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StimUlate finanCial eduCation to foster EntrEpreneurship and Development

2016-1-LU01-KA202-0138312016Strategic Partnerships for vocational education and trainingfinalizedGood practice
Countries: LU|ES|IT|BE|SI|RO · Grant: €282,653
Entrepreneurial learning - entrepreneurship educationEconomic and financial affairs (incl. funding issues)Enterprise, industry and SMEs (incl. entrepreneurship)

Project summary

Investors, entrepreneurs and consumers live in a world where complexity rises every day. Financial complexity in particular has often threatened the lives of enterprises and individuals in Europe hampering the capacity of otherwise rational actors to take wise decision in difficult times of economic crisis. The SUCCEED project aims firstly at empowering teachers and trainers with innovative tools to spread financial competences and entrepreneurial skillsets to a larger audience, trying to be as versatile as possible thus promoting replicability in different conditions.The project consortium is composed of 8 partners, thoroughly selected between Education/Training institutions (CCIL, FUNIBER, SATEAN), operators and consultancies in the field of financial institutions (CBE, CONFORM) Network of enterprises/Incubators (RES,TheHive) and experts in ICT applications in the field of training (BICERO). Also the partnership has been selected to broadly represent all geographical areas of the European Union, ensuring a profitable cross fertilization and a more effective dissemination and exploitation of project results. Project activities will be divided into workpackages as follows:• WP1 – Project Managemento Task 1.1 Administration and Finance managemento Task 1.2 Decision making and conflict resolution procedureso Task 1.3 Quality Assurance Plan, Monitoring and Evaluation • WP2 – Entrepreneurial and Financial Training Need Analysiso Task 2.1 Training methodology schemes definition o Task 2.2 Selection of best practices and innovative training schemes• WP3 – SUCCEED Training Modules definitiono Task 3.1 Development of training materials and training kit• WP4 – SUCCEED ICT Toolso Task 4.1 MOOCs Creation for the FELIPE platformo Task 4.2 Creation of FELIPE: Financial e-Learning Platform for entrepreneurship. The project will design and upload a digital platform following the Personal Learning Environment Framework (PLEF). • WP5 – SUCCEED Pilot Training modules. The project will test results and deliverable during two five days pilot courses in English.• WP6 – Communication and Dissemination of SUCCEED.• WP7 – Sustainability and Exploitation of SUCCEED results.The project will follow a very precise methodology based on division of work based on each partner experiences and resources. The consortium will then coagulate and cross-fertilize results into objectives and deliverable stated in the workplan. The project will create a stable and permanent platform of MOOCs, educational schemes and examples, training courses and replicable example for students, trainers and practitioners. The FELIPE Platform will use and innovate existing technologies such as ILIAS, MOODLE and Personal Learning Environment Framework giving an high level of reusability not only in different geographical area but also in different cultural contexts, and even in different subjects or fields of technical knowledge. The project will also deliver guidelines on how to design, create and implement an innovative use of MOOCS and how to deal with complex elements of teaching on the topic of financial issues learning/training. The project will base its later outputs on a detailed Training Need Analysis made on a national and transnational level by the consortium and will be collected into a general analysis of EU Training Needs and emerging skills trends. Those analyses will be delivered by the project and could be used in the future as the base of more up to date studies on entrepreneurial and financial skills level in Europe.

Final report summary

As its name suggests, the main objective of this project is to strengthen entrepreneurship by increasing the financial skills of (future-)entrepreneurs. To achieve this, the SUCCEED project aimed to create an educational methodology, a complete training material exploited in a stable and permanent free learning platform (MOOCs and video series), and replicable examples for students, trainers and practitioners. According to multiple papers published by the OECD and the EBF, as well as results coming from past European projects, there is a financial literacy gap. ICT tools will be developed not only to improve training methods but also to provide a useful tool in order to understand basic financial and economical mechanisms. The project will follow a very precise methodology, inspired by the division of work based on each partner’s experiences and resources. We created innovative content, to provide pedagogical skills, technical skills and crucial information on financial education matters. This training enables trainers to stimulate financial education of a large number of beneficiaries and by doing so, it will increase their self-entrepreneurial potential. SUCCEED project is a partnership of 8 European organizations handpicked between Education/Training institutions and promoters (CONFORM, FUNIBER, SATEAN), operators and consultants in the domain of financial institutions (CBE), networks of enterprises/business incubators (CCIL, RES, FVB/The-Hive) and experts in ICT applications in the training business (BICERO, CONFORM). All project results are freely available through the project website: www.succeedproject.eu They are: - A clear methodology to detect skills gaps in financial educations and beyond; - A National analysis for each partners' Countries; - A general analysis which compared the skill gaps in partners' Countries; - SUCCEED Training material (13 chapters created by the consortium and a Web Series); - SUCCEED Learning platform - FELIPE where the training materials and the web series are presented in an innovative and user-friendly way - SUCCEED "Manual for trainers" is a manual on how to recreate a training course similar to SUCCEED. It aims at presenting the operative steps followed by the consortium in creating SUCCEED training, and therefore, it aims at empowering other organizations. - SUCCEED" CASE STUDIES FOR IMPLEMENTING FINANCIAL EDUCATION (EN)" it is a complement of the Manual and it is intended to support trainers in implementing SUCCEED training course in their educational offer. During the project, the consortium organized two Learning activities (in Luxembourg and in Ancona). Both activities aimed at testing SUCCEED content and methodology with learners in order to improve SUCCEED results and increase its impact. One of the final results of SUCCEED project is IO6 "Manual fro trainers" to support those organizations willing to develop a similar training course in other fields. This manual presents the journey of SUCCEED project and produced an long-term benefit by empowering other organizations not directly involved in the project.

Project partners (8)