The main outcome of the project will be the intensification of cooperation between project partners (policy makers, financial intermediaries, business accelerators, research institutes and universities, NGOs) and target groups (enterprises in financial difficulty, in insolvency or bankruptcy but ready for recovery) through:

  1. Strategy on entrepreneurs' access to second chance in the Danube region: creation of a community of experts ready to work together to shape the regulatory framework that will give honest entrepreneurs a second chance in the Danube region
  2. Transnational Trial and Error Academy: providing 130 hours (6 modules) of transnational training for 200 entrepreneurs who have faced bankruptcy
  3. Business Restructuring Initiative: acceleration services for around 60 entrepreneurs to facilitate business relaunch, access to finance and a positive image of second chance entrepreneurs.

DanubeChance2.0 brings together a multidisciplinary partnership of 12 project partners and 5 associate partners:

  1. Public Benefit Non-Profit Ltd for the Development of the Industry, Hungary
  2. Steinbeis 2I gGmbH, Germany
  3. Technical University of Cluj-Napoca, Romania
  4. Centre for Social Innovation, Austria
  5. Pomurski Technology Park, Slovenia
  6. Pannon Business Network Association, Hungary
  7. Union of Slovak Clusters, Slovakia
  8. Centre for Entrepreneurship Osijek, Croatia
  9. Serbian Chamber of Commerce and Industry, Serbia
  10. Republic Agency for the Development of Small and Medium Enterprise, Bosnia and Herzegovina
  11. Organization for Small and Medium Enterprise Sector Development, Moldova
  12. Institute of Market Problems and Economic-Ecological Researches of NAS Ukraine
  13. Ministry for Industry, Energy and Mining of Republic of Srpska, Bosnia and Herzegovina
  14. EURADA European Association of Development Agencies, Belgium
  15. Ministry of Economy, Entrepreneurship and Crafts of the Republic of Croatia
  16. Ministry of Economy and Infrastructure, Moldova
  17. Central European Initiative Executive Secretariat, Italy

We invite you to visit the official page and follow us on social media for further information and news from the project: 

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Contact details:

Elena Rusu
Organisation for the Development of the Small and Medium Enterprises Sector

Chisinau, Republic of Moldova, MD-2012
bd. Stefan cel Mare și Sfânt 134, of. 336
tel: +373 22 22 45 16
email: elena.rusu@odimm.md


Programme: Danube Transnational Programme 2014-2020

Project duration: 01.07.2018 - 30.06.2021

Call number: 2

Priority axis 1: Innovation and social responsibility in the Danube Region

Specific objective: Improving framework conditions for innovation 

This project is co-financed by European Union funds (ERDF, IPA, ENI).

  • Total budget: EUR 1 822 550

  • ERDF contribution: EUR 1241425

  • IPA contribution: 176587,5 EUR

  • ENI contribution: 131155 EUR

Starting up and going out of business are natural processes inherent to European economic life. In fact, 50% of businesses do not survive their first 5 years and bankruptcies account for around 15% of all liquidated businesses. In Europe, 200 000 businesses face insolvency every year, causing the loss of 1.7 million jobs. In the Danube Region, the number of bankruptcies increased by 3.6% last year. Although only 4-6% of bankruptcies are fraudulent, public opinion makes a strong link between business failure and fraud. Many honest entrepreneurs whose businesses have failed feel discouraged from starting up again because of the difficulties and discrimination they face. The Danube Chance 2.0 project aims to develop second chance entrepreneurship policies and practical solutions to improve the entrepreneurial culture to avoid loss of entrepreneurial potential and overcome the stigma of entrepreneurs after business failure.