Young Entrepreneurship as the key to a sustainable and growing economic future

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1 Young Entrepreneurship as the key to a sustainable and growing economic future Antalya, TURKEY May 2014

2 Rich History

3 Rich History YES was established in 1988 in Capri during the National Convention of Confindustria Giovani Imprenditori where young entrepreneurs from Austria, France, Germany, Greece, Italy, Japan and Portugal signed the Capri Charter.

4 Mission 1) Engaging governments and EU policy makers to get them to understand and embrace the value of entrepreneurship. 2) Ensuring that the educational system promotes, encourages and supports entrepreneurship at all levels, as appropriate.

5 Mission 3) Increasing the cultural acceptance and understanding of the importance and value of entrepreneurship. 4) Creating a pan-european network that connects young entrepreneurs and provides them with the key knowledge to overcome their major difficulties in every level.

6 YES Today YES is present through national entrepreneurial associations in 18 countries and numbers over 40,000 members. YES is an actual contributor to EU policy making through its dynamic participation in several Horizon 2020 programmes for boosting young entrepreneurship under the digital agenda.

7 YES Today YES is proud to represent the European Union in the G20YEA.

8 YES and G20YEA The G20 Young Entrepreneurs Alliance (G20 YEA) is a global network of young entrepreneurs and the organisations that support them. It was established to convene each year in advance of the G-20 Summit, with the aim of championing the importance of young entrepreneurs to the G20 member nations and to share examples and practices. The Alliance was officially created at the G20 Young Entrepreneurs Summit, Toronto, Canada, 2010.

9 Our Vision

10 Our Vision 1) We envision a future where young entrepreneurs lead the economic and social renaissance of new, resilient Europe. 2) We see a future where governments embrace the potential of young entrepreneurs to create the wealth,the growth and the employment necessary to renew our social and economic structures.

11 Our Vision 3) This new entrepreneurial Europe, in turn, will reflect the needs and values of young entrepreneurs in legislation, regulation, education and a broad public understanding of their valuable role.

12 Our Next Events 1) 27nth of June our annual Pan European Conference is organized in Athens Greece with global presence of key personalities with the scope of creating the agenda for young entrepreneurship in Europe. 2) YES will be present in Sydney for the annual G20YEA summit in of July. Members State representatives of EU are welcome to join our mission.

13 Youth Unemployment

14 Youth Unemployment

15 The Statistics speak the truth

16 The Statistics speak the truth The world has 1.2 billion youth between the ages of 15 to % live in Asia, Africa, Latin America and Eastern Europe. About 30% of the world s youth, or 357 million, are not in school or employed. Of those employed in developing countries, 536 million are underemployed, compared with 1.5 million in the 28 countries in the European Union. The highest rates of youth unemployment are found in Northern Africa and the Middle East, according to the World Economic Forum, an international nonprofit based in Switzerland.

17 Europe is Bleeding

18 Europe is Bleeding Trust in the EU and for national governments has dropped almost everywhere since 2008, most dramatically in Cyprus, Spain, Greece and Portugal. A great majority of people 80% according to Eurobarometer also believe that poverty has increased in their own country. More than 6 million jobs have been lost in the EU since 2008 and material deprivation has increased substantially in the hardest hit countries, especially among the young.

19 Why did this happen?

20 Why did this happen? Between 1985 and 2000, the global workforce increased from 2.5 billion to 6 billion, according to the Doubling the Global Workforce report by economist Robert B. Freeman. The increase in the number of workers is, in part, due to the opening up of China, Russia, Eastern Europe and many other parts of the world to global labor competition.

21 Why did this happen?

22 Why did this happen? Capitalist globalization has meant greater exploitation and lower wages for workers worldwide. Meanwhile, increasing automation and high technology remove the need for many skilled workers. Robots have replaced many of the entry- level job positions that young workers would have traditionally filled.

23 The solution

24 A new model for global economy Governments Core: A prosperity driven economy Corporations Young Entrepreneurs

25 The steps for changing the future Realization of the new global economic ecosystem Modification and adaption of the educational system Creation of young entrepreneurs and graduates that will drive the economy

26 The combination is the solution There is no meaning in educating young people to become high skilled entrepreneurs or employees to enter a market that cannot absorb them. First we realize the market and then we create the policy to implement as for bringing stability to the financial ecosystem and the society.

27 The solution is already there We must not miss educate our young ones or just finance them so they can go out and make their try because we condemn them to failure. We work closely with corporations and map their needs and then educate and finance the new generation to deliver the solution to the market and not become a problem for it.

28 Young Entrepreneurs are the future

29 Young Entrepreneurs are the future An entrepreneur is someone who sees a problem in the world and tries to solve it themselves. Jeff Hoffman, Serial Entrepreneur, Priceline.com, ubid.com, ColorJar. Speaking at the G20 YEA Summit 2013

30 Major Issues for Young Entrepreneurs 1) Finance 2) Administrative and regulatory requirements 3) Lack of management experience and access to business support 4) Markets and Marketing 5) Technology 6) Networking

31 The solutions Access to Funding: Seed, Startup, Expansion, Growth capital Tax and regulation: Taxation incentives, Ease of starting a business, Business-Friendly legislation/policies Coordinated support: Mentors, Advisors, networks and clubs Business incubators, clusters, parks, business centers Education and training: Pre-university education, University education, Entrepreneurship-specific training, Informal education, lifelong training Entrepreneurship Culture: Tolerance of risk and failure, Preference for self-employment, Innovation and research culture, Celebration of self-made wealth

32 The market must change itself It is also of great importance that the market and corporations embrace this youth entrepreneurial community by changing its model of employment from internal employment to open employment and collaborations from small and medium sized companies to single entrepreneurs.

33 All together for a better future It is of high importance for all stakeholders and decision makers to realize the problems and bring solutions to the society and the economy. We are all connected and it is our duty to help the next generation achieve a better life.

34 All together for a better future

35 Thank you!!! Thank you for your attention!! Ioannis Aslanis Manager

36 Title

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