Migrant Acceleration for Growth - Network for Entrepreneurship Training - MAGNET

The main objective of the MAGNET (Migrant Acceleration for Growth – Network for Entrepreneurship Training) project is the establishment of a Europe-wide network of organisations working in the field of migrant entrepreneurship support at the practical, political as well as scientific level. The MAGNET project is co-funded under the European Union’s COSME programme, the Programme for Small and Medium-Sized Enterprises.

There is a growing body of evidence that (potential) migrant entrepreneurs will require a different set of core competences to successfully set up and run their businesses in a changing society with changing economic and labour market situations. This has major implications for the transformation of Migrant Entrepreneurship Support and Training systems. Therefore, the main objective of the MAGNET project is to promote the creation, improvement, further development and broader dissemination of already existing support schemes for migrant entrepreneurs. This is decisive for future European labour markets, since being self-employed and building successful ventures (both commercial and social enterprises) is an important strategy to improve labour market participation of migrants, who face a multitude of challenges in terms of labour market integration.