By Daniel Hunter
The G20 Young Entrepreneurs’ Alliance (G20 YEA) has called on the Leaders of the G20 nations to put youth entrepreneurship at the forefront of job and wealth creation.
In conjunction with the 2012 G20 Leaders’ Summit in Los Cabos, Mexico over 400 Young entrepreneurs from all G20 countries, gathered in Mexico City from the 2nd to 5th June for the G20 Young Entrepreneurs Summit (G20 YES).
The summit concluded with the signing of a communiqué that called upon the G20 Leaders to focus on entrepreneurship as an answer to the issues we are currently facing around youth unemployment and slow economic growth. This communiqué was handed over directly to Felipe Calderón, President of Mexico and the host of the up coming G20 Leaders Summit.
The communiqué identified five key actions that would provide the driver for inclusive economic growth, innovation, job creation and social cohesion:
- Creating a continuum of traditional and innovative funding sources with incentives through all stages of business growth
- Increasing access to simplified information and integrated youth enterprise support with strong knowledge and skills infrastructure
- Promoting a collaborative environment across private and public sectors, civil society and academia, that enables young entrepreneurs to start, grow, learn and have a second chance in business, within their countries and internationally
- Minimizing regulatory and tax barriers for start-up and early-stage businesses to reduce costs and increase efficiencies
- Fostering a stronger youth entrepreneurship culture through promoting and teaching entrepreneurship and raising awareness
The communiqué concluded by stating that the G20 YEA, are able and willing to work together with their respective governments to help ensure young entrepreneurs and their businesses can play their role in being the architects of the 21st century.
“We have created something unique, pulling together the organizations that represent young entrepreneurs at a national level within all the G20 member nations," Alex Mitchell, Co-Founder of Young Brits and UK Co-President on the G20 YEA commented.
"The communiqué we have signed here today represents our collective views, on what we feel will provide the catalyst for entrepreneurs across the globe.”
In addition to the communiqué the summit brought together entrepreneurs’ from all sectors and in all regions, facilitating business connections and business growth opportunities and providing tangible trade benefits for individuals and wider economies.
“The platform provided by the G20 YES is an amazing opportunity for young entrepreneurs like myself to be able to create positive social change all over the globe," Glynn Pegler, CEO of communications company Culture Group and Lead Delegate from the UK to the G20 YES said.
"Entrepreneurship is the single biggest creator of employment around the world and so its vital that we create the right environments for entrepreneurs to start their businesses and to flourish.”
The next G20 YEA Leadership Assembly will be taking place in Berlin, Germany in October of this year. It will bring together leading practioners in the field of youth enterprise and entrepreneurship for around the globe to look at how entrepreneurs’ and enterprise development can help provide a long-term solution to the current Eurozone crisis.
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