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About PAF

About PAF. The Prince Albert Fund was established to promote Belgian business abroad and give young talents an opportunity to ‘go abroad’ Through a grant Young Professionals receive the opportunity to provide a project anywhere in the world with a Belgium company

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About PAF

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  1. About PAF • The Prince Albert Fund was established to promote Belgian business abroad and give young talents an opportunity to ‘go abroad’ • Through a grant Young Professionals receive the opportunity to provide a project anywhere in the world with a Belgium company • After a rigorous selection, the participant receives a grant (net 22.000 €) from the Fund, representing the equivalent of a one-year salary

  2. 1986 to 2012 6172 candidatesapplied …. 320 Alumni + 150 companies

  3. About the participants/laureates/alumni • master degree - mostly in business or engineering; in most cases; enterpreneurial spirit; mature, motivated, proactive, eager to learn; multilingual; Belgian or EU citizen with links to Belgium • 75% of the laureates continue to pursue an international career and 55% are doing so within a Belgian company • The majority of the laureates are therefore still actively involved in the promotion of Belgian services and goods abroad • Because they believe in the mission of the Fund, the alumni take an active role in further building bridges between leading international companies and high potential young managers

  4. About the company • A company submitting a project needs to be based in Belgium and can have Belgian or foreign ownership. • There are no restrictions with regards to activity or size • A good project matches the following criteria: • It deals with international business development outside Western Europe • The PAF professional is entrusted with considerable decision making power • The PAF professional can explore and work out new strategies for the host company • The PAF professional is NOT a trainee within the company!

  5. Some PAF Companies …

  6. PAF is perfect match … • Professional is willing to invest in a challenging international business project • Companies can be entrepreneurial in their choice of project • 12 months = test period for further collaboration

  7. My experience in China • Verdon • SME fromAntwerp • High-endfurniture • Worldwidesales • Goal: from 0 USD to 2.000.000 USD in oneyear • Train local management

  8. Lessonslearned • Hard skills • Technical • Organisational • Analytical • Language • Soft skills • Leadership • Intercultural • Negatiotion & sales • Communication

  9. Gained experiences • The uniqueelementsthat the Prince Albert Fundsoffered me throughoutthisyearwere; • Working in culturally different environment whichdidnotalwaysmakesense. • Deliveringresults in challenging environments • Learninghow to workindependantly and beselfreliant in resolvingproblems • Beingentrepreneurial, taking the initiative

  10. Not everything was work related Get to knownew culture See the world PAF colleagues

  11. PAF in practice • www.princealbertfund.be • Next step: applicationby 14 January 2013 • Jury: 6 March 2013 • Orientation weekend: 22 & 23 March 2013

  12. It is what you make of it!

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