THE PROJECT.........

Start-up companies are an

essential part of European

Commission priorities for the

attainment of a sustainable and

durable European economic

growth. Specifically, they will

have a leading role in the

European Digital single market

as underlined in the “Start-ups

and the Digital Single Market

final report”. However, most

e n t r e p r e n e u r s l a c k t h e

knowledge and skills required to

effectively develop and manage

their company.............................

The B-Capp project will develop

an open, all-inclusive training

program for financial planning/

managemen t o f s ta r t -ups

comprising the smart use of

Information and Communication

Technology (ICT) to reduce the

operating costs and cross border

bus iness ac t i v i t y l ead ing

to increase competitiveness and

result to less business failures.

After the completion of training,

all participants in B-CAPP will be

able to retain and improve their

knowledge and skills, acquire

new high-quality skills and

continue their personal and

professional development by

implementing the recommended

strategies.

The 2nd B-CAPP Transnational Meeting

took place in Rijeka, Croatia, on the 20th

of June 2018! Hosted by the PAR

Business School, the meeting went

through over a dense agenda, covering

all the main aspects of the project, with

detailed presentations and stimulating

brainstorming sessions. Firstly, the

partners wrapped-up the work carried

out to the date on the first Intellectual

Output, namely the development of the

Financial Check Training Course.

Comprehensive sets of actions per

financial concepts (e.g. start-up and

entrepreneurial finance, modes of

financing, etc.) and ICT processes

(e.g. digital invoicing, cash flow tools)

has beenwere identified in the first

phase, and will form the contents of

FCT Course, which is going to be

finalised by this fall.

THE 2nd TRANSNATIONAL MEETING

this issueTHE PROJECT

THE 2nd TRANSNATIONAL MEETING

THE CONTENT OF THE MODULES

INTRODUCING THE GENIE

THE PARTNERS

02ISSUE

B-CAPPPERIODICAL

JOURNAL OF

THE PROJECT

««

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As a final stage for this output, an

ECVET profile will be developed,

d e s c r i b i n g t h e k n o w l e d g e ,

skills and competences that the course

is going to deliver and thus outlining its

didactic framework. Consequently,

plans and deadlines have been set for

the following tasks to be implemented.

Updates on Dissemination activities,

Quality Management and Administrative

ove rv iews have fo l l owed , w i th

presentations delivered by each

responsible partner. With mutual

satisfaction and renovated motivation,

the partners set the date for the 3rd

meeting, which is going to be hosted

by Eurocrea Merchant in Milan the 4th

of October 2018!

www.bcapp.eu

«

This programme has been funded with support from the European Commission

THE CONTENT OF THE MODULES

What to expect in the coming months? ............What to expect in the

c o m i n g m o n t h s ?

The Financial Check

Tr a i n i n g C o u r s e i s

going to be finalised and

reviewed by all partners,

giving then green light to

the translations in all the

d i f f e r e n t p a r t n e r s '

l anguages : F rench ,

G r e e k , C r o a t i a n ,

Spanish, Romanian and

I ta l ian . The ECVET

profile will then describe

the set of knowledge,

skills and competences

which the course will

deliver, adding relevant

tools for the validation,

r e c o g n i t i o n a n d

transferabil ity of the

curriculum developed by

the project. The 3rd

m e e t i n g i n M i l a n ,

scheduled for the 4th

of October, will pave the

way for the activities of

...........................IO2!

www.bcapp.euTHE PARTNERS

The nine modules for the Financial Check Training Course originate from financial concepts, ICT processes and tools to be supportedsupport the covered material. For each module, 7 relevant actions has have been identified and descripteddescribed, providing specific content that will support their implementation ("Action Cards"). In particular, the actions have been categorized according to their type (in terms of pre-requisites and investments to be made), time required to implement the action and associated costs (when possible), positive and negative aspects, estimated exploitation, English language skills required and webshop level.The nine modules focus on the following topics:1) Start-up and Entrepreneurial Finance; ........................................................................................2) Cash flow management & Basic accounting concepts; .....................................................................3) Modes of financing and investment tools; .....................................................................................4) Entrepreneurial mind-set & skills;..............................................................................................5) Cash flow tools;..............................................................................................6) eProcurement;.................................................................................................................................7) eInvoicing;.....................................................................................................................................8) Virtual Marketplaces;..............................................................................................9) eCommerce. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Many references on barriers for start-ups can be found with a simple Google search. Therefore, the objective of this program is to empower entrepreneurs with the financial management skills and knowledge required in order to help them run and manage their businesses successfully and effectively. As lack of financial knowledge on managing a business is considered to be one of the main reasons of business failure, this program will address this gap so that it can contribute to reducing the rate of entrepreneurial failures. This however is only one aspect of overall financial management. It needs to be complemented by smart use of ICT and not addressed in isolation. The project complements financial management with the adoption of supporting ICT tools and processes, as we have seen in the last years that more digital SMEs incurred a lesser decrease in turn over. The innovative feature of the project stays is, indeed, in the ICT potential to be applied on financial management, sales and business development of a start-up, a field which is surprisingly poor of initiatives.

INTRODUCING THE GENIE

Intellectual Output 2 will deliver the Financial Strategy Genie, an innovative digital tool developing personalized training pathways for the B-CAPP users. A first example of the Genie has been showed was presented during the Rijeka meeting, so that all partners can have a clear overview of the main structure that will be developed. ..............................................................................................But how it is going to work? The Genie will mainly operate in two stages:..........................................1. Testing the initial knowledge and awareness of start-ups about core financial concepts and proven ICT practices;..............................................................................................2. Processing the information gathered in order to develop personalized training plans structured in different phases...............................................................................................

Special focus will be placed on the interactivity of the tool, which is set to be a key ingredient to engage with users, stimulating their interest and motivation. The actions proposed by the Genie on the bas is o f the tes t 's resu l ts w i l l fa l l in to one of the fo l lowing categor ies :- Simple actions that can be implemented immediately without requiring an investment ("Quick wins");- Simple actions that can be implemented immediately, but require an investment;- Actions that have prerequisites (other actions need to be implemented first), but require no inves tmen t ; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .- Actions that have prerequisites and require an investment...............................................................Additional filters will be defined according to the type of actions identified in the FCT Course, particularly regarding ICT competences, English language skills and national/international level of implementation.