
The ICA Youth Network will be launching a scheme to replicate existing cooperatives and create new youth cooperatives worldwide.
Eight projects will be selected as part of this program, which is being funded by a donation from the International Summit of Cooperatives. Already existing youth coops or groups of young people who wish to create a youth cooperative can submit a project. For the later, there must be a minimum of three youth who sign the application together.
A youth cooperative is a cooperative led by youth and with a focus on youth activities. These include campus cooperatives, housing cooperatives dedicated to youth inclusion, youth health insurance cooperatives or agriculture cooperatives.
SĂ©bastien Chaillou, president of the ICA Youth Network said the fund would help young people to drive change by setting up businesses with a social mission.
“This is the beginning of something, a new cooperative world. With what we learnt here, the connections we made, we are ready to act more than ever,” he added.
The call will be launched in March with a participant selection process and mentor recruitment due to take place in June. Each project will receive a maximum of €10,000. Sign up for the Youth Network mailing list to get notified when it is launched.