BOLD Economic Development Program in bulletpoints

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Impakt Investment Foundation was one of the partners of the Embassy of the United States in the implementation of the BOLD program and the activities were aimed at strengthening the capacity of young people in Bosnia and Herzegovina in the field of entrepreneurship and project management.

We held 7 information sessions in which over 170 young people from all over Bosnia and Herzegovina participated. In addition to information about the program, how to apply for the workshop, information workshops were dedicated to the entrepreneurial process, how to generate ideas, the contribution of the project and business to local economic development and discuss opportunities and resources to implement business or project ideas in certain local communities. Beside representatives of the Impact Foundation, the workshop was attended by the Attaché for Culture and Education of the US Embassy Holly Zardus, who presented the BOLD program and the opportunities that program provides to young leaders in Bosnia and Herzegovina.

26 young people from all over Bosnia and Herzegovina participated in the program capacity building of youth leaders in the field of entrepreneurship and project management. Training itself was opened with a video message by Ambassador Erick Nelsson. After each day of training, the young people had mentoring sessions with experts from the foundation, but also with Mr. Emir Nurkić-Kačapor from the I4DI Institute in the United States. Through these workshops, we have certainly contributed to the improvement of economic development and entrepreneurial capacities of young leaders, we have improved their mutual cooperation and expanded existing networks of acquaintances.

Following the Capacity Building Program for Youth Leaders in the Field of Entrepreneurship and Project Management, Impakt Investment Foundation provided mentoring support in the development of 10 project ideas / proposals for the BOLD grant. During the mentoring sessions, there was a need to organize training in Marketing and Finance, and in August 2021. held a two-day training where one day was coverring the topic of marketing and sales skills, and the other day was dedicated to the tax system in Bosnia and Herzegovina, indirect taxes, direct taxes and other parafiscal and fiscal fees for entrepreneurs and other relevant information in terms of taxes the entrepreneur should know and be aware.

In order to provide BiH young leaders with an accessible and reliable source of basic knowledge and skills in PCM, we have created an e-learning platform for a project cycle management course https://pcm.impakt.ba/. The course is tailored to individual and self-paced learning, where participants have the freedom to learn whenever they want, at a pace that suits the individual best.

Each module contains an pre and post test where they have the opportunity to monitor their knowledge and check the accuracy of what they have learned. In addition to tests, the modules contain tips and notes. Through the modules, participants can follow the development of the project, and through examples they will have the opportunity to better understand the theoretical parts of PCM.

The course is free and you can apply by sending an e-mail to podrskasarajevo@impakt.ba where we will provide access data for attending the course.