Embracing failure to facilitate second-chance entrepreneurship in the Danube region

Acronym: DanubeChance2.0

Framework programme: Interreg  Danube Transnational Programme

 Duration: 01.07.2018. – 30.06.2021.

Priority: Innovative and socially responsible Danube region

Specific objective: Increase competences for business and social innovation

Aim of the project:

DanubeChance2.0 aims to facilitate improved policy learning between: policymakers and government agencies; research institutes and universities; financially distressed enterprises currently involved in insolvency procedures, or entrepreneurs who have already gone bankrupt but ready for a fresh re-start; business accelerators; and the public.

DanubeChance2.0 will deliver innovative policy designs, give formerly bankrupt entrepreneurs a second chance in the Danube region. Acting as a policy driver, DanubeChance2.0 brings together a multi-disciplinary quadruple-helix partnership of 12 partners and 5 ASPs to create the first “Second-chance Entrepreneurship Strategy for the Danube region”.

The project will provide a path for more legitimate entrepreneurs whose first businesses have failed to re-enter the market through delivering 130 hours of “blended” learning experiences at the ”’Trial and Error‘ Re-Design Transnational Academy”, and the launch of the first “Business Re-Structuring Initiative”, which will provide business acceleration support for approximately 60 legitimate entrepreneurs whose first projects failed. A Second-chance Entrepreneurial Transnational Community Pool of Experts will also provide mentoring to second-chance entrepreneurs beyond the lifetime of the project.

Project partners:

IFKA Public Benefit Non-Profit Ltd. for the Development of the Industry Hungary (Lead partner)

Steinbeis Innovations GmbH Germany

Technical University of Cluj-Napoca Romania

Centre for Social Innovation Austria

Pomurski Technology Park Slovenia

Pannon Business Network Association Hungary

Union of Slovak Clusters Slovakia

Centre for Entrepreneurship Osijek Croatia

Serbian Chamber of Commerce and Industry Serbia

Republic Agency for the Development of Small and Medium Enterprises of Republic of Srpska Bosnia and Herzegovina

Organization for Small and Medium Enterprise Sector Development Moldova

Institute of Market Problems and Economic-Ecological Researches of NAS Ukraine

Ministry for Industry, Energy and Mining of Republic of Srpska Bosnia and Herzegovina

EURADA Association of Development Agencies Belgium

Ministry of Economy, Entrepreneurship and Crafts of the Republic of Croatia

Ministry of Economy Moldova

Central European Initiative Executive Secretariat Italy

The overall project budget is € 1,822,550 and is co-financed from European Union funds (ERFD, IPA, ENI), of which € 94,750 relates to the Republic Agency for the Development of Small and Medium Enterprises.

More information about the project can be found on the official website of the project http://www.interreg-danube.eu/approved-projects/danubechance2-0