about us | newsletter | contact | archive | members area
Anda Todor, AmCham Romania
More attention needs to be paid to the qualitative approach, rather than quantitative»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Ford to open social entrepreneurship hub in Romania

Ford Motor Company Fund, the philanthropic arm of Ford Motor Company, announced that the first Ford Resource and Engagement Center (FREC) in Europe is to be established in Romania, with a focus on social entrepreneurship.

2018-06-15 10:18:00

The FREC Craiova is a collaboration with the Asociatia Pentry Educatie SV Oltenia (EDUCOL), a local non-profit organisation that seeks to maximise training, development and employment opportunities for young people; and with the City Hall of Craiova, which is providing building premises.

Underpinned by a one million USD investment over four years from the Ford Motor Company Fund in partnership with GlobalGiving, the new FREC will act as a social entrepreneurship incubator space where students and recent graduates from the University of Craiova can design and launch innovative and sustainable ways to drive social and economic progress. The aim is to positively impact the job growth, economic potential and quality of life for local residents in the Oltenia region.

The FREC Craiova, the fourth of its kind globally, will also help to bring together local non-profit partners, Ford volunteers, mentors and educational leaders to provide related employability and community programs - helping local residents learn new skills, develop new talents and celebrate community.

In addition to the multi-year agreement signed between GlobalGiving, Ford Motor Company Fund's international grant making partner, and EDUCOL, an additional 100,000 USD grant will also enable the building refurbishment to meet the specific needs of the FREC. Refurbishment work is already underway supported by Ford employees, the City Hall of Craiova, and the academic community of the University of Craiova - with students playing an active role.

Students and graduates will be invited to submit their social enterprise proposals by early September, with the first winning teams being announced in October at an inauguration ceremony. Each team will receive a start-up grant and have access to office facilities at the FREC.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  1038 Views
Daily Info
Transelectrica accelerates investments to increase the energy system safety in Dobrogea

The National Power Grid Company Transelectrica marked the completion of the second stage of the project of rehabilitation of the Station Transformation 400/110/20 kV Tulcea We...

CTP: smart expansion in a growing market

CTP, the most dynamic logistics and industrial parks developer in the country, will soon become a "millionaire" in square meters of premium logistics space. The company experi...

New regulations adopted by ANRE will have a strong negative impact on consumers and endanger 4.500 jobs, says ACUE

The electricity distributors members of the Federation of Associations of Energy Utility Companies (ACUE) are deeply concerned about the negative impact on networks and consum...

President Iohannis: Interconnection projects revealed at Three Seas Initiative summit are a top level political signal

The list of priority interconnection projects presented within the Summit of the Three Seas Initiative is "a top level political signal", on Tuesday stated Klaus Iohannis, in ...

Vodafone to lay off 1,700 service center employees in Romania, India and Egypt

Vodafone, one of the biggest telecom groups in the world, will lay off 1,700 employees from its service centers in Romania, India and Egypt, in this financial year, the group'...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
President Iohannis to hold CSAT meeting on September 4 for budget revision

Romanian president Klaus Iohannis has summoned on September 4 the members of the Supreme Council of National Defence (CSAT) to approve the budget revisions for institutions...

1 Comment

New Government reshuffle in Romania to take place in October

A new reshuffle of the Government is supposed to take place in early October, according to the Socialist-Democrat Party (PSD) Liviu Dragnea. He said that, together with the...

Anca Jurma named interim chief prosecutor of Romanian anti-corruption agency

Prosecutor Anca Jurma has been named the interim chief prosecutor of the Romanian anti-corruption agency (DNA) following an order by the General Prosecutor Augustin Lazar. ...

1 Comment

Ambassador Klemm: Women are directly affected by digital exclusion

Women are directly affected by digital exclusion, US Ambassador to Bucharest Hans Klemm said Monday at the opening of the Digital Romania International Forum.

President Iohannis: Interconnection projects revealed at Three Seas Initiative summit are a top level political signal

The list of priority interconnection projects presented within the Summit of the Three Seas Initiative is "a top level political signal", on Tuesday stated Klaus Iohannis, ...

Black Sea Trade and Development Bank gives 40 million Euro loan to Alpha Bank Romania

The Black Sea Trade and Development Bank (BSTDB) is increasing the availability of financing to small and medium enterprises (SMEs) in Romania with a 40 million Euro SME Fa...

Romanian bank to change name after takeover

U.S. investment fund J.C. Flowers is preparing to change the name of local lender Piraeus Bank, which they acquired at the end of last year from Greek group Piraeus.