Q&A

A1: Each selected group will be granted 2,250 € this grant will have 2 purposes:

● Funding the regional peer learning expedition (400€)

● Funding the business development (1,850€)

The grant can be used for first investment for venture development (communication brand, prototype, website development...)

A2: The money will arrive in a private bank account, the beneficiary(s) will be defined with the winning team. The Scholarship will need to be solved by Local Incubator.

A3: To be defined by the Local Incubator. The Local Incubator cannot be beneficiary of the grant awarded.

A4: Yes, as long as the project is led by a group of young people, we can be flexible on the type of entity that will be set as beneficiary.

A5: Of course! This is the all idea behind social entrepreneurship, to develop an impactful sustainable business model. Part of the grant can be used for business development.

A6: It is always better to have a strong group from the beginning of the idea development, to be consistent. But a team can always evolve during the program.

A7: Yes you can, If you can apply with a business plan to get funds from local or international donors we will be happy that you can transform your idea into reality.

A8: It does not matter who is the team leader, man or woman. It is up to you to decide who fits that role best.

A9: It will be a combination, mostly online but we will have some meetings in person, depending on the situation with the pandemic measures.

A10: Yes they can, but they need to elaborate on each and every one of them in the application and only one idea can be developed in the ideation phase.

A11: Yes, if those art festivals have a social impact, ie. if they are trying to do something good, to have a higher meaning. We deal with social innovation and social entrepreneurship, which means that this idea should have some impact on the community, to solve a problem, to encourage progress. If your idea contains such values, then you can absolutely apply.

A12: Hopefully, next year will be at least one opportunity to meet and work with other teams from the region, considering that one of our goals is to enable young people from the region to meet and work together, exchange experiences and so on. If you apply and be selected, you will have an opportunity to work with your local incubator constantly. Considering previous experiences, we think that quality cooperation can be established, but it depends on the motivation of the teams, and dedication of the mentors, as well.

A13: Absolutely. The minimum number of team members is two.

A14: Your idea should have some business plan, some kind of profit, that can be reinvested in the community. For example, some new workshops can be organized, using that profit.

A15: In Balkans, social entrepreneurship is a relatively new concept, but there are some examples of social business ideas:

1. NGO Happy paws (A young organization that deals both taking care of pets and helping street animals. In order to raise the awareness of citizens and citizens. Happy paws started working in 2015. Beginning in a small house with only one dog, they spread out at the available 300 square meters and brought in more lucky pets and found them home all around the world. Soon this area becomes small, so the project is spreading to 10,000 square meters, on the countryside of Podgorica, more precisely in the village of Steke, 7 kilometres from the city, then they created an official website, in order to find them homes quicker and to get the help of more people, as well as educating young people and through workshops approaching children and show them that pets are indeed the people's best friends.
2. Seljak.me – The first Montenegrin digital village. The site was established with the aim of networking both farmers among themselves and with potential consumers. The most important tool in agriculture is information, so the site provides the fastest flow of information and they provide products directly from the farm.

A16: Considering the RISE Journey guidelines, the age limit is 18-35 years old. Outside of that criteria window, we can not qualify the entrepreneur to proceed with the next steps. Nevertheless, this does not mean that you can not be part of the team.

A17: Sadly, you can not apply with the idea of the already started business. In order to be part of the Call for Applications, you should have an idea that has not been developed more than just the initial steps. But, on the other side, if you have another social business idea, usually entrepreneurs have many of them, you are invited to apply.

A18: In order to develop at best your social business idea, participation in all the workshops and training sessions is necessary. Also, not participating in all the workshops shows lack of commitment, one of the important points at the Call for Application guidelines. Nevertheless, you can coordinate with your teammates so at least one of you can attend the workshops and transmit to you all the progress made during that time.

A6: It is always better to have a strong group from the beginning of the idea development, to be consistent. But a team can always evolve during the program.

A6: It is always better to have a strong group from the beginning of the idea development, to be consistent. But a team can always evolve during the program.

A21: Ideas and activities can be in different sectors. There are no restrictions.

A22: Only those initiatives that have a social aspect and that are at the beginning of the activity.

A23: You will be notified of the results after 7-10 days from the closing of the competition.

A24: The first activities will start during the first 2 weeks of October and the first activities will be Meet-Up where we will all officially meet and present the next steps of the program.

A25: Yes, if the person who is the team leader is over 18.

A26: This is also something that depends on the situation with the COVID-19. It is planned that training sessions will be held twice a month while meetups would be held once a month and a half. In addition, between training sessions, the teams would have homework to pass and practise what they learned in training and would also have a meeting with a mentor once every 10 days.

A27: The first phase of the program lasts from early October to late January when a Demo Day is held where teams present their ideas and solutions to the expert committee. If the team goes further on Demo Day, it will enter the Incubation Phase, which lasts from February to June 2021. If the program is held live, the training sessions will be conducted in venue of the Local Incubator. On the other hand, if the program is held online, the idea is for the MeetUps to be held live, also in venue of the Local Incubator.  During the 4 months of the Ideation Phase, 3 MeetUps are planned. 

After the selection of participants and in accordance with their abilities and daily schedules, we will try to find a common solution that would suit everyone, but we still cannot guarantee whether the training sessions will take place on weekends or weekdays. It is also a question that depends on the further development of the COVID situation and whether the program will be held online or live.

A28: Unfortunately not. Starting a social enterprise as well as a traditional one requires a lot of time, energy and motivation, so it is unsustainable for one person to present the entire program on their own. Also, more people in the team open more space for creativity, different perspectives and the exchange of ideas that is necessary for an idea to grow and develop.

A29: The challenges you want to work on and finding solutions that will contribute to solving that problem are the activities planned for the Ideation Phase. In that sense, you should not come up with a detailed plan, but you should state in a nutshell - what problem you want to work on, the potential solution you see for that problem and how to make that solution sustainable and profitable.

A30: All activities that aim to solve or a new approach to a social/environmental problem can be the subject of investment - from agriculture to educational programs. Activities that are not conducted by a social/environmental mission cannot be financed, nor can activities that aim only to achieve personal financial gain.

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