Impact Bond: Buzinezzclub (Eindhoven)
Stage of development: Implementation
Policy sector: Employment and training
Intervention: Buzinezzclub helps young people discover their passions and work towards starting their own company. After a six month intensive programme, the young people are paired with a volunteer "coaches" who provides ongoing mentoring and support with writing business plans and developing skills, and where starting a business is not attainable, young people receive support to find employment or enter education.
Date outcomes contract signed: 2016-06
Total investment commitment currency: EUR
Total investment commitment: 1700000
Total investment commitment (USD): 1880457.902
Target population: 300-400 unemployed young people between 18 and 30. Young people can self-refer to the programme, or can be referred via social services and the Municipality of Eindhoven.
Targeted number of service users or beneficiaries: 400