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 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

Portrait Samantha Michaux
Samantha Michaux
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Portrait Daniel Ketzer
Daniel Ketzer