Until now, the Erasmus+ for Young Entrepreneurs has been the only programme providing the European youth with the opportunity to learn new business and management skills in other EU countries. But there are business models outside the EU “which are much more developed: China, US, Singapore, Japan, Canada, etc. And if one wants to be on the top, one has to learn from the companies there.” Thanks to Mr Novakov’s vision and efforts, now Europe has ALECO. More precisely, “what ALECO does is to send people outside the European Union to take the best practices of the businesses where they are: Sidney, Beijing, New York, and come back to the Union to implement knowledge.” The pilot project that is due to launch in 2017, at first for only 200 trainees, benefits from a recent approved budget of 700.000 to 800.000 euros. Within this project an interactive platform will be built, to allows debuting entrepreneurs to access information about funding opportunities, investments, and available technology in order for them to launch or improve their businesses. Mr. Novakov also thought about the pragmatic aspects regarding the admission into the programme, thus the procedure would rely on the “existing infrastructures we have got now for Erasmus Young Entrepreneurs to cover the new programme”.
Since the MEP is very much interested in the regional growth in the EU, and he believes in the power of the young people to contribute to the progress of the Union, FEDRA’s Young Regional Ambasssador initiative got his attention. Mr. Novakov decided to join FEDRA’s efforts and accepted to become a member of the Honorary Committee, and a supporter of the Young Regional Ambassador initiative (YRA). It was also settled that some regional initiatives in Bulgaria could benefit from the help of the Federation, and so further steps will be made towards reaching more and more Bulgarian growth actors. FEDRA would like to thank Mr. Novakov his support, and also for sharing his opinion about the present, the future, the threats and the opportunities in the EU.
If you wish to learn about Mr. Novakov’s work, contact his office at: email@example.com