Entrepreneurial initiatives are still in the early stages of development in the Mangystau region and also, international in the Caspian Sea region, mainly because of the historical and political heritage of the country/region. In order to develop entrepreneurial competence among the youth of the Caspian region we have CREATED the Caspian entrepreneurship centre (CEC) in Mangystau region The Caspian entrepreneurship centre is the only centre in the region that provides entrepreneurial education in three languages (Kazakh, Russian, English) and works 24/7. This means our participants, students can come and work on the project at any time, we also want to note that the door of our centre is always open not only for our students but also for all youth of the Caspian region. Another uniqueness of our centre is that we provide all services for everyone free of charge. Our main strategic objective is “to become a regional centre of entrepreneurship excellence” and for achieving this objective we have developed yearly action plans with appropriate budget allocation. As a visible result of our first-year efforts is the creation of the Caspian Entrepreneurship Centre1 – a successful initiative that seems to get growing attention from young entrepreneurs. For only one year our center trained more than 200 youth of the region also more than 100 teachers and supported many social, business projects. How CEC will create value? Intellectual – CEC definitely will contribute to the intellectual capital of the region. Individual entrepreneurs have enlarged their own dreams and initiate to express their creativity and innovation that have helped their businesses so CEC participants will benefit from the ideas of their peers and coaches. Social – CEC create new networks among entrepreneurs, setup fruitful links between entrepreneurs and coaches aiming at creativity development and bringing ideas to the market Individual – CEC will help individual entrepreneurs, coaches, recruiters, and service providers to develop new skills, and to make the most of them.
