Tag ‘youth entrepreneurship’
This year the annual MSME (Micro, Small-Medium Enterprises) Day was celebrated on 27 June and was dedicated to youth. This year the main event focused on youth entrepreneurship and youth employment, and aimed to advocate for the importance of MSMEs in youth employment, raise awareness around the skills needed by youth to acquire decent jobs and finally raise awareness around youth entrepreneurship.
The MSME Day may have passed but the campaign is still going and the need to advocate for youth employment and youth entrepreneurship continues. But why the particular focus on youth for 2018? This year the MSME Day campaign communicated about the difficulties that youth face in securing steady jobs and the hurdles faced when entering the workforce. This in itself is a large contributor to the rate of youth unemployment, which currently stands at 15.6% in the EU according to Statista.
In addition to the challenges, MSME DAY 2018 highlights the reasons why a focus on youth would be ultimately beneficial for industry including the fact that young entrepreneurs are more active in high-growth sectors and are more likely to hire other young employees and pay higher wages than ‘older’ firms. Youth-led enterprises can also trigger youth-led job creation, with start-ups accounting for up to 50% of new jobs, and finally young people show higher levels of entrepreneurial initiative than adults do.
Visit the MSME Day 2018 website to find out more and support this campaign to support youth in industry.
The European Commission is also interested in supporting youth and particularly in hearing their voices, which is why the SME Week European Youth Essay Competition was created back in 2016. Two years and two winners later, the competition is back for a third edition and with another question:
“What steps should entrepreneurs and government take to become more innovative?”
Find out more about the competition and how to enter here on the News Portal.
The Entrepreneurship Conference “Follow your ideas – become an entrepreneur” will take place in Sofia, Bulgaria on 6 March 2018 under the Bulgarian presidency of the Council of the European Union. The conference is organised by the Ministry of Economy of the Republic of Bulgaria and the European Commission.
The conference will bring together participants from all over Europe and include: young entrepreneurs, SMEs, education representatives, science organisations, NGOs and the European institutions. During the conference participants will question youth entrepreneurship in the EU and explore how best to promote entrepreneurship as a viable career option for European youth.
The conference will be divided into three main panels:
- Entrepreneurship education and youth entrepreneurship in Europe
- The young entrepreneurs speak
- Best practices in promotion youth entrepreneurship in Europe
Speakers will include representatives from Bulgarian ministries, the European Commission, youth organisations, Ideas from Europe finalists and former European Enterprise Promotion Awards (EEPA) competitors.
For more information visit the event website.
Is youth entrepreneurship really happening? How is the Union aware of what innovations youth are working on, or whether they are being supported adequately? The following report provides insights into youth work and their necessary entrepreneurial learning and development.
The EU and its Member States have been promoting entrepreneurial competences among young people as a pathway to taking an active part in society. This report presents the findings and conclusions of a major study which mapped, described and analysed the contribution of youth work to supporting young people to become active and entrepreneurial citizens of Europe. The report delivers concrete recommendations for policymakers, as well as for the formal education sector and for youth work organisations, on how to increase the impact of young people’s entrepreneurial learning.
Read the full report.