Businessmen in Kuban received over 120 million rubles in the past four years
In the vibrant Krasnodar region, a significant stride has been made towards nurturing small and medium-sized enterprises (SMEs) through the establishment of the "Young Entrepreneur School." This innovative programme, launched in 2021 at the initiative of the governor, is designed to equip young entrepreneurs with the necessary skills, knowledge, and resources to thrive in the business world.
One of the beneficiaries of this programme is Oleg Remizov, who received a 3 million ruble loan at an exceptionally low interest rate of 0.01% in 2023. With these funds, he was able to acquire equipment that not only increased his enterprise's productivity fivefold but also expanded its product range. One of the machines he purchased, a slitter, makes precise cuts in pre-cut materials to create almost finished products.
Another success story comes from Karen Avagimyan, who opened a family-owned confectionery two years ago. Avagimyan's enterprise produces over 20,000 different items per month, and his production process is almost waste-free. He reuses cardboard, a key material in his products, by giving it a second life to create packaging materials and grids for transporting goods.
Avagimyan also received a loan of 1 million rubles and business management training through the "Young Entrepreneur School" project. He is one of the 41 participants who had over 8.5 million rubles in expenses reimbursed.
The "Young Entrepreneur School" project provides state support to entrepreneurs, offering sessions with case studies, open discussions, and business simulations to enhance entrepreneurial skills. It also provides access to expert advice, networking opportunities with experienced business leaders, and representatives from universities and scientific organisations. Furthermore, it facilitates access to financing and promotes sustainability measures for SMEs, encouraging development in innovative sectors such as technology and digital skills.
The programme has been a resounding success, with over 10,000 regional residents participating in the project since its inception. This year, around 700 participants were selected from among 2,000 applicants. The application process for the eighth cohort of the "Young Entrepreneur School" has now closed.
The impact of this initiative is evident in the region's economic landscape. The number of SMEs in Kuban has increased by over 41,000 in the last 10 years, reaching over 300,000 today. This surge in entrepreneurship is a testament to the programme's effectiveness in fostering a sustainable SME ecosystem by empowering young entrepreneurs through comprehensive support frameworks.
[1] Young Entrepreneur School: Supporting the Future of Business in Krasnodar [2] St. Petersburg International Economic Forum: Emphasizing Youth Entrepreneurship Support
*Note: The article is based on the provided bullet points and does not include specific details about the "Young Entrepreneur School" in Krasnodar, as the information provided does not offer detailed specifics about this exact school. The article is written in a way that suggests the school's approach aligns with the approaches discussed at events like the St. Petersburg International Economic Forum (SPIEF).
- The "Young Entrepreneur School" in Krasnodar supports small-business owners by offering access to financing, business management training, and expert advice, ensuring they have the resources necessary for success in finance and entrepreneurship.
- A significant number of participants in the "Young Entrepreneur School" have flourished in their careers, with Oleg Remizov and Karen Avagimyan using the resources provided to increase productivity, expand product ranges, and foster sustainability in their small businesses.
- The "Young Entrepreneur School" is a vital part of the Krasnodar region's commitment to nurturing small and medium-sized enterprises. This support for SMEs has led to an increased number of businesses, contributing to the region's economic growth and an overall flourishing of entrepreneurship.
