The motivation and potential for entrepreneurship that female entrepreneurs provide strongly contributes to socioeconomic growth. The EU's "Entrepreneurship 2020 Action Plan" emphasizes how important it is for entrepreneurship to serve as Europe's engine of growth, even though it will change cultural norms. When it comes to information, knowledge, and language proficiency, female entrepreneurs frequently experience higher failure rates than male entrepreneurs, even though their success rate is higher. Language obstacles, lack of management and marketing expertise, business support, and gender disadvantages are some of the obstacles that need to be overcome. Through the provision of the attitudes and abilities young entrepreneurs need to launch and expand their businesses, the OMEGA project was devoted to address these issues. The project improved young women's integration into the labor market by fostering international synergy to develop their digital skills. Youth workers, trainers, ICT specialists, and low-skilled or underprivileged women were among the target groups.
Youth’s integration into the labor market faces serious challenges with young people aged 15-24 and especially young women, being strongly impacted by the economic crisis. In 2017, Eurostat reported a 16.2% unemployment rate for young women, with a 48.2% in Greece. In 2019 in Turkey, youth unemployment was 24.6% with labor participation rates of 34.5% for women and 71.8% for men. North Macedonia saw a female unemployment rate of 37.2% in 2020. In Romania, the overall unemployment rate was 5.2%, with unemployment among women being 4.8%, while Belgium reported 6.5% for women. Empowering young women to enter the labor market is essential for economic and social development. The OMEGA project, a 24-month EU initiative that involved six organizations. Its goal was to help young women, especially those disadvantaged, integrate into the labor market by promoting digital technology. The project acknowledged the critical role that ICT skills play in today's labor market and focused on boosting employability, promoting digital entrepreneurship, and improving digital skills and education.