The project is supported by Iceland, Liechtenstein and Norway through the European Economic Area (EEA) and the Norwegian Regional Cooperation Fund in the amount of EUR 1.8 million (nearly HUF 660 million) of which nearly 40 percent can be spent on domestic goals.
The international consortium will primarily train women entrepreneurs and female angel investors, as well as develop curricula and create an online platform to build their community.
Supporting women businesses is timely because the coronavirus epidemic has had a particularly negative impact on sectors with a higher share of companies owned by women. According to the International Trade Center’s SME Competitiveness Survey, 64 percent of women-owned businesses worldwide say the crisis has hit their 2020 performance hard.
As the project aims to respond to real problems and needs, the first step is a regional assessment via an anonymous questionnaire that will cover Hungary as well.
Based on the feedback so far, curricula will be developed in the form of various trainings focused on business and management as well as skills development. All materials and networking events will be free of charge.
The project website is in English, but all surveys, events, curricula and trainings in Hungary will be available in Hungarian.