EU4Youth has launched the Idea Bank, the first digital platform to connect start-up social and green entrepreneurs with potential investors from the South Caucasus region. Its main goal is to discover and develop young innovative entrepreneurial ideas.
The portal is aimed at start-up entrepreneurs and investors interested in social and green entrepreneurship. The Idea Bank allows young entrepreneurs to create their own profile, and after successfully registering a business idea, it becomes accessible to a wide audience with the featured description of the business plan.
There are currently 33 ideas featured on the Idea Bank, 19 from Georgia and 14 from Armenia. Among the registered entrepreneurs are those who recently received EU grants for the Caucasus Social Innovation Competition to start their own business in areas such as sustainable waste management, ecotourism, agriculture, eco-production, and healthcare.
The Idea Bank was established as part of the EU-funded project ‘EU4Youth: Social Entrepreneurship Ecosystem Development (SEED) for Green Growth’.
This website is managed by the EU-funded Regional Communication Programme for the Eastern Neighbourhood ('EU NEIGHBOURS east’), which complements and supports the communication of the Delegations of the European Union in the Eastern partner countries, and works under the guidance of the European Commission’s Directorate-General for Neighbourhood Policy and Enlargement Negotiations, and the European External Action Service. EU NEIGHBOURS east is implemented by a B&S Europe-led consortium. It is part of the larger Neighbourhood Communication Programme (2020-2024) for the EU's Eastern and Southern Neighbourhood, which also includes 'EU NEIGHBOURS south’ project that runs the EU Neighbours portal.