BA School of Business and Finance project gets funding: KABADA / Knowledge Alliance of Business idea Assessment: Digital Approach

BA School of Business and Finance is proud to announce that it received financing for 2019 Erasmus+ Knowledge Alliances project "KABADA / Knowledge Alliance of Business idea Assessment: Digital Approach". From 195 submitted proposals only 33 projects got selected for funding and this is the first time when Knowledge Alliances project get's funding where the coordinator is organization from Latvia - Banku augstskola. Head of a project: Jānis Hermanis

The project will combine the efforts of business and university educators across Europe. KABADA objectives are the development of entrepreneurial mind-set and skills in students and teachers. The main output of the project will be digital tool for assessment of business ideas will be developed as a prototype of artificial intelligence (AI) and will be made with the approach that it can be introduced into entrepreneurial education in any discipline to provide students, researchers, staff and educators with the knowledge, skills and motivation to engage in entrepreneurial activities. Innovative approach lies in the fact that the tool will be AI prototype, digital tool for assessment of business ideas of new entrepreneurs is new and different from other tools (e.g.  business simulation games) that it will not only evaluate the business idea but give first suggestions for the improvements and further steps.

The main aim is to decrease business fail ratio, possibility of financial distress and to increase number of successful entrepreneurs.

Project KABADA team:

BA School of Business And Finance (BA SBF), Riga, Latvia

UC Leuven-Limburg (UCLL), Leuven, Belgium

Vilniaus Kolegija / University Of Applied Sciences (VIKO), Vilnius, Lithuania

Mendel University (MENDELU), Brno, Czech Republic

Polytechnic Institute of Setúbal (IPS), Setúbal, Portugal

ArtSmart, Riga, Latvia

Craftworkz, Belgium

Youth Entrepreneurship Promotion Association (YEPA), Lithuania

Centro Studi “Cultura Sviluppo” (CSCS), Italy

KBC Bank, Belgium

Project website: https://kabada.eu/