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January 5, 2024 ied_admin

Lessons Learned During Lost Millennials Project: Challenges and Opportunities

Regional Funds Online Magazine - Issue 41, December 2023

Empowering the Youth: Four Pioneering Insights from the Lost Millennials Project

In an illuminating article recently published in the Regional Funds Online Magazine (pp. 16-17), the University of Burgos shared their insights as a participant in the Lost Millennials Project. This initiative, focusing on the 25+ NEET (Not in Education, Employment, or Training) demographic in Europe, uncovers a diverse tapestry of challenges and opportunities that vary across countries.

Interdisciplinary Insights

A striking revelation from the project is the varied NEET rates across Europe, with Spain experiencing a higher rate of 17.1%. The project’s interdisciplinary approach, leveraging expertise from sociology, economics, and business, offers a comprehensive perspective on this issue. The diverse academic backgrounds of the team members enabled a holistic understanding of the 25+ NEETs’ situation, considering factors like education, labour market entry, gender, and health issues.

Overcoming Pandemic Challenges

The project’s journey wasn’t without its hurdles. The pandemic initially hindered in-person interactions, which are crucial for building strong partnerships. However, the first face-to-face meeting in Norway marked a pivotal moment, strengthening collaboration and setting a solid framework for shared research.

Fostering International Academic Networks

One of the significant outcomes of the Lost Millennials Project is the development of a robust network among researchers and institutions. For instance, the University of Burgos’s collaboration with IREAS from the Czech Republic has facilitated valuable academic exchanges and research opportunities. This collaboration is a testament to the project’s success in fostering international academic connections and promoting student mobility through initiatives like Erasmus+.

Engaging with Policymakers and Entrepreneurs

Furthermore, the project has catalyzed synergies with other initiatives, like the Explorer training program by Santander Bank, enhancing engagement with young entrepreneurs and researchers. The involvement of policymakers, such as Spain’s National Coordinator of Youth Guarantee, further underscores the project’s impact in shaping policies and understanding of the NEET phenomenon.

Tailored Solutions Needed

The Lost Millennials Project has also shed light on the heterogeneity of the NEET population, influenced by country-specific factors. This variability underscores the need for tailored approaches to address the issue effectively.

Conclusion

As the project nears its conclusion in January 2024, the University of Burgos reflects on the invaluable insights and connections gained. The knowledge and experiences shared promise to inform strategies to reduce NEET rates in Spain and across Europe.

For a deeper dive into this insightful project and its findings, visit the Regional Funds Online Magazine here or find it below.

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