Creating “Circular Business” by young ENGINEers at the cross-border area of Greece-Bulgaria
Acronym |
ENGINE-HUBs |
Project Number – MIS | 5071317 |
Priority axis | 1 - A Competitive and Innovative Cross-Border Area |
Investment priorities | 3a - Promoting entrepreneurship, in particular by facilitating the economic exploitation of new ideas and fostering the creation of new firms, including through business incubators |
Intervention fields |
066. Advanced support services for SMEs and groups of SMEs (including management, marketing and design services) |
Call | 6th CALL FOR PROJECT PROPOSALS |
Lead Beneficiary | TECHNICAL CHAMBER OF GREECE/SECTION OF CENTRAL MACEDONIA |
Beneficiaries |
CHAMBER OF COMMERCE AND INDUSTRY GOTSE DELCHEV CHAMBER OF ENGINEERS IN INVESTMENT DESIGN FEDERATION OF INDUSTRIES OF NORTH GREECE |
Start Date | Jan 01, 2021 |
End Date | Nov 07, 2023 |
Budget | 682.291,00 € |
ERDF Contribution | 580.542,35 € |
National Contribution | 102.448,65 € |
Website | https://www.engine-hubs.eu/ |
On the other hand, both countries do have a wealth of human capital with a multitude of qualified engineers, scientists and R&D institutions increasing the potential for a well monitored transition to a circular economy. What is needed is to assist them by improving the entrepreneurship conditions and stimulate business creation and synergies within the CBC area.
The project aims to identify and apply synergies and complementariness in the production line of the 2 regions and to turn an economic activity’s waste into materials for others through the establishment of “circular enterprises” . ENGINE-HUBs will make it easier for both CB regions to start collaborating and developing jointly circular production lines.
The project’s approach and joint assets (workforce) is to identify business opportunities in the area of circular economy and to create a structure through which business ideas of young scientists will be transformed into businesses in the CBC area. The structure will deliver a new business approach to enhance youth entrepreneurship building on three pillars: knowledge, mentoring/coaching and networking. Project’s comparative advantage is the connection of the scientific workforce with the market through its partnership. It is worth noticing that the project focuses on the provision of assistance through 4 HUBs to the new entrepreneurs for the implementation of their business plans and not only the development of these plans so that the new enterprises can be operative before project’s ending or 2 years after at the latest.