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The establishment of Ynbusiness
![Country flag flag](/themes/custom/interreg/images/flags/nl.png)
About this good practice
YnBusiness was established in response to the growing need for specialized support for businesses, particularly small and medium-sized enterprises (SMEs), in the Friesland region of the Netherlands. Moreover, it could help the policy makers to get more insights in the practice of the work field and the Frisian Economy.
YnBusiness aims to boost regional economic growth, enhance competitiveness, and create employment opportunities. Their primary objectives include:
- Business Development Support: Offering guidance to new and existing businesses to help them navigate the complexities of starting and growing a business.
- Access to Funding: Assisting businesses in identifying and securing funding opportunities.
- Networking Opportunities: Creating platforms for businesses to connect, collaborate, and share knowledge.
- Skill Development: Providing training and resources to enhance the skills and competencies of business owners and their employees.
- Services offered: advisory, workshops and training, mentorship programs and facilitating a resource center.
By fostering entrepreneurship and supporting business growth, YnBusiness has contributed to job creation and economic diversification. Over time, YnBusiness has likely evolved to address emerging business trends and challenges, such as digital transformation and sustainability.
Resources needed
500.000 euros in subsidies from the province of Friesland and foundation FB Oranjewoud
--> Started with 5 full-time equivalents.
Evidence of success
- Setting up networks, giving specialized workshops, connecting the right partners, making financial funds more accessible, innovation tracks, business boosts.
Examples: CircoHub, Smart industry hub, Konnect, PGO Netwerk Noord
--> 9361 conversations and 3969 connections with SMEs
- Creating a source of knowledge for the policy makers
- Getting broad insides in the ambitions, needs and challenges of the Frisian SMEs
Potential for learning or transfer
Since its proved success for both the growth of SMEs and the knowledge of the policy makers, YnBusiness makes a great inspiring example for other regions to tackle the challenges around the white spots in the work field. The success of their first line approach and the flexible way of working for business support, community building and economic development, provides a robust framework that can be tailored to meet the unique needs of different areas. This adaptability, along with a strong evidence base and a focus on sustainable SME growth, ensures that the YnBusiness model can be effectively implemented in diverse contexts to drive regional economic development and innovation.