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fundRaising fOr sTArT up businEsses

2023-1-DE02-KA210-VET-0001592982023Small-scale partnerships in vocational education and trainingfinalized
Countries: DE|CY|EL · Grant: €60,000
Entrepreneurial learning - entrepreneurship educationEmployabilityCareer guidance

Objectives

ROTATE project aimed to train VET teachers and learners in fundraising methods through the development of fundraising processes, upskilling package, and training activities. Therefore, the partners have set for specific objectives (SO), which are to reach out: SO1: Upskill VET teachers and VET learners’ fundraising skills, having the opportunity to be trained in a fundraising upskilling program. SO2: Design and develop new educational resources for VET organizations. The develop-ment of the fundraising framework for start-up businesses through the literature review and the inputs start-up creators. SO3: Provide new learning opportunities to low-skilled VET learners. The upskilling fundraising material will provide easily accessible learning opportunities incorporating exceptional content. SO4: Enhance the sustainability of start-up businesses. There is a lot of start-up companies that struggle financially during the first years of their establishment. The ROTATE project was intended to design and to develop flexible and learner centred VET programmes, and that contribute to closing existing gaps in training for working age adults to successfully manage labour market transitions, to start or maintain their start-up businesses.

Background

The project partners had identified needs for the Young Entrepreneurs and the participating organizations in the matter of fundraising. Young entrepreneurs face difficulties during the initiation of their business planning. A lot of them do not know the financial tools that can be used to fund their business. The lack of knowledge operates as an anti-developmental situation. Learners in business sector in general, have the need to be informed about the fundraising and various methods that they can follow in order to satisfy the needs of their companies. Nevertheless, low-skilled learners might need some consultation around the procedures that need to be followed concerning fundraising. Partners with different experiences in supporting young entrepreneurs were involved: • BK Consult GmbH covered the fields of education and employment. • Opinion & Action Services Ltd provided a broad framework of consulting services in the field of communication, strategic planning and analysis addressed to public authori-ties, and enterprises. • Universal Education offered both long-term and short-term courses for employees in the business sector and holds a strong background in VET education and upskilling of hu-man resources in a variety of fields.

Project partners (3)