European Project Danube Chance 2.0
Unlocking the potential of second-chance entrepreneurship in the Danube region
Failure is part of the innovation process. Elon Musk, Jeff Bezos or Steve Jobs – they all failed with at least one project during the course of their career, yet they founded billion-dollar businesses. The key is to get up again after failure and setbacks.
The EU funded project DanubeChance2.0 supports failed entrepreneurs in the Danube region to start a new business after bankruptcy. One aim is to improve the policy framework and conditions for second-chance entrepreneurship in the Danube countries. In a multi-actor policy learning dialogue between policy makers, research institutes, universities and companies struck by bankruptcy new concepts shall be elaborated to this end. Another aim is to better prepare second-chance entrepreneurs for their new venture. The project will deliver a 130 hour training programme and provide business acceleration support for approximately 60 entrepreneurs whose first projects failed. A transnational pool of experts will offer mentoring for second-chance entrepreneurs, even after the project ended.
Altogether, the activities of the project shall positively impact the climate for second-chance entrepreneurship in the Danube area and unlock its great economic potential.
DanubeChance2.0 receives an EU funding of 1.8 Mn Euro in the framework of the INTERREG Danube Transnational Programme. The project is coordinated by IFKA, Public Benefit Non-Profit Ltd. for the Development of Industry. 17 partners participate in the project. Steinbeis 2i GmbH is responsible for the development of the first “Second-chance Entrepreneurship Community Strategy” for the Danube region.
Participating countries: Austria, Belgium, Bosnia and Herzegovina, Croatia, Germany, Hungary, Italy, Moldova, Romania, Serbia, Slovakia, Slovenia and Ukraine
Project duration: 07/2018 - 06/2021