1. Rural Youth Entrepreneurship Programme European Union European Regional Development Fund

2. NI Rural Development Council (Lead Partner) Partner (NI): The Advantage Foundation Partner(Greenland): Qeqqata Trade and Industrial Council Partner (Faroe Islands): The Research Centre for Social development Partner (Finland): Kajaani University of Applied Sciences Partner

3. Aims to contribute to local, regional, national and transnational rural economic development by stimulating latent entrepreneurial abilities among young people in Northern Ireland, Faroe Islands, Finland and Greenland. Through transferring and adapting a successful urban enterprise programme into the rural communities by developing a bespoke ‘Rural Young Entrepreneurs’ programme (RYE) using an innovative and creative online methodology. The up-skilling and outreach involved should increase the potential of young peoples’ entrepreneural ability in the target rural areas. In turn, this will help facilitate the development and sustainability of more vibrant indigenous rural businesses. Rural Young Entrepreneurs ( RYE)

4. Overall project aim is to create an innovative online Rural Young Entrepreneurs model/service/product for developing youth enterprise skills and business start rates in Rural areas.

5. Funded by Interreg Northern Periphery Programme (funding across all partner areas) Total budget of approx. euro. 900,000 December 2011 – March 2014

6. Outputs

7. Where are we now? Completion of Work Package 2 – “Context Mapping” Start of Work Package 3 – model design

8. Reason: Clarify idea Prepare them for business plan & business start Business Action Plan includes: Market Customers Products & Services Costs & Pricing People Reason: Further Development Highlight potential high growth areas Methods include: Growth sectors Research & Guidance Mentoring Int. Networking Local Support Reason: Inspiration Challenge (“Can I be an entrepreneur?”) Understanding Methods include: Role models Motivators ‘Day in life’ features Forums Reason: Promoting the choice of enterprise Culture change Awareness of programmes Methods include: 3rd party agencies Direct Marketing Media Social Media Workshops Web Based Interactive Tool / Backend Support Signpost for further development Checklist #1Business Action PlanChecklist #2Register for programme Model of Delivery

9. Interactive Web Service Peer to peer mentoring Group work / forum discussions General mentoring Dedicated / specific / tailored info Instant access Ownership Business assessment tools

10. ‘The Website’ An information resource covering: Forum (Peer to Peer mentoring) Business Information Bank Video case studies Examples of methods moving traditional industry Information factsheets Growth Industries Explained Mentoring