The power of the upcoming youth entrepreneurship scheme!

Small businesses not only drive the economy and job growth, they also provide a pathway for business owners—particularly minorities, immigrants and the economically disadvantaged groups and individuals to join Cyprus middle class.
Advancing policies that support new business formation and low- and moderate-income entrepreneurs is a critical component of asset-building advocacy. In the current economic environment, these policies are even more important as entrepreneurship is, for many unemployed citizens, the best opportunity to recover. Indeed, starting a business allows these individuals to create their own new jobs.

Entrepreneurs who want to start new businesses and create more jobs should have access to as much help as possible”. The promotion and development of youth entrepreneurship schemes by the provision of small grants to young people will facilitate the development of business ideas for young people.

“The success will be visible when limitations are limited” the current available budget of the applicant should not be a barrier for funding the business proposal, the future outcome of the new enterprise matters the most. Grants need to be widely spreaded to all sectors of the economy and special emphasis is needed in funding sectors with higher demand and in supporting young people to develop the necessary skills to bring ideas into life.

“I strongly believe that entrepreneurship is not just about a new company and job creation. It is also about improving humankind. This needs to be the main criterion for selecting successful applicants.”