RISE

The Russian Initiative for Self-Employment (RISE) program objective is to contribute to the development of the micro and small business sector, facilitating re-employment, small business start-up and expansion, productivity, and public recognition of the integral role of the small business sector in the economy. Program goals include providing access to capital, transfer of technology and know-how, and assisting in the development of appropriate business etiquette. The RISE program consists of a Business Education Program, Credit and Leasing Program, and the Apparel Innovation Center, an industry-specific business incubator. The program is active in St. Petersburg, Russian Federation.

• Monthly interactive workshops and seminars for individuals who are considering starting a small private business.
• A 70-hour training program for beginning entrepreneurs. Topics covered include marketing, human resources management, financial management, and legal issues associated with business registration. Consultations are provided by local specialists on the basics of business planning, accounting, and marketing.

• Access to credit. Participants apply for a small seed loan or equipment lease. If the applicant's business plan is approved by the loan committee, the applicant may receive a loan for equipment or raw material for up to $5,000. Upon returning the loan with modest interest, participants can apply for larger amounts of credit (up to $20,000).

• The program provides an extensive training program with access to fully equipped work spaces of varying sizes. Tenants can produce their goods using state-of-the-art equipment, attend practical and interactive seminars provided by local and Western experts, and browse the most current trade publications available worldwide in the Fashion Library. In addition, competent consultants are available to provide assistance in everything from garment design to construction to production to marketing and sales.

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