Entrepreneurship is regarded as a powerful driver of economic growth and job creation and a basis for knowledge-based society and economy – a core priority in Europe 2020 strategy. So far all efforts have been focused on providing knowledge and skills in young and new entrepreneurs. However, statistics prove that 30% of new businesses may not survive past the first 24 months and 50% of those may not make it past five years. The current situation in Europe put ex-entrepreneurs in a tough environment not only from regulation point of view but also from psychological and societal. There is a widespread perception about the stigma of failure and the fear of punitive sanctions as well as practical difficulties faced by formerly bankrupt entrepreneurs that hinder them from retry. The main aim of the project is to support the development of second-chance entrepreneurship attitude and self-confidence, -awareness and -efficacy in second-time entrepreneurs with guiding and mentoring relationships and thus restart their business successfully.

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