Project LEBEBO – portfolio of study materials for young entrepreneurs – reflects the fact that when graduates leave the formal education system a very small minority will start their own ventures immediately. Also there is evidence that the most of individuals who start ventures, particularly in technology-oriented sectors, do not do so until they are in their mid- to late-thirties. Thus, the skills and attitudes associated with innovation and enterprise on which they come to rely as they identify their own opportunity and shape their enterprise around it, are nurtured for, on average, a decade or more after graduation and through authentic experience, gained within the workplace. The majority of individuals, however, are unlikely ever to establish their own venture, but they may be extremely valuable innovators within organisations owned by others.
Young graduates want to establish their own business. Research surveys reveals that 46% of graduates consider a business of one’s own’ an excellent way to get ahead and over 51% of students expressed a positive desire to run their own business. Other papers report that 25% of students have a business idea and that 41% aspire to be self-employed.
Significant part – 63% – of emerging small and medium companies is founded by persons of age of 30 or more. These new starting entrepreneurs often have sufficient practical experience but obsolete knowledge concerning management of modern business. This results in about 30% failure rate of untimely termination of life cycle of established businesses. The aim of the project LEBEBO is to increase the viability, competitiveness and dynamics of newly established enterprises. To meet the aim there is necessary to update as well as to improve the obsolete knowledge of new entrepreneurs with emphasis on new trends. The portfolio of study materials and cases will streamline the process of setting up new businesses and also will provide emerging business opportunities. The emphasis will be given on motivation of young entrepreneurs leading to continuous self-study and endurance to overcome age study barriers.
These tasks will be achieved by increasing new entrepreneurs’ key components of qualifications. Transfer of innovations, information and knowledge will be mediated through book, web application with eLearning courses and teaching texts. Topics of newly produced courses were chosen on the basis of special investigation.
Opportunity to improve their knowledge, competencies and skills will be provided to interested persons due to the strengthening of cooperation between European actors in the field of vocational training. The consortium consists of partners selected across a range of bodies differently focusing on training mediation. It brings together both the universities and business entities from different EU countries.