The project supports young entrepreneurs from Cluj and, at the same time, is engaging the community to be aware of the important role successful entrepreneurship plays in the economic development of a society.
“Drive Your Community for Better” offers to young entrepreneurs basic knowledge of financial education and behavioral economics, knowledge which contributes to the development and financial stability of business in their start-up phase. The project developed within the period June-November 2014.
15 young entrepreneurs took part to financial education workshops, organized on the following directions: obtaining funding (funding platforms, attracting investors) and financial planning and investing (creating a financial plan, calculation of break-even budget, using cash flow). Moreover, the entrepreneurs also take part to a behavioral economics workshop focused on elements of irrationality in decision making. Some of the entrepreneurs participating in the project received funding for small start-up investments.
“Drive Your Community for better” project is funded exclusively by individual donors, people who believe in the value and importance of entrepreneurship. Approximately 150 people chose to support Danis Foundation’s project, through 2 initiatives in mobilizing resources. One of the initiatives consisted of a fundraising event organized by Danis Foundation as a test drive, in partnership with Toyota Cluj-Napoca and Tokyo Japanese Restaurant, attended by entrepreneurs and managers from Cluj. The second initiative was to enroll the project to Swimathon Cluj, a fundraising event organized by Cluj Community Foundation. At Swimathon, the project was supported by 7 swimmers, who in turn were supported by friends, family and acquaintances who have contributed financially to the development of entrepreneurship in Cluj.
