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Key Partners
Status
Start year of the initiative:
2000 – still ongoing.
Next steps of initiative:
Global expansion: Reach an additional 30,000 by 2015
Impact
Country(ies) of impact:
Argentina, Australia, Bangladesh, Barbados, Bhutan, Brazil, Canada, Chile, China, Colombia, Dominica, France, Hong Kong, India, Israel, Italy, Jamaica, Jordan, Kenya, Mongolia, The Netherlands, Nigeria, Paraguay, Peru, Poland, Russia, Saudi Arabia, Serbia, Singapore, Spain, Sri Lanka, Sweden, Syria, Tanzania, Trinidad and Tobago, Tunisia, Uganda, Ukraine, Uruguay, United Kingdom
Number of people impacted annually:
Approximately 20,000 beneficiaries
Time to intended impact:
Less than 2 years
Benefit to organization:
- Direct benefit to organization
- Indirect benefit to organization
Key Partners
Status
Start year of the initiative:
2000 – still ongoing.
Next steps of initiative:
Global expansion: Reach an additional 30,000 by 2015
Impact
Country(ies) of impact:
Argentina, Australia, Bangladesh, Barbados, Bhutan, Brazil, Canada, Chile, China, Colombia, Dominica, France, Hong Kong, India, Israel, Italy, Jamaica, Jordan, Kenya, Mongolia, The Netherlands, Nigeria, Paraguay, Peru, Poland, Russia, Saudi Arabia, Serbia, Singapore, Spain, Sri Lanka, Sweden, Syria, Tanzania, Trinidad and Tobago, Tunisia, Uganda, Ukraine, Uruguay, United Kingdom
Number of people impacted annually:
Approximately 20,000 beneficiaries
Time to intended impact:
Less than 2 years
Benefit to organization:
- Direct benefit to organization
- Indirect benefit to organization
Youth Business International
Submitted by Accenture
Objective
To provide young entrepreneurs with an integrated package of support to help them build and sustain their businesses.
Overview and Main Activities
Youth Business International (YBI) is a global network of independent non-profit members in more than 40 countries that helps young people start and grow their own business and create employment. Accenture helps YBI provide its global network with improved tools, funding, mentoring and training to help disadvantaged young people become successful business entrepreneurs. Through the programme, YBI and its partners have equipped almost 45,000 young entrepreneurs with skills, access to finance and the mentoring needed to build and sustain their businesses. The goal is to reach an additional 30,000 by 2015.
YBI members provide entrepreneurs with a combination of access to capital, mentoring and training and other business development services. This common approach is adapted to local contexts, as members work in partnership with governments, businesses and multilateral and civil society organizations.
- Access to capital: Provides young entrepreneurs with an interest-free loan, repayable over two to three years, to cover the expenses of starting or growing their business.
- Mentoring: Pairs all young entrepreneurs with an experienced mentor from the local business community to guide them through the early stages of establishing a business for on one to three years.
- Technical training: In conjunction with a mentor, YBI members provide technical support and training, which ranges from specific business practice to basic assistance such as bookkeeping and financial management.
YBI members show a 70% average business survival rate after three years and each business creates an average of four new jobs.
Each YBI member is an independent institution and belongs to the global YBI network, which fosters collaboration, such as:
- Shared expertise, such as developing and sharing best practice on the most effective ways to support young entrepreneurs through toolkits, regional workshops and policy reports.
- International resources and platforms to raise awareness of the importance of supporting young entrepreneurs, through initiatives such as the Clinton Global Initiative, G20 Young Entrepreneurs’ Alliance and Global Entrepreneurship Week.
- Leading-edge technology, such as the Salesforce platform, which is slashing members’ operational costs.
A network team coordinates and leads this activity, with additional responsibilities for driving network growth, quality and performance.
About the Organization
Website: www.accenture.com
Sector: Professional Services
Size (number of employees): 100,000+
Headquarters: Dublin, Ireland
For Further Engagement
Contact name: Katie Avari
Contact position: Programme Manager at Accenture
Email: [email protected]