The funds from the Entrepreneurial Fund for Youth, provided by the Municipality of Novi Travnik and the Institute for Youth Development KULT, with the support of the Embassy of the Kingdom of Sweden in BiH, were used to support the launch of 4 businesses of young people in this municipality.
The contracts, worth a total of 35,000 BAM, which will allow youth to start their business, were signed on April 19, 2019. The funds were awarded to young people starting craft businesses including making laminate furniture, baking pastries, welding and starting a farm.
The Municipality stated that this is one of the measures they are implementing to improve the business climate for young entrepreneurs. The goal of the Entrepreneurial Fund is provide youth with every type of support they need, to ensure that their businesses are sustainable and able to generate jobs for other young people.
The Entrepreneurial Fund for Youth uses joint funds of the local self-government units and the Institute for Youth Development KULT, with the support of the Kingdom of Sweden, to support the development of entrepreneurship and employment of young people from 8 municipalities and cities, and the City of Cazin is one of the communities that decided to take part in the project.
The total amount of funds in the Entrepreneurial Fund for Youth is 400,000 BAM, which will be used to support 50-100 youth-owned businesses. So far, the Fund has supported businesses in the Municipality Stari Grad Sarajevo, Municipality Jajce, Municipality Novi Travnik, Municipality Centar Sarajevo, Municipality Modriča, City of Cazin and City of Trebinje.
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