Azerbaijan: EU-funded project raises entrepreneurial literacy among high school students and teachers

On 23 June, the EU-funded ‘Entrepreneurship for Youth’ project held its final event to close its activity and highlight its results.

The project aimed to introduce financial literacy and entrepreneurial education in secondary schools, with three main targets: to develop learning materials for teachers, involve teachers in capacity building training, and introduce financial literacy and entrepreneurship at the pilot schools through the involvement of civil society organisations and the private sector.

The project has succeeded in engaging 170 teachers and 4,909 students aged 13-16 from 48 secondary schools and 4 VET centres from Baku, Ganja, Gabala, Gakh, Zagatala, Masally, Mingachevir and Khachmaz. Students took part in online and offline entrepreneurial training, workshops, and 100 youth teams joined a business video contest and innovation camp implemented as part of the project.

The survey conducted before and after the training programmes showed the students have improved their knowledge by 32%, and 30% of the students are planning to start/lead a family business, with 70% of female students confident they will successfully start their entrepreneurial journey.

Almost 80% of students said that the programme helped them to understand the importance of managing personal finances, 90% now feel confident in managing money, and more than 50% of students started save money.

The assessment also showed that after two years of the project, 93% of teachers have a good level of financial literacy in 2021, compared to 37% in 2019.

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