European Commission - Growth

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:::Archived:::
Id 799
Year of submission 2010
01. Title of the measure Programme to support the establishment of undertakings in Castile-La Mancha. Challenge XXII
02. Country
03. Language English
04. Contact details
Responsible organisation Escuela de Organización Industrial (EOI)
Name and Surname of contact person Luis Sánchez
Street and number Gregorio del Amo, 6
Postal code 28040
City Madrid
Country ES
E-mail of contact person luissanchez@eoi.es
Website of organisation www.eoi.es
 
 
05. SBA policy area Entrepreneurship education
06. Source SBA implementation in member states
07. Description of the measure The Challenge XXII programme is a programme devised and promoted by the Escuela de Organización Industrial [School of Industrial Organisation] and the Fundación Horizonte XXII [Horizon XXII Foundation] and it is intended to encourage the establishment of undertakings in Castile-La Mancha. The programme comprises five stages: submission of projects, selection of projects, drawing up of a business plan, establishment of the undertaking and mentoring. The Ciudad Real Caja Rural [rural savings bank] has offered a cash prize of EUR 50 000 and interest-free microloans of EUR 10 000.
08. Objectives To encourage and promote the establishment of innovative undertakings in Castile-La Mancha.
09. Duration (dd/mm/yyyy)
Start Date 22/03/2010
End Date Measure open-ended
Other Information The first four stages of the project have been completed; the monitoring stage is currently proceeding.
10. Target group Entrepreneurs wishing to establish an undertaking in Castile-La Mancha. One of the criteria was that the projects submitted should display some of the following characteristics: innovative in nature, socially beneficial, likely to have an impact on the region.
11. Have you consulted business organisations before submitting this measure? No
11.1 Comments/testimonial by business organisation/entrepreneur
12. Why is this measure a success? Please give information on results and achievements. In the course of a regional campaign, 104 proposals were submitted for the establishment of undertakings. Of the 22 proposals selected, 11 have resulted in the establishment of an undertaking and 6 others are expected to do so by the end of the year. The Fundación/Ciudad Real Caja Rural have offered a prize of EUR 50 000 for the best business project. The Caja Rural grants EUR 10 000 microloans. Undertakings continue to receive support for the purpose of consolidation.
13. Problems that had to be overcome and lessons learned No problem to be overcome has arisen, although an increase in the number of candidates applying for the programme would be welcome. One lesson learned is the need for the other regional institutions to be involved in supporting and advertising this initiative.
14. Information on the measure can be provided in the following languages
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