Who are we?

VALUE OF FAILURE

There is a clear economic and social rationale to promoting a second chance for failed entrepreneurs. First and foremost, businesses set up by re-starters grow faster than first timers in terms of turnover and jobs created and approximately one fifth of all successful business people failed first time round. Secondly, most of the time, business failure is not due to the incompetence of the entrepreneurs. Thirdly, Europeans as a whole are relatively risk-averse, especially compared to countries such as the USA. Value of Failure seeks to kickstart the development of a comprehensive and integrated international approach to second chance entrepreneurs by constructing tailormade training and support for them and mainstreaming it across relevant stakeholders at regional level.

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Creating Connections

In order to do so we will firstly create three Regional “Second Chance Entrepreneurs Alliances”. This new strategy involves bringing together stakeholders in enterprise education and economic development – such as Universities and Colleges, VET providers, Enterprise Development Agencies, Local Governments, Banks, and Chambers of Commerce – to jointly contribute to sustainable cultural and institutional change towards business failure. This will be achieved in a “top down” strategy via dialogue, exchange of best practice and construction of a common agenda for action. This type of Alliance has never been used before in Europe and once stakeholders are aware of the changes needed, they will be in a position to work together, pooling resources to make effective and cost effective improvements in services.   We will systematize the process and lessons learned in the form of a SEAL Toolkit, which will be published and actively promoted as a means of replicating the Alliances in other regions.

Starting Again

As a first concrete outcome of the collaboration espoused by the Alliance, we will then develop, test, publish and promote a dynamic “Value of Failure Enterprise” training course directly targeted at graduates and second chance entrepreneurs.

Specifically, the content of the course itself will be innovative:

  • It closes the gaps between information needs and existing support infrastructures
  • It is based on innovative pedagogic strategies and learning approaches such as the flipped classroom model, improved learner integration and the story-based learning approach.
  • It is based on the principle of collaboration for mutual advantage
  • It promotes innovation through fostering the chance of successful re-starts.
3
Regional Alliances
40
Entrepreneurs trained
250
Pledges signed
12000
Visitors

By 2016, with your help, we will :

IMPACT

Attitudes

Start changing minds towards business failure, eliminating negative social perceptions and stigma towards honest business failure.

Education

Work with Higher and Vocational Education Providers to ensure that Business Failure and its consequences is taught as part of all enterprise courses.

Finance

Educate Banks, Micro Credit and Finance Providers that people who have failed in business before are statistically a better risk than first time start-ups

 

Outputs

01-pledge

02-toolkit

03-actionplan

04-training

Meet the Team

Meet the Team

Value of Failure is delivered by a cross-sectoral partnership led by University Szczecin (Poland), known for its commitment to collaboration as a means to pursuing excellence. They will be joined by Enterprise Northern Ireland (UK) the primary Enterprise Education Organisation in the Northern Ireland region of the UK specialising in VET training and regional economic development programmes. The Visionworks (Germany) are a specialised business start-up consultancy, whose practical and holistic approach to enterprise training is reflected in highly successful online learning platform “Univations Academy”. The partnership is completed by Canice Consulting (UK), an international consultancy in the field of business VET with a growing specialism in digital learning and online marketing and Creo Mind (Poland), whose Director is a recognised authority in Entrepreneurship education and new pedagogical approaches.

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