March 2008 • Newsletter #008

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In this Months Newsletter...

Establishing YES Incubator branch in Tetovo

We proudly announce you that on 27th of February at the South East European University in Tetovo (www.seeu.edu.mk), three lateral agreement was signed for starting a pilot project for opening a branch of the Youth Entrepeneurial Service Business Incubator in Tetovo.

#The agreement was signed among Vladimir Milcin, CEO of the Foundation open society institute of Macedonia (www.soros.org.mk), the rector of the SEE University Ajladin Abazi and Torkel Ystgaard, CEO of the Youth Entrepenurial Service Foundation (www.yesincubator.org.mk). The pilot project is part of the YES Foundation's long-term strategy for expanding its activities and building the entrepreneurial spirit among the youth all over the country.

The goal of this project is stimulating the entrepreneurial spirit and support building new busines among the youth, not just at the University, but in Tetovo and Gostivar area.

Credit line for the tenants of the YES Incubator

According to its strategic priorities, Foundation Open Society Institute Macedonia (www.soros.org.mk) decided to support a credit line for start-up businesses. These credits will be aimed just for the tenants of YES Incubator that are SMEs with entrepreneurial ideas established as legal companies in Macedonia. The credits will be approved for fixed or current assets or combined.
The maximum value of the credit will be 15.000 euro or 900.000 denars with a payment period of 3 to 5 years with possibility for a grace period included.


Grant fund for the tenants and potential tenants of the Incubator

Business idea developers and the tenant companies at YES incubator are eligible to apply for a grant up to 1.500 euro from the YES foundation small grants fund in order to start a company or to undertake their projects. To be eligible for funding, a project or startup company must be an original piece of work from ICT field. The grants will be in the 200 euro to 1.500 euro range and may be used for new-product/service development, to cover travel to a conference or workshop, purchasing supplies, to further research through visits or travel, to easier start of a new company/venture. Since there will be insufficient funds to cover all applicatons, priority will be given to applications from those individuals/companies who have not previously received support from the fund or other similar program.


Pi Soft - new tenant in the Incubator

Pi Soft is company that enables you easy management of your comapny. Using advanced internet techonologies enables you to work outsied the office implementing functionalities that will easy assist you to organise all the necessary information for successful working.
The Pi Soft systems have that power to be adjusted to your way of working, to make easier communication in and out of the company, to access from any computer with web browser and internet access, in order to find the requested information immediately. The software does not require additional licences for the software environment, and the support that will be provided to you, enables you totally to be focused to your work activities.
Pi Soft offers useful systems adjusted to your business:

  • piOffice, simply the best solution for your Office, with fully integrated communication: from e-mail, telephone, fax, document management, calendar, contacts, project management, resource management, customer relation management, purchases.
  • piAccounts, system for acounting.
  • piSupply, sophisticated system for supply chain management, oriented for business to business solutions.
  • piWebs, content management system for easy publishing information on your web portal. It is full integrated with piOffice and enables direct publishin from the document management system.

Vission

The YES project shall become a good practice model for entreprenurship and new firm creation in the region as an approach to developing promising new business idea among well-educated yout. Through its activities, YES will stimulate entrepreneurship and new firm creation among well-educated youth in Macedonia in order to:
- boost the development of the SME sector and
- bridge the gap between existing offers from educational institutions and the needs of the business community

Goal

The goal of YES Foundation is attracting young ICT people, training and coaching them in business skills, connecting them with the right business partners so that they can compete on the global market and make the ICT a leading industry in Macedonia.

Mission statement

The Youth Entrepreneurial Service (YES) seeks to strenghten the local innovation system in Macedonia by stimulating to practical entrepreneurship among the youth by offering complementary activities that will ease the start-up of new ventures.

 

Sintef
Open Society Macedonia

 

Supported by the Government of Norway, in close cooperation with the Government of Macedonia.


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YES Foundation • Arhimedova bb, 1000 Skopje • 389(0)2 3103 660 • www.yesincubator.org.mk