UN Industrial Development Organization
UN Industrial Development Organization UNIDO’s “Productive Work For Youth In Armenia” project advocates and promotes job creation and employment through productive activities, thus leading to poverty reduction and economic development Productive ...
UN Industrial Development Organization

UN Industrial Development Organization

UNIDO’s “Productive Work For Youth In Armenia” project advocates and promotes job creation and employment through productive activities, thus leading to poverty reduction and economic development

Productive Work For Youth In Armenia At A Glance

Goal:

Support young entrepreneurs, and especially young families and women

MDG:

Achieve full and productive employment and decent work for all

Thematic Area:

Poverty Reduction through Productive Activities

Donor:

Government of Austria

Government Counterpart:

Ministry of Economy

Project Implementing Partner:

SME Development National Center

Project Partners:

Ministry of Territorial Administration

Regional Administrations of Shirak and Lori Marzes

Project Duration:

44 months

Project Pilot Sites:

Lori and Shirak marzes

THE BENEFICIARIES

While paying special attention to young families and young women, the Project will directly benefit youth start-up entrepreneurs aged 18 to 35 years. It is expected that over 300 potential and existing young entrepreneurs (of which 50% women) will receive tailored entrepreneurship training, and that up to 80 youth-led businesses and start-ups will also receive access to funding via the Armenia Youth Entrepreneurship Fund, pay back their loans and that at least 55 of them will continue to grow, thus creating even more jobs for young people.

Realistic and clear business idea, its profitability, innovation and growth-orientation are the main criteria for selecting the young entrepreneurs. ‘Innovative’ is to be understood in a broad sense: it applies to all goods or services that create new markets, either in a new region and/or for new target groups.

For more information on this project, please contact: armeniayouth@unido.org

For more information about UNIDO, please email: communications@unido.orgwww.unido.org.

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