Failure is part of the innovation process. Elon Musk, Jeff Bezos or Steve Jobs – they all failed with at least one project during the course of their career, yet they founded billion-dollar businesses. The key is to get up again after failure and setbacks.
The EU funded project DanubeChance2.0 supports failed entrepreneurs in the Danube region to start a new business after bankruptcy. One aim is to improve the policy framework and conditions for second-chance entrepreneurship in the Danube countries. In a multi-actor policy learning dialogue between policy makers, research institutes, universities and companies struck by bankruptcy new concepts shall be elaborated to this end. Another aim is to better prepare second-chance entrepreneurs for their new venture. The project will deliver a 130 hour training programme and provide business acceleration support for approximately 60 entrepreneurs whose first projects failed. A transnational pool of experts will offer mentoring for second-chance entrepreneurs, even after the project ended.
Altogether, the activities of the project shall positively impact the climate for second-chance entrepreneurship in the Danube area and unlock its great economic potential.
DanubeChance2.0 is coordinated by IFKA, Public Benefit Non-Profit Ltd. for the Development of Industry. 17 partners participate in the project. Steinbeis 2i GmbH is responsible for the development of the first “Second-chance Entrepreneurship Community Strategy” for the Danube Region.
Participating countries: Austria, Belgium, Bosnia and Herzegovina, Croatia, Germany, Hungary, Italy, Moldova, Romania, Serbia, Slovakia, Slovenia and Ukraine.
