The Federal Ministry Of Development, Entrepreneurship And Crafts and the Institute for Youth Development KULT signed a collaboration Agreement on promoting youth and womenâ€™s entrepreneurship. The contracting parties saw the inevitability of establishing a partnering dialogue with the objective of solving issues in the youth and womenâ€™s entrepreneurship sector and implementing legal acts and incentives in youth and womenâ€™s entrepreneurial accomplishment.
Current problems and needs preventing further development in youth and womenâ€™s entrepreneurship, and which request a collaboration between the government and the non-government sector, are primarily reflected in the following:
1) Need for constant promotion of FBiH government choice policies for consistent support and incentives to youth and womenâ€™s entrepreneurship.
2) Need for amendments in general and specific criteria on manner and procedure of fund allocation in youth and womenâ€™s entrepreneurship projects.
3) Youth, including youth organisations and the public, are underinformed on measures the FBiH government is taking in order to improve youth entrepreneurship.
The programme aims to create a basis for a sustainable youth and womenâ€™s entrepreneurship development in FBiH, through self-employment incentives for youth and women and a grater and easier involvement in entrepreneurship and new vacancies.
The collaboration reflects in creating an environment directed towards establishing and improving institutional care mechanisms for youth and womenâ€™s entrepreneurship in BiH.
The Ministry has thus far provided full support to youth, especially through financial support for start-up businesses with entrepreneurship as a solution to the unemployment issue. By signing this agreement, the Federal Ministry Of Development, Entrepreneurship And Crafts fully supports the activities of the Institute contributing the youth-intended processes and programmes development.