Help young entrepreneurs gain real-life knowledge and skills to start or grow their business through an e-learning platform and student entrepreneurial contest
Through the website www.vallalkozastan.hu, FEA offers online training for entrepreneurs and business students. Subjects include a business plan compilation and a practical introduction to credit applications. There is also access to other training websites, www.fiatalvallalkozok.hu and www.albacourse.com, that offer training on additional topics such as starting a business, taxation, accounting, marketing and online loan application. FEA also offers a print-out book “Vállalkozástan” (Entrepreneurial studies) that complement the on-line course. The aim of these trainings is to transfer practical knowledge and business skills that students may not receive at school. To access the service, users need to register on the website where they receive the materials for the e-learning course free of charge. There is no special software requirement, and the modules can run from an internet browser. The student entrepreneurial contest aims to promote entrepreneurship among students between 14-18 years of age. Participants of the competition get involved in a series of interesting and innovative exercises, e.g. shooting a video about a business idea, simulating a business environment and on-line team games. Thus, the competition realizes the “learning by playing” principle, allowing young students to acquire up-to-date business skills and basic knowledge on entrepreneurship. The competition is organized and managed through the www.diakvallalkozo.hu website.
The investment period was between 2013-2018. The total budget of the program was EUR 166 500 (EUR 61 500 internal costs and external costs up to EUR 101 400) . Furthermore, the 2017 edition of this contest is supported by the Ministry of National Economy and the Prime Minister’s Office.
Evidence of success
On average, there have been 30 learning groups per year, each one attracting 10-12 students. Since the beginning of the project to November 2017, the project has received 1,800 student registrations. Twenty educational institutions collaborate with the platform and issue each student a certification of accomplishment for the courses taken. The first student entrepreneur contest launched in 2013 with 110 teams from 46 high schools; 12 teams made it to the final round.
During the implementation of the practice the following challanges encountered:
- Reaching the target group
- Establishing a cooperation between the experts
- Monitoring of the clients’ feedback
Potential for learning or transfer
The innovative feature of the competition:
• partly managed on-line through the Credinfo system
• interactive and virtual extercises, simulation of a business environment and video of an innovative business idea
• active involvement of the target group
• widely acclaimed and recognized initiative (supported by schools, municipalities, foundations…)