Entrepreneurship Passport (Passaporte para o Empreendedorismo)

CONTEXT:

Provide training and project capacitation for up to 4.700 aspiring young entrepreneurs. 

SUPPORT MECHANISM:

Increase success conditions of entrepreneurial projects.

IMPLEMENTING AGENCIES:

IAPMEI, Agência para a Competitividade e Inovação I.P.

ELIGIBILITY:

Entrepreneurial project (1 year before company start-up)

Timeline:

2012-2015

RESULTS:

Received 3.558 applications

Provided training for 997 aspiring young entrepreneurs

Increase success conditions of 571 entrepreneurial projects

73,5% of the 997 participants considered that their employability conditions improved significantly

152 participants started their one company and 372 intended to do so in a six months’ period

140 new jobs were created by the new startups

CHALLENGES + LESSONS TO DATE:

Main challenge, and lesson learned, was the management of this kind of program (1 year) by a public implementing agency. It is very hard to match private needs and intentions with public procurement rules and resources, under time and budget constraints.

Similar\future programs should be managed under public\private partnerships.

KEY ADVISOR(S) OR LEADER(S):

Former Secretary of State for Entrepreneurship and Innovation (XIX Portuguese Government)

NOTES + ADDITIONAL CONTEXT:

Portugal needs to exploit its entrepreneurial potential! But it must be done more and more through business initiatives with high added value leading to the creation of startups with skilled human resources, that carry out activities in sectors with growth or sectors with higher intensity of technology and knowledge that enhance the application of R & D results in the production of new products and services, the so-called ‘qualified and creative entrepreneurship. However academic knowledge, case studies, scientific research results, master's or doctoral theses do not constitute a qualification for being creative entrepreneurs ready to take, or "produce", business ideas to enter the market. You must join the practice and the process so that the intentions result in action and the identification of opportunities results in its exploration. That was the main intention of the program by providing training and project capacitation for 997 aspiring youth entrepreneurs.

 

MINISTÉRIO DA ECONOMIA E DO EMPREGO

Portaria n.º 370-A/2012 de 15 de novembro

http://www.bportugal.pt/biblioteca/catalogo/winlibsrch.aspx?skey=&pesq=6&thes0=1623&nohist=true&cap=5&prn=true&doc=139168

CURATED BY

Portugal
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