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The Government of the Republic of Serbia

In the service of citizens

Competition on youth business ideas opens

Belgrade, 25 September 2012

State Secretary of Youth and Sport Nenad Borovcanin today stated that stimulating and encouraging all forms of youth employment, self-employment and entrepreneurship is one of the main objectives of the National Youth Strategy.

Nenad Borovcanin

Author: infobiro.tv

Announcing the competition for youth business ideas, Borovcanin said that young people below 35 can apply for the competition if their residence is on the territory of Nis, Merosina, Doljevac, Gadzin Han, Leskovac, Novi Sad, Beocin, Sremski Karlovci, Temerin, Gornji Milanovac, Cacak, Kraljevo, Vrnjacka Banja, Raska, Subotica, Sombor and Kanjiza.

These towns and municipalities are members of inter-municipal partnerships led by Nis, Novi Sad, Kraljevo and Subotica, formed with the help of USAID’s Sustainable Local Development Project in 2011.

Borovcanin noted that by applying to the competition young people will gain the opportunity to attend a series of trainings to help them improve their business ideas and develop them into business plans which will be contemplated for loans in February 2013, within the Superstep credit line, provided by the Erste Bank and intended for youths launching their own business.

All interested young people can apply via www.biznismladihsrbije.org by 28 October 2012, he added.

He remarked that the competition is part of the Youth Business Serbia programme which enables young people to acquire the necessary know-how, skills and mentors’ support when launching their businesses, as well as to share their experiences with their peers from other states.

Borovcanin noted that the programme was initiated as a partner initiative of the Smart Kolektiv, Erste Bank and the National Employment Office, with the financial support of USAID and the Ministry of Youth and Sport.

Director of the USAID Economic Growth Office in Serbia Susan Kutor stressed that through the Sustainable Local Development Project, USAID will continue to endorse the cooperation of all three sectors – public, private and civil – in order to resolve key social problems, such as youth unemployment.