Debt Forgiveness Collective

A crowdfunding platform allows communities to pool resources and directly forgive the debts accumulated by young entrepreneurs whose ventures have failed. This restores societal trust and empowers reentreprenuership after the failure.

Future Scenarios that inspired this product idea

Universal Basic Income allows more youth from disadvantaged backgrounds to pursue risky entrepreneurial ventures without fear of complete destitution.

Extrapolated from Exploring entrepreneurial intention among European Union youth by education and employment status - Plos.org