Introduction of the Young Entrepreneurs Association Hungary (FIVOSZ)
Young Entrepreneurs Association Hungary is the most dynamically developing and most acknowledged youth organisation in the economic sector in Hungary, which provides outstanding opportunities to young entrepreneurs. Young Entrepreneurs Association Hungary has been established in 2008, which is an independent NGO that helps young entrepreneurs and business-minded people between the age of 18 and 35 succeed in business life by giving professional assistance in establishing or spinning off businesses, but at the same time hands on fair entrepreneurial attitude and entrepreneurial culture even at an early stage, therefore FIVOSZ serves as the „young eye of Hungary” – joining the top of the young people in the economic field and reaching thousands of young people at universities. Through entrepreneurial culture, FIVOSZ has not only been establishing but has been defending values in the business life as well, which has and is going to have a positive impact on society and the business culture of future entrepreneurs.
To its members practical help is provided on a daily basis as FIVOSZ has built up a complex system of services to provide professional guidance and support to its members, such as Finding investors, Legal aid, Support in public accountancy, Industrial property rights protection, HR, Marketing, Business angels, Tenders, Loans, Trainings, Incubator houses, Networking, conferences, weekends, workshops, business lunches, etc. The members are informed about opportunities in regular newsletters. Moreover, help is provided by FIVOSZ in specific fields through its committees, which have been set up in the main regions of Hungary.
Through its partners FIVOSZ provides discounts that enable young entrepreneurs to save money, yet be provided quality which results in efficiency even at an early stage of their businesses. Partners include the Ministry for National Development and Economy, Innostart National Business and Innovation Centre, ITD Hungarian Investment and Trade Development Agency, National Association of Managers, Banco Popolare Hungary Bank, Enterprise Europe Network, Aiesec, Association of Central Eastern European Small and Medium Enterprises, etc.
FIVOSZ organises the Young Entrepreneurship Week every year in Hungary in the framework of the Global Entrepreneurship Week international movement. Through these events FIVOSZ helps:
- Bridging the gap between entrepreneurs of today and enterprising young people
- Motivate young people to start their own business and stand on their own two feet
- Promoting fair entrepreneurial attitude and culture
- Hungary’s participation in international events which are addressed to millions of young people
- Finding better solutions together to the challenges of business life
In 2009 the event has been opened at the British Embassy in Hungary by the Ambassador, Mr. Greg Dorey.
We are pleased to have built a constructive, long-term relationship with the British Embassy. A document has been sent about FIVOSZ by the Ministry for National Development and Economy to his Royal Highness Prince Charles during his visit in Hungary.
FIVOSZ has extensive international relationships, has been negotiating with the European Economic Social Committee at Brussels organised by JEUNE about the possibility of having an Ambassador of Young Entrepreneurs. Close cooperation has been developed with UEAPME, NORAPME, and active communication has been going on with DG Enterprise as well.
Furthermore, FIVOSZ has gained full membership to the Association of European Young Entrepreneurs, and represents itself in 2010 at the Kairos Society Annual Meeting which is supported by Bill Gates, Bill Clinton, Phil Condi, etc; this event takes place in New York in April 2010.
FIVOSZ aims to reach its goals through cooperating with the largest associations in the field of economy and business yet keeping its independence. To enable us to organise free of charge events and keep the operation of the Association up, we are looking for investors who are interested in supporting the abovedescribed aims.
So far, FIVOSZ has been financed through the board members’ private companies; however, with the growing number of members, this is no longer sustainable. Therefore FIVOSZ aims to appeal for subsidies for specific topics as available. Furthermore, FIVOSZ is in the process of editing a booklet which contains practical pieces of advice about doing business in Hungary and how FIVOSZ can help young entrepreneurs from the beginning through development and growth.
Partners and programs of FIVOSZ are given publicity in the Hungarian media as well, e.g. articles, television interviews. Investment support is therefore sought after as not only the daily operation but the preparation of the booklet requires finances as well as the aim of keeping trainings, conferences, etc. free of charge. Moreover, to enable FIVOSZ to extend its activity to provide start-up finances to newly established businesses investors are looked for.
FIVOSZ has undertaken a fair amount of work through its aims and activities; yet appreciates that the Hungarian economy is in a difficult situation now, hence, help FIVOSZ gets given is much appreciated.