About the project

“Ready for business” (ReforB) project No. LLI-143 has been executed in the framework of Interreg V-A Latvia – Lithuania Programme 2014-2020. Six partners from Latvia and Lithuania have joined their forces to successfully implement project activities in Kurzeme, Zemgale and Latgale as well as Klaipeda, Panevezys and Utena counties.

The overall objective of the project is to facilitate sustainable development of entrepreneurship in cross-border areas through a set of innovative entrepreneurship support solutions and tools. The partners develop and conduct Business Simulation Games imitating real-life situations most newly-established companies face and “Be involved” seminars designed according to the interactive “Get inspired – help – share – analyze” concept. ICT Business Simulator imitating a process of business start-up and development will be launched.

Target groups who benefit from the project are students and recent graduates in business science, young people who have a business idea and/or willing to start their own business and founders of newly-established enterprises.

The project goes beyond the existing practice and is new and original in terms of its integrated approach that incorporates multiple elements: principles of informal game-based learning; main principles of business disciplines; experience of existing entrepreneurs and real-life business cases. The format of the solutions allows looking at entrepreneurship from different angles, thus providing an all-round understanding of it.

It is expected that the project will revitalize entrepreneurship environment leading to the creation of new businesses and workplaces, thus reducing unemployment and facilitating economic growth of the region. It is estimated that 12-15 new businesses will be established as a result of the project activities.

The project lasts for two years: from 01/05/2017 until 30/04/2019.

Total project budget is 467 481.49 EUR (ERDF co-financing is 397 359.26 EUR).

For information: www.latlit.eu, www.europa.eu

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