New Business Ideas In Ijevan
A business plan presentation of  by the participants of the "Productive Work for Youth in Armenia" programtook place in Ijevan. 16 of 18 participants submitted their business plans. They ...
New Business Ideas In Ijevan
A business plan presentation of  by the participants of the "Productive Work for Youth in Armenia" programtook place in Ijevan. 16 of 18 participants submitted their business plans. They participated in "Successful Start" free-of-charge training ,which is a special start-up support tool of  SME DNC of Armenia. 
 
Business ideas were pitched in various industries such as: smart shoes, bakery products and pastry production, internet club, poultry farm, beauty salon, entertainment club, guest house, resort, hippodrome, child development center, greenhouse, planting agricultural products wholesale base and traditional dance school. 
   
The training was organized by UNIDO in association with SME DNC of Armenia, and implemented with the financial support of the Austrian government.  It aims to support the creation and expansion of businesses of young entrepreneurs aged 18-35 who live in the regions, thereby contributing to the reduction of youth unemployment and the inclusive and sustainable industrial development. 
 
The main criteria for the selection of business plans is the feasibility and clearly defined business idea, which has to be innovative and have the growth potential and ability to create new jobs. Start-ups involved especially in manufacturing and IT sectors are priority.    
 
The program consists of a comprehensive approach, combining financial and non-financial support instruments.  First phase of the training is "Successful Start" training, which is designed to help the young entrepreneurs participating in this free-of-charge program to develop business plans. The most viable plans may be eligible for financial assistance through affordable loans. After disbursement of funds for at least a year start-up receives a free consultation and comprehensive business tools necessary for the formation and development of individual job training, marketing, management of financial flows, food safety and other areas.