Entrepreneurial Baltics: Lead your Life through Entrepreneur

Young people in Baltic countries face the common problems as in other countries: unemployment and difficulties of finding a job. To solve these problems, we propose a project which includes promotion of brand Entrepreneurial Baltics as an attractive destination for youth and web-platform for young entrepreneurs.

Entrepreneurial Baltics is the project that forces youngers who cannot or don’t want to apply for a job at some company, be involved into entrepreneurial activity (either to start own idea or join some other startup team).

The main goals with the project is:

1.      Make people believe in themselves as an actors and leaders.

2.      Develop clear entrepreneurship idea for young people.

3.      Show how and why Baltic States are the best place to act and live as entrepreneurs.

The idea includes two parts:

1.      Create brand “Entrepreneurial Baltics” to popularize youth entrepreneurship in Baltic States as a friendly place to work and live. The brand can assist in promotion of the entrepreneurial idea among young people in Baltics. In a long perspective, on the basis of a brand we can build stronger base that will provide more opportunities for young entrepreneurs

2.      Create the web-platform for entrepreneurs which will help to start and do business.

There are a lot of information about different sources, funds, accelerators in Baltic Region on the Internet, but it can be difficult to find summarized information in one place.

Our main feature is that we integrate information form the most important sources and combine information about Baltic States. The Platform will offer more possibilities and more choices. It is going to build wider networks and stronger connections between countries.

First part of Entrepreneurial Platform contains introductory and explanatory data for new entrepreneur. Beside it, there is interactive part. We propose that people who plan to start a business can find a team to realize a business idea.

The problem of unemployment has became one of the most serious ones.   Usually, unemployment does not target all groups of population proportionally. One of the most vulnerable parts of a society is youth. The statistics showed that a big percentage of young people in the European countries do not a have a job. The figures are not optimistic for the three Baltic States as well. Our idea is that we are considering entrepreneurship as a key to the economic growth in targeted countries. 

Young people tend to engage in activities that are either connected with their deepest interest, prestige projects or popular ones. New generation of young people is more active, open and prefer freedom. Running own business gives opportunity to work on things that matter for person themselves. So, youngers have odds to do entrepreneurial activity.

In addition, increasing role of IT enables individuals to contribute to economy in meaningful way. Now we see growing role of very small companies that employ less than 10 people, that is why there are more people who choose to start company of their own.

The main aim of our project is to reduce youth unemployment in the three Baltic States. It will be reached by promotion of the brand and creation of the web-platform. The former will help to decrease the out-migration level among the youth in these countries, while the latter will trigger the development of entrepreneurship as a field to work for young people. Therefore, if the overall level of unemployment thus lowered, it will benefit the economy of the countries.

it will be reduced approximately by 3-5% percent during the first 2 years of implementation. It will be measured by the official statistics - reduce youth unemployment

That the platform will unite all possibilities for entrepreneurship for three countries and help to build new networks between youth entrepreneurs

The idea by itself is to make it easier for people, who are willing to be involved in the entrepreneurial sphere, to find opportunities in the fastest and the most efficient way

It will be easily accessible through our web-platform. Also, it will be supported by Facebook group

grants for achieving development goals provided by the governments of Baltics countries

● Different languages in Baltic States.

● Social attitudes towards enterprenurship. 

● Financing.

● Bureaucracy (coordination between national ministries).

● Corruption.

Our aim is to help other young people as ourselves to achieve their goal and support higher personal development and better career opportunities

The University of Tartu