Training and mentoring programme created to offer a “reinvention opportunity” to professional profiles developed in sectors in crisis.
One of the main sectors hit by the crisis was the construction sector, having been one of the most important economic engines of the Region of Murcia (and Spain).
Construction sector counted with a wide variety of high-skilled professionals (architects, engineers, economists ...). SPEED UP Program is part of a Plan to support Entrepreneurs launched during the crisis in 2009-2013, with the objective of boosting regional business sector through the promotion and support of entrepreneurial initiatives.
The Programme works in three different axes:
Promotion of the entrepreneurial spirit in society
Support for the creation and consolidation of companies
Coordination of the entrepreneur support system
How Objectives are reached:
The final objective was not only the creation of companies but mainly increase the capacity building of professionals with skills and contacts to “re-skill” and “up-skill” them for their professional lives.
Participants attend both group and individual sessions, receiving training in entrepreneurial skills (teamwork, motivation ...), they learned business model design methodologies, benchmarketing and get in touch with the stakeholders involved in the regiona entrepreneurship ecosystem (BICs, Business Angels, Scientifc Park…)
Stakeholders: Local Authorities (Business Support Regional Ministry), National Authorities (Ministry of Industry and SMEs) and colleagues and clubs of professionals.
Resources needed Costs of developing and rolling out each Programme edition (10 weeks):
Project Director in charge of designing the program, looking for trainers, selection of participants: € 10,000
Trainers,: € 15,000
Rental of spaces and materials: € 5,000
Total cost: € 30,000
Evidence of success
Concrete outcomes include:
In 2012, the Regional Plan Emprendemos (“Let’s be an entrepreneur”) obtained the European Entrepreneurial Region (EER) distinction, which identifies and rewards regions with most innovative entrepreneurial policies.
Collaboration with 20 Professional Colleges and clubs
More than 500 participation requests received
The eighth edition has just been launched
Difficulties in coordinating stakeholders
Design very practical training materials and approach
Low motivation in participants due to personal situations after being fired.
Engaging financial entities with the Programme to fund business projects that have followed Speed up Programme.
Potential for learning or transfer
It is an easily replicable program as it would not require a large investment.
Crises increasingly affect different professional profiles and not only low-skilled people.
Important role played by Professional Colleges or Clubs.