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Migrant Acceleration for Growth Network

There is a growing body of evidence that (wanna-be) migrant entrepreneurs require a different set of core competencies to successfully set up and run their businesses in a changing society with changing economic and labour market situations. To address this challenge, MFC together with 7 European partners kick off the new project aiming at linking and training migrant entrepreneurship support organisations. The so-called MAGNET project (Migrant Acceleration for Growth Network for Entrepreneurship Training) focuses on networking and bringing together various stakeholders needed to provide holistic support to migrant entrepreneurs in Europe: this includes humanitarian aid organizations, migrants’ training providers, financial institutions and policymakers.

The 3-year project covers the following activities:

  • Facilitating broad and holistic networking activities in the migrant entrepreneurship support field, both on regional and transnational level
  • developing and pilot-testing peer-learning programme for people, organizations and other parties active in the field of migrant entrepreneurship support
  • developing an Open Toolkit for Migrant Entrepreneurship Support on the basis of good-practice analysis

The MFC role in the project is to bring in the perspective of access to finance for migrants, including facilitating the interest and involvement of financial institutions interested to learn more or get started in serving this niche and growing segment of the market.

The consortium consists of the following members, apart MFC:

  1. Austria fuer Weiterbildung/Danube University Krems (DUK) (coordinator)
  2. Germany Singa Deutschland Gemeinnutzige UG (SINGA)
  3. United Kingdom The Entrepreneurial Refugee Network CIC  (TERN)
  4. Netherlands Stichting Delitelabs (DL)
  5. Greece Technology and Human Resources Institute (IATAP)
  6. Bulgaria Higher Institute of Insurance and Finance  (VUZF)
  7. Belgium European Universities Continuing Education Network (EUCEN)