The first five applications submitted to the "I Build My Business Prize," whose first session took place in Ponta Delgada, have already been selected.
The five applications, selected by a jury, will be awarded a cash prize of 3,500 Euros. It will become part of the capital of the companies to be created and whose projects were in competition, thus accomplishing the priority goal of the "I Build My Business" measure - the creation of companies.
Overall, the applications submitted cover areas such a tourism entertainment, tourism booking platform, tailor-made repairs in construction, podiatry, and pastry sales based on the diversification of an Azorean product of reference.
"I Build My Business" is directed to unemployed individuals, with minimum compulsory education qualifications, who are registered in the Agencies for Qualification and Employment. It may also be extended to undergraduate students as well as to graduate students enrolled in Master's and Doctoral degrees, who wish to create a company.
The initiative is also open to young people interested in developing an economic activity in the area of creative industries, entrepreneurs in the craft sector who wish to acquire business management skills and the owners of micro, small and medium enterprises who wish to acquire business management skills.
This action is promoted by the Vice-Presidency of the Government and organised by the Society for Business Development of the Azores (SDEA) in partnership with CRESAÇOR. It aims to provide participants with knowledge on the business area with a view to harnessing the economic potential of Azorean endogenous resources.