EU4Youth – Social Entrepreneurship in Armenia and Georgia (SEAG)

EU4Youth logo

Project duration

2020-2022

Budget

€1.67 million

Project Website

EU4Youth – Социальное предпринимательство в Армении и Грузии (SEAG)
EU4Youth – Социальное предпринимательство в Армении и Грузии (SEAG)

Brief Description

The EU4Youth SEAG initiative fosters youth employment and societal change through Social Entrepreneurship in the border regions of Armenia and Georgia. The project supports the development of the entrepreneurial potential of young people in the field of social entrepreneurship, notably with a view to contributing to social cohesion, employment, decent work, inclusion, and reduction of inequalities.

Objectives

The project aims to provide creative young people from Armenia and Georgia with the necessary knowledge and skills to establish sustainable social enterprises, and supports the development of a favourable ecosystem for social enterprises to develop and prosper in Armenia and Georgia.

Actions in brief

Improve skills, knowledge and capacities related to social entrepreneurship for youth through targeted capacity-building actions aiming at a measurable and sustainable impact on economic growth opportunities for young social entrepreneurs.

Support young social entrepreneurs through increased access to finance, business support structures, networks, and key market actors. Enable social enterprises and aspiring entrepreneurs to increase their productivity, make new hires for growth, reduce their risk profiles as potential micro-loan recipients, and improve sales and profitability, thus building the socio-economic welfare of young people and their communities. 

Strengthening ecosystem for youth-focused social entrepreneurship in Armenia and Georgia by

removing specific external, sectoral, perception and legislative barriers in the enabling environment that prevent social enterprises from starting up, growing and thriving.

The project will target:

  • 1,000 aspiring young social entrepreneurs aged 18-29 (50% female), including disadvantaged youth (from rural areas, young women, those with disabilities, young parents, ethnic minorities, and other marginalised populations);
  • 50 existing young entrepreneurs aged 18-29 (50% female) whose businesses are: a) interested in youth-focused job creation; b) self-identify as social enterprises; c) currently address social issues but are not familiar with social entrepreneurship; and/or d) have the potential for pursuing a social enterprise using innovative solutions with a clear social and environmental impact;
  • Business support structures such as Enterprise Incubator Foundation, Armenia Startup Academy, Agriculture and Rural Development Agency in Georgia and other accelerators; financial institutions (banks and MFIs); male and female business mentors; networks such as ABCO member organisations in target municipalities, agriculture associations (Dairy Georgia, Georgian Farmers Association, etc.), and others;
  • Policymakers including the Ministry of Labour and Social Affairs; Ministry of Education, Science, Culture and Sport of Armenia; Ministry of Environmental Protection and Agriculture of Georgia, Ministry of Economy and Sustainable Development of Georgia, relevant Parliamentary committees, and others to develop regulatory frameworks which support strengthening the social enterprise sector, specifically for youth.

The SEAG project will indirectly impact final beneficiaries of the broader private sector and business communities, representing an estimated 50,000 indirect beneficiaries (residents in more than 400 target communities).

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The project is implemented by Mercy Corps Europe, Armenian NGO Development Principles and the Association of Business Consulting Organisations of Georgia (ABCO).

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