European Prize For Youth Employment in the Social Economy

Deadline: 15 June 2013
Open to: Young social economy enterprises, which were set up by young people and has created employment for young people in the European Union or in Morocco
Prize: one winning enterprise which will receive a prize totaling € 5,000

Description

In the current context of economic crisis, youth unemployment continues to rise everywhere in Europe. This worrying trend had encouraged the European Network of Foundations for Social Economy to launch, in 2011, a European Prize throughout the European Union entitled “For youth employment in the Social Economy”. Its goal is to identify and encourage exemplary entrepreneurial initiatives which can be deployed in other European countries as well.

Eligibility

Participation in this Prize is reserved for social economy enterprises:

  1. Whose head office is based in one of the member states of the European Union or in Morocco
  2. Which were created between 15 May 2011 and 15 November 2012 by at least two (2) young people
  3. Which have created jobs for young people Enterprises having already been subsidised via other prizes or competitions may still participate.

Definitions:
Young people/youths: any person between the ages of 18 and 30 yea rs old, living within the European Union or in Morocco.
Social economy enterprise: any organisation or enterprise established within the European Union or in Morocco, the practices of which comply with the principles of the social economy.

Please also note the principles of the social economy:

1. Free association: the willingness to satisfy a need and to serve a useful purpose.
2. Democratic power sharing: social economy enterprises are comprised of members who are considered joint and equal concerning their duties and rights.
3. Solidarity within the group in which each participant is involved. This requires coherence between the economic and social aspects.
4. The individual non-aggregation of profit, which excludes personal enrichment. Money is viewed as a tool making it possible to meet
the objectives which have been set.
5. The quality of the products and services, which widens the scope for participation and for the harmonious development of the company with the goal of both individual and collective promotion.
6. Personal self-fulfillment: social economy enterprises clearly state that their end purpose is to be of service to man and society.

Prize

The jury will select one winning enterprise which will receive a prize totaling € 5,000. Over the twelve (12) months following the allocation of the prize, the legal representative of the winning enterprise must demonstrate (with the aid of proof) that the sum allocated to the enterprise has been invested in the enterprise. Should this proof not be provided, following a reminder by registered letter from PEFONDES – this remaining unanswered or without satisfactory proof – for a period of fifteen (15) days, the sum must be returned in full to PEFONDES within a period of eight days, unless the latter grants the candidate a new deadline to comply with these obligations.

Application procedure

The application form must be submitted before 15 June 2013 at midnight, to the following e-mail address: [email protected]

For more information, please check the rules or visit the official website.

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