1. Young
Entrepreneurs
Team name:
:::Optimus Prime:::
Countries: Montenegro and Algeria
School: University of Montenegro,
University M'hamed Bougara Boumerdes
Mentor: Vulić Vladimir, MA

2. Causes of Unemployment
• The unemployment rate of 18,8% (40,1% for
youth between 15 and 25 years) prove the
fact that unemployment in Montenegro is a
very serious problem.
• There are several reasons for that sate:
Education
Corruption and Nepotism
Not enough foreign
investments

3. Causes of Unemployment
• Based on surveys we came to
conclusion that awareness and
interest for opening new businesses
and working for private business is
very small. 68% of all students in
Montenegro would rather work in
public sector for salary of €450 then
in private sector for much higher
salary (€750)
• This is because of the smaller risk
regardless the smaller salaries they
have but from workers perspective
the salaries are on time and regular.
Source: "Human Capital", UNDP Human Development
Report 2012

4. Causes of Unemployment
• Even if some of them decide to set up a startup, there are a lot of
barriers which cause a withdrawal from market and increase of
unemployment rate.
Some of the main reasons are:
• Buirocracy – too much time is wasted on gathering all the papers
that are needed for establishing a startup
• Risks taking – People are not willing to take any risks, they prefer to
plat safe
• Lack of education - the emphasis are on theoretical knowledge, not
on practice
• Lack of ambition – settling for much smaller then they can do and
that they can really achieve
• Finance problems – financial institutions prefer helping already
established firms and firms that are stabile

5. Fighting the unemployment - NGO
Our suggestion of how to solve this problem is establishing a
NGO that will be focused on youth who are interested in
entrepreneurship but:
• who don’t have a chance to be
shown or start their ideas
• who don’t know whom to proceed
to,
• don’t have an opportunity to create
their own startups/companies,
Giving them support and
educating them to become
more successful in further job
seeking.

6. NGO
• Our NGO would have two
focus groups:
Head of NGO
Youth
Teenagers between 18
and 30 years
students in
students in
elementary
high school
school

7. Teenagers
We would organize the workshops. The main aim of
these workshops is to bring entrepreneurship closer to
teenagers. Workshops will cover the following topics:
characteristics of entrepreneurs business and management
business ethics innovation management
writing business plans

8. Youth between 18
and 30
• This group will be provided with a training in
management and projects realization.
• They would have the opportunity to learn the
required skills for planning and fulfillment of a
project, with local and international trainers.
• We would provide them internships in a local
company (related to their ideas and interests)
• They would have our full support
• Our NGO would organize different types of
competition and few best amog participants
will be granted a support in form of money,
guidence, mentorship and consulting for
opening the startup

9. All youth can get from joining our
NGO!
• Skills that young entrepreneurs can master, and which
will prepare them for cut-throat competition on labor
market
• The possibility to get in touch with domestic and
foreign specialists from all different fields which will
help them when opening a new startups/companies
• Youth that would go trough our programs will be able
to manage risks, resources and information.