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Scheme aims to increase business awareness in students

The Flanders Government has approved a 2.5 million euro scheme to support bridging projects between the economy and education, from primary schools through to universities.

The aim is to stimulate the level of entrepreneurship among young people after research showed that some seven per cent of Belgian school-leavers think about setting up their own business within three years of leaving the education system. In the US, the figure is three times higher.

Under the scheme, relevant projects involving schools and businesses will be considered for support grants to a maximum of 250,000 euro each or 50% of the total cost of the project concerned. A competition system will rank qualifying projects for the grants and the support funds will be divided on this basis.

Reported by
17 April 2003

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