“CREAzone 2.0” aims to create viable business and ensuring long-term employment growth in the border regions of Lithuania and Latvia by combining modern business ideas and traditional business models.
By using methodology improved during the “CREAzone 1.0” project, project seeks to reduce disproportionately high level of incapacity (as compared to the major cities); especially among young people, in targeted program regions. Project goal is to create new viable businesses and secure jobs for people in target areas by encouraging young peoples entrepreneurship, motivating young people to discover incomplete local sector potential, providing multi-faceted assistance, counseling and training.
Project budget is 939 115, 17 EUR. Total funding of the European Regional Development Fund is 798 247.88 EUR. Project is funded by 2014-2020 Interreg V-A Latvia-Lithuania Cross Border Cooperation Program, which aims to contribute to the sustainable development of the territory by helping it become an attractive and competitive place to live, work and visit. More information on the www.latlit.eu or the official European Union portal www.europa.eu .
This article is based on the European Union’s financial support. Kaunas University of Technology is responsible for the content of the article. Under no circumstances it does not reflect the view of the European Union.
Project funding:
2014-2020 Interreg V-A Latvia-Lithuania Cooperation Programme
Project results:
To create new business opportunities in traditional industries in the Lithuanian-Latvian cross-border region by knowledge economy driven promotion of youth entrepreneurship in accordance with “CREAzone” methodology;
To build an alliance of stakeholders, who are determined to create long-term collaboration on promotion of youth entrepreneurship.
Period of project implementation: 2018-04-01 - 2020-03-31
Project coordinator: Kaunas University of Technology
Project partners: Lithuanian Bussiness Confederation, Latvian Chamber of Commerce and Industry, Ventspils University of Applied Sciences
