Yuzz , Young entrepreneurs (pre-seed) Program
Published on 31 May 2018
Spain
Andalucía
This is the good practice's implementation level. It can be national, regional or local.
About this good practice
Young people selected to partipate in the YUZZ Program will have support, training and advice aimed at facilitating the development of a business project based on the ideas proposed and eligible for the prizes provided in the Call. Santander YUZZ Program is develop in parallel in Argentina, Portugal and Spain.
Program features:
1.Personalized advisory: each participant will be assigned an individual tutor with experience in the business world who will advise and support throughout the process of creating the business plan
2.Coworking space: they will have access to a physical space in the facilities of the collaborating entities where the participants can work and favour the exchange of knowledge
3.Training workshops: participants will receive training sessions in business management, creativity and innovation given by the pool of YUZZ experts, a network of more than 200 professionals
4.National networking event: a great event is organized. It concentrates in one day the entire YUZZ community with an agenda full of sessions of experts and entrepreneurs, challenges and competitions
5.Travel to Silicon Valley: a jury will choose the best project develop in each YUZZ Centre. The winners will have the opportunity to travel a week to Silicon Valley, California, to meet the leading international benchmark in innovation
6.Monetary award: The best three projects will receive a financial envelope for the development of its business projects (10|20|30k€)
Program features:
1.Personalized advisory: each participant will be assigned an individual tutor with experience in the business world who will advise and support throughout the process of creating the business plan
2.Coworking space: they will have access to a physical space in the facilities of the collaborating entities where the participants can work and favour the exchange of knowledge
3.Training workshops: participants will receive training sessions in business management, creativity and innovation given by the pool of YUZZ experts, a network of more than 200 professionals
4.National networking event: a great event is organized. It concentrates in one day the entire YUZZ community with an agenda full of sessions of experts and entrepreneurs, challenges and competitions
5.Travel to Silicon Valley: a jury will choose the best project develop in each YUZZ Centre. The winners will have the opportunity to travel a week to Silicon Valley, California, to meet the leading international benchmark in innovation
6.Monetary award: The best three projects will receive a financial envelope for the development of its business projects (10|20|30k€)
Expert opinion
The YUZZ programs presents several interesting characteristics for a pre-seed program, which make it potentially interesting for other regions:
- It can be implemented with a limited amount of fixed costs – provided the necessary network of professionals is available! – while having the potential for leveraging further resources;
- It is a good example of a public-private partnership aiming at supporting entrepreneurship;
- It builds on modern models and training methodologies (Lean Startup);
- It has the potential to cluster regional private and public resources dedicated to entrepreneurship support.
- It can be implemented with a limited amount of fixed costs – provided the necessary network of professionals is available! – while having the potential for leveraging further resources;
- It is a good example of a public-private partnership aiming at supporting entrepreneurship;
- It builds on modern models and training methodologies (Lean Startup);
- It has the potential to cluster regional private and public resources dedicated to entrepreneurship support.
Works at
Interreg Europe Policy Learning Platform
Resources needed
Economic resources: The minimum amount required for the development of the Program is 10k€ (training, mentoring, travel and awards)
Marerials&facilitities: The space must be equipped with the necessary furniture and equipment for 20 projects with 2 promoters each.
Human: 1 half-time coordinatior
Marerials&facilitities: The space must be equipped with the necessary furniture and equipment for 20 projects with 2 promoters each.
Human: 1 half-time coordinatior
Evidence of success
SANTANDER YUZZ PROGRAM has been awarded as the “Best European Practices Supporting Youth Self-Employment” award.
http://www.cise.es/europa-premia-al-programa-santander-yuzz-como-mejor-iniciativa-para-el-autoempleo/
http://www.cise.es/europa-premia-al-programa-santander-yuzz-como-mejor-iniciativa-para-el-autoempleo/
Potential for learning or transfer
Thanks to the training and methodology applied from the Lean Startup, the participants can take advantage of the knowledge at the moment they acquire it and subsequently, given the transversal nature of the training.
On the other hand, a program of this magnitude is, in the case of the University of Murcia, integrated within the global employment strategies of the Center for Guidance and Information to Employment (COIE), and it is important that it is not carried out in isolation, But within the training and accompanying axis of other services of university employment insertion.
On the other hand, a program of this magnitude is, in the case of the University of Murcia, integrated within the global employment strategies of the Center for Guidance and Information to Employment (COIE), and it is important that it is not carried out in isolation, But within the training and accompanying axis of other services of university employment insertion.
Further information
Website
Good practice owner
You can contact the good practice owner below for more detailed information.
Organisation
Banco Santander
Spain
Andalucía
Contact
Director