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Unicaja's Edufinet Project teaches UMA students how to become an entrepreneur with a business plan simulator

The Edufinet Project has delivered a workshop on financial education for students of Economics of the University of Malaga (UMA) to teach tem the main keys and financing alternatives to launch their own business in the future

21 JAN 2020

3 Min reading

 

The goal of this training session is to provide students with the basic skills needed to act autonomously in the financial world, to assess and choose the most suitable project to develop their business initiatives, as well as to analyze the main failure factors of entrepreneurs. As a new feature, this workshop includes a practical case to be solved using a business plan simulator

 

 

The Edufinet Project is one of the pioneering financial education programmes in Spain. It currently collaborates with over twenty universities, institutions and business organizations, and its job in improving the financial literacy of citizens has been recognized with several award

 

The Edufinet Project, fostered by Unicaja Banco and Fundación Unicaja, has delivered a workshop on financial education for students of the Faculty of Economics and Business Science of the University of Malaga (UMA), in collaboration with the said institution, to teach tem the main keys and financing alternatives to launch their own business in the future.

 

The goal of this training session is to provide students with the basic skills needed to act autonomously in the financial world, as well as to assess and choose the most suitable project to develop their business initiatives. As a new feature, this workshop includes a practical case to be solved using a business plan simulator.

 

Among other topics, the students have learnt about the main financial solutions for entrepreneurship, with special focus on the different types of financing according to the life cycle of the company, as well as the most common failure factors of entrepreneurs.

 

The Edufinet Project intends to enhance transparency, security and responsibility in the development of the relationships between citizens and financial intermediaries, thus leading to improved market efficiency, through an increased knowledge of the tools needed to operate in them.

 

Promoted by Unicaja Banco and Fundación Unicaja, the Edufinet Project is a financial education project pioneering Spain whose work to improve literacy on this subject has been recognized with several awards. It currently collaborates with more than twenty universities, institutions and business organizations.

 

Edufinet Project, a pioneering initiative

 

The Edufinet Project has been working for nearly 15 years to bring financial education closer to society. Unicaja is thus one of the pioneering financial institutions in Spain to launch an initiative of this kind. For this purpose, the project currently collaborates with more than ten business organizations and institutions, as well as with 16 universities.

 

Edufinet was launched, through an Internet portal for the general public, at the end of 2007, although its development began in 2005, within Unicaja. Since it was launched, more than 152,000 people have participated directly in workshops or seminars, of which more than 108,000 were young people. The website www.edufinet.com has received 7.8 million visits, with access and consults from 180 countries.

 

This Internet portal on financial education includes systematic and practical information, in a question-answer format and where no previous knowledge is required. Later, two additional portals were created with specific contents: one for business owners and entrepreneurs (Edufiemp), and one for financial education for young people (Edufinext).

 

Edufinet organizes the Conferences on Financial Education for Young People and the Financial Olympics, as well as workshops and lectures at universities, summer courses or participation in international projects. It also fosters several publications, such as the ‘Financial Guide’ or the ‘Financial Guide for business owners and entrepreneurs’.

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