Young entrepreneurs from both banks of the Nistru, supported by the EU

The final conference dedicated to the “Start for Youth” project took place on 22 May 2023 in Tiraspol, bringing together over 60 young entrepreneurs. Since 2020, the European Union, through the EU Confidence Building Measures Programme, implemented by UNDP, has supported 39 business ideas with over €440,000. 

“The European Union recognizes the importance of addressing societal challenges and promoting sustainable practices. Therefore, we have encouraged young entrepreneurs to develop businesses that have a positive impact on the environment, society, and communities. It not only nurtures economic growth but also fosters a culture of responsible entrepreneurship,” stated Magdalena Mueller-Uri, Head of Cooperation at the Delegation of the European Union to the Republic of Moldova.

The new businesses launched or sustained with the support of the EU-UNDP cover a wide range of services and products, such as tailoring services, cooking studios, veterinary clinic, delivery, or food production (biscuits, cheese, wine, vinegar, smoked meat), and industrial manufacturing (furniture, 3D-printed items, eco-friendly bags, or toys).

During the conference, the young entrepreneurs who benefited from grants shared their experience and journey in the business world. 

In the context of the new work realities imposed by the multiple crises, the EU and UNDP have supported the processes of maintaining/creating jobs in sustainable and future-ready economic sectors, while also encouraging young people to choose to stay at home rather than going abroad.

One of these young individuals is Oleg Gorshenev. In 2020, he launched his own business and started producing bicycles and carbon fibre parts for them. “Due to challenging economic conditions, our fellow citizens often face the choice of staying in the country or leaving. I enjoy living in my city. I am a part of this city, of this country. I will work to improve the lives of people in the region. With the grant I obtained, I was able to provide a few jobs, thus keeping three individuals and their families at home. I believe that without the support of my business, even I would have left,” shares the young entrepreneur.

The “Start for Youth” grant competition had two editions. In 2020, 26 young entrepreneurs received funding and in 2022, another 13 were awarded grants.

The Confidence Building Measures Programme, financed by the European Union and implemented by UNDP, contributes to the strengthening of trust between the inhabitants of both banks of the Nistru river, by involving them in joint development projects.