Failure Society

Re-financing Bad Dept instead of micro-credit for growth


The course of action:

Providing Micro-Credit up to 10.000 Euro to promising young enterpreneurs to support rapid growth. Through a Business Plan Competition in Bosnia, start-up firms, as well as existing high potential SMEs were selected for financing. Excellent Business Plans were submitted, and selected by risk assesors of our partner banks in Zenica.

The result:

Just before signing the contracts, it was discovered that a significant part of the 29 submissions were not seeking micro-credit for growth, but to re-finance existing bad debt i.e. ‘throwing good money at debt repayments’. The credit scheme was frozen and an in-depth analyses of each request was made.

The lesson:

We concluded that covering two unique markets-new start-ups and existing businesses– forces us to develop unique approaches. Even misuse of our support can, to some extent, be considered an entrepreneurial way of thinking, and thereby our mission is not to reject, but to modify entrepreneurs’ capability into win-win situations.

Published by:
Yannick du Pont


The Museum of Failed Products

Robert McMath - a marketing professional - intended to accumulate a reference library of consumer products. The course of action was Starting in the 1960s he started to purchase and preserve a sample of every [...]

The Norwegian Linie Aquavit

The course of action: The concept of Linie Aquavit happened by accident in the 1800s. Aquavit (pronounced 'AH-keh'veet' and sometimes spelled "akvavit") is a potato-based liquor, flavored with caraway. Jørgen Lysholm owned a Aquavit distillery in [...]

F.A.I.L. First attempt in learning for start ups

Innovation is trying out without knowing the outcomes You can learn from failures, but it takes courage and an open dialogue. On you can find a whole series of start-ups that have not [...]

Why failure is an option..

Contact us for lectures and courses


Or call Paul Iske +31 6 54 62 61 60 / Bas Ruyssenaars +31 6 14 21 33 47

Instituut voor Briljante mislukkingen