Invent it, bank it

Project context: The EU promotes entrepreneurship as a key competence that can boost competitiveness and growth.  It has highlighted the importance of advancing European entrepreneurial culture by fostering the right mindset and entrepreneurship related skills in the Europe 2020 strategy.
Encouraging entrepreneurship is particularly important to face challenges related to high youth unemployment rates in the most European countries. This project wants to offer ways for young people to emerge from unemployment by entrepreneurial activities.
They are the backbone of future economic development and play important role for employment, income and societal changes. While governments are focused on looking at framework and strategies to creating new jobs and increasing employment rates, we are focusing on building the sense of initiative and encouraging  entrepreneurship among young people.
“Invent it, Bank it” is a transnational youth exchange that initiates fostering entrepreneurial mind-sets and exchange of knowledge and skills. Today many young people are with the mindset of ‘take as much as you can’. That kind of mindset creates scarcity and poverty. Believing that they are poor, the young people aim is not to create, but to take. The main aim of the project is to change this mindset into “creating a new value” and exchange ideas and resources among young people across participating countries.  We are aiming to support learners in the acquisition of learning outcomes (knowledge, skills and competences) with a view to improving their personal development, their involvement as considerate and active citizens in society and their employability in the European labour market and beyond. To underline those entrepreneurial skills we will also help young people adapt to other career paths and to intercultural working environment, especially with nowadays migration rate in Europe.

To achieve the above mentioned, the main objectives are to:
1. Raise awareness and instill the spirit about the sense of initiative and entrepreneurship.
2. Exchange knowledge and gain practical skills needed for start-ups through peer learning.
3. To give youngsters proper motivation, information and space in order to exchange ideas, thoughts and strategies that may lead them to become more productive members of their communities using the social entrepreneurship as a model.
4. To highlight the fact that there is not enough action in this field at both national and European level and therefore encourage youngsters to think about suggestions for positive change.
5. To create concrete business start-up plans through team work of the young participants, in a multicultural environment, through the use of non-formal education methods.

Dissemination report
Download here.

  • Programme and action:

    Erasmus+ KA1 youth exchange

  • Dates:

    13.07.2017 - 21.07.2017

  • Venue:

    Trakai, Lithuania

  • Number of participants:


  • Participating countries:
    • Estonia
    • Hungary
    • Lithuania
    • Macedonia
    • Romania
    • Slovenia