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Incubating dreams

20/09/2013

An ESF incubator project in Sweden is helping young jobseekers realise their business ambitions

In Sweden, statistics show that far too many people who start their own business are likely to fail owing to a lack of networking opportunities, potential partners and experienced advice. The ESF-funded incubator ‘Creative processes for self-employment’ is proving a successful response to this problem by giving jobseekers the chance to start, operate, and develop their own businesses.

In the first 15 months of operation 107 people aged between 20 and 30 years joined the incubator; of these 23% set up in business, 30% went on to find jobs, and 10% took up further studies. “These results show that we are on the right path to give more young people a chance to get jobs, continue their studies or realise their business dream”, said Malmö Council MemberLari Pitkä-Kangas.