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project info
Start date: 26 July 2018
End date: 29 January 2023
funding
Fund: European Social Fund (ESF)
Total budget: 75 339 550,00 €
EU contribution: 64 792 013,00 € (86%)
programme
Programming period: 2014-2020
Managing authority: Nemzetgazdasági Minisztérium Gazdaságfejlesztési Programokért Felelős Helyettes Államtitkárság
European Commission Topic
European Commission Topic

Supporting young people to become entrepreneurs

The Government of Hungary has set itself the objective of reducing unemployment for jobseekers, increasing their employment opportunities through measures aimed at becoming entrepreneurs and developing start-ups. The most important net job creators in Hungary are micro and small enterprises, almost two thirds of which are single-person enterprises, mainly self-employed. In view of this, encouraging entrepreneurship, supporting the creation of new businesses, improving their skills, raising awareness of entrepreneurship and encouraging their entrepreneurial attitude towards setting up and running such enterprises can contribute to increasing the level of employment of jobseekers. In order to achieve the objective, the Government of Hungary (hereinafter referred to as: Treasury) aims to implement it by supporting the start-up of businesses established by jobseekers aged 18-30 with an approved business plan prepared for business start-ups and business development. In order to achieve the above objectives, the Government shall implement the Economic Development and Innovation Operational Programme (hereinafter referred to as: EDIOP) (Decree No 1006/2016 on the establishment of an annual development framework) (I.18.) Korm. Decision of the Priority Project GINOP-5.2.7-18 entitled ‘Supporting the Entrepreneurial Entrepreneurship of Researchers’ (hereinafter: Project) for support. In the Government Decision, the Treasury was designated as an applicant for assistance. The Government Decision sets the amount available for the implementation of the project at HUF 26.65 billion, which is co-financed by the European Social Fund and Hungary’s budget. The aim of the present project is to provide capital support to enterprises launched by the Treasury on the basis of a business plan approved as a result of call GINOP-5.1.9-17 for job seekers aged 18-30 planning to start a new individual or micro-enterprise in order to reduce unemployment in the less developed regions of Hungary, i.e. in areas outside the territory of Budapest and Pest County. Accordingly, the target group of the project is individual or social enterprises between 18 and 30 years old registered with the National Employment Service participating in the GINOP-5.1.9-17 programme. The period of implementation of the project will run from 26 July 2018 to 31 December 2022, as set out in the call for proposals, including the period available for financial clearance after its physical completion on 31 October 2022. For the effective implementation of the support activity, the Treasury shall comply with the Integrated Management and Control System (hereinafter referred to as: IACS) framework, which will be further developed in the framework of the project (IACS+ system) in the call for proposals GINOP-5.2.7-18 (hereinafter: Call for assistance) to ensure the implementation of the tasks related to a specific aid scheme. This project is directly linked to call GINOP-5.1.9-17, under which potential entrepreneurs are trained, acquire and develop the skills needed to start a business, acquire knowledge of basic legal, financial, farming, work organisation, management and management, learn about the types of entrepreneurship, prepare to become self-employed or become entrepreneurs, which will enable them to make proper use of the capital support available in this project.

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