about us | newsletter | contact | archive | members area
Bogdan Nitulescu, Tremend
Cryptocurrencies volatility is a big problem»
  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  |  1509 Views
Daily Info
Smart city is not a fad, it's a necessity

In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo...

Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers"

"We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u...

Telekom Romania, a strong supporter of Smart City development in Romania

Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society...

In the industrial era, the fight was for finite material resources. Not anymore

Now organizations fight and develop themselves for and around their talent. In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e...

Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania"

Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p...

 
 
   
advertising

advertising

advertising

More on News
President Iohannis urges Romanians to be more united, stay involved in modernizing Romania

Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.

Fondul Proprietatea expresses disappointment over Engie listing rejection

Fondul Proprietatea is disappointed with the decision taken by the majority shareholder of Engie SA, Romania Gas Holding B.V., to oppose the listing of the company, accordi...

Europe must become a producer of new technologies, not just a consumer of technologies, says EC

Europe must become a producer of new technologies, not just a consumer of technologies, said Gerard de Graaf, Director for the Digital Single Market in Directorate-General ...

FDI in Romania rises 10 per cent after ten months in 2018

Non-residents' direct investment in Romania (net FDI) totaled 4.56 billion Euro in January-October 2018, around 10 per cent more compared to the same period of 2017, Romani...

Catrina, MCSI: Romania is ready to roll up its sleeves and work during the presidency of the EU Council

Romania is ready to roll up its sleeves and work during the presidency of the Council of the European Union (EU), said Maria Manuela Catrina, State Secretary at the Ministr...

Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte

Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace a...

1 Comment

ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

1 Comment