• Agenda
  • Initiatives
  • Reports
  • Events
  • About
    • Our Mission
    • Leadership and Governance
    • Our Members and Partners
    • Communities
    • History
    • Klaus Schwab
    • Media
    • Contact Us
    • Careers
    • World Economic Forum USA
    • Privacy and Terms of Use
  • EN ES FR 日本語 中文
  • Login to TopLink

We use cookies to improve your experience on our website. By using our website you consent to all cookies in accordance with our updated Cookie Notice.

I accept
    Hamburger
  • World Economic Forum Logo
  • Agenda
  • Initiatives
  • Reports
  • Events
  • About
  • TopLink
  • Search Cancel

Disrupting Unemployment

  • Preface
  • Case Studies
    • 2020 Legacy of Good Plan
    • 5by20
    • A-B
      • Activate
      • Apprenticeship Programme
      • Apprenticeship Programme
      • Automotive Manufacturing Technical Education Collaborative (AMTEC)
      • Born to Be
      • Bridge Academy London
      • Buen Trabajo (“Good Job”)
    • C-E
      • Centum Learning
      • Cherie Blair Foundation for Women
      • Coletivo
      • Dangote Academy of Learning and Development
      • Digital Jobs Africa
      • Dual Vocational Education and Training Programme
      • Enterprise Gardens
      • Entrepreneurship Mindset Index
      • Escola Escritório Programme
      • [email protected]
    • F-I
      • facealemploi.tv
      • Fast Start
      • Foundation Programme
      • Future Leaders Programme
      • Generation (Social Initiative)
      • Global Education Initiative – STEM Brazil Learning Programme
      • Global Girls Entrepreneurship Project
      • Global Internship Programme for Unemployed Youth
      • Google for Entrepreneurs
      • Helping Women Get Online
      • Infrastructure Leasing & Financial Services Skills Development Corporation
      • Internship Programme
      • It’s TYME and Unlocking Youth Potential (UYP)
    • J-L
      • JOBLINGE
      • Junior Achievement and Marsh & McLennan Companies
      • Junior Power
      • Juntos por el Empleo de los Mas Vulnerable (“Together for Employment for the Most Vulnerable”)
      • LEAP Mentorship and Coaching Development Programme
      • Leveraging Unique Talents of People with Autism
      • Lifelong Learning Apprenticeship
      • Linking Postgraduate Students with Job Opportunities
      • Localizing a Business Process Outsourcing Industry
    • M-P
      • Made in Italy
      • Management Trainee Programme
      • Movement for Alternatives and Youth Awareness (MAYA)
      • National Industrial Training Institute
      • National Youth Policy 2014
      • Nayee Disha (“New Direction”)
      • Nestlé needs YOUth
      • Networking Academy
      • Pan African Graduate Development Programme
      • Partnership for Economic Opportunities through Technology in the Americas (POETA)
      • PepsiCo México Foundation
      • Project Business
      • Prominp
    • R-T
      • REACH Project
      • Satya Bharti School Programme
      • Saudi Aramco Entrepreneurship Center
      • Save the Children and Accenture
      • Sino-German Automotive Vocational Education Project
      • Skills to Succeed Academy
      • Solutions for Youth Employment Coalition (S4YE)
      • StartUp Europe
      • StreetWise Partners Career Ventures Programme
      • Strengthening Rural Youth Development through Enterprise Programme (STRYDE)
      • Sustainable Living Young Entrepreneurs Awards
      • TEACH Ambassadors
      • Teacher Support Programme
      • Think Forward
      • Tshepo 10 000 (“Hope”)
    • U-Z
      • Udaan Programme
      • Upstream Professional Development Center
      • Vocational Training Cooperation
      • Women Development Programme
      • Women Employment Organization
      • Young Entrepreneurs Incubation Programme and Business Skills Development Programme
      • Youth Business International
      • Youth Employment Accelerator
      • Youth Unemployment Initiative
      • YouthActionNet
Disrupting Unemployment   Project Business
Home
Disrupting Unemployment   Project Business
Home
Disrupting Unemployment Home
  • Report Home
  • Preface
  • Case Studies
    • 2020 Legacy of Good Plan
    • 5by20
    • A-B
      • Activate
      • Apprenticeship Programme
      • Apprenticeship Programme
      • Automotive Manufacturing Technical Education Collaborative (AMTEC)
      • Born to Be
      • Bridge Academy London
      • Buen Trabajo (“Good Job”)
    • C-E
      • Centum Learning
      • Cherie Blair Foundation for Women
      • Coletivo
      • Dangote Academy of Learning and Development
      • Digital Jobs Africa
      • Dual Vocational Education and Training Programme
      • Enterprise Gardens
      • Entrepreneurship Mindset Index
      • Escola Escritório Programme
      • [email protected]
    • F-I
      • facealemploi.tv
      • Fast Start
      • Foundation Programme
      • Future Leaders Programme
      • Generation (Social Initiative)
      • Global Education Initiative – STEM Brazil Learning Programme
      • Global Girls Entrepreneurship Project
      • Global Internship Programme for Unemployed Youth
      • Google for Entrepreneurs
      • Helping Women Get Online
      • Infrastructure Leasing & Financial Services Skills Development Corporation
      • Internship Programme
      • It’s TYME and Unlocking Youth Potential (UYP)
    • J-L
      • JOBLINGE
      • Junior Achievement and Marsh & McLennan Companies
      • Junior Power
      • Juntos por el Empleo de los Mas Vulnerable (“Together for Employment for the Most Vulnerable”)
      • LEAP Mentorship and Coaching Development Programme
      • Leveraging Unique Talents of People with Autism
      • Lifelong Learning Apprenticeship
      • Linking Postgraduate Students with Job Opportunities
      • Localizing a Business Process Outsourcing Industry
    • M-P
      • Made in Italy
      • Management Trainee Programme
      • Movement for Alternatives and Youth Awareness (MAYA)
      • National Industrial Training Institute
      • National Youth Policy 2014
      • Nayee Disha (“New Direction”)
      • Nestlé needs YOUth
      • Networking Academy
      • Pan African Graduate Development Programme
      • Partnership for Economic Opportunities through Technology in the Americas (POETA)
      • PepsiCo México Foundation
      • Project Business
      • Prominp
    • R-T
      • REACH Project
      • Satya Bharti School Programme
      • Saudi Aramco Entrepreneurship Center
      • Save the Children and Accenture
      • Sino-German Automotive Vocational Education Project
      • Skills to Succeed Academy
      • Solutions for Youth Employment Coalition (S4YE)
      • StartUp Europe
      • StreetWise Partners Career Ventures Programme
      • Strengthening Rural Youth Development through Enterprise Programme (STRYDE)
      • Sustainable Living Young Entrepreneurs Awards
      • TEACH Ambassadors
      • Teacher Support Programme
      • Think Forward
      • Tshepo 10 000 (“Hope”)
    • U-Z
      • Udaan Programme
      • Upstream Professional Development Center
      • Vocational Training Cooperation
      • Women Development Programme
      • Women Employment Organization
      • Young Entrepreneurs Incubation Programme and Business Skills Development Programme
      • Youth Business International
      • Youth Employment Accelerator
      • Youth Unemployment Initiative
      • YouthActionNet

Share

Key Partners

 

Status

Start year of the initiative:
First investment by UBS Foundation for Social Issues and Education started in 2001, UBS as national partner of YES Switzerland since 2007. Still-ongoing.

Next steps of initiative:
Regional expansion: The initiative is expected to roll out to a further 3,500 students in France, Germany, Italy, and the United Kingdom, leveraging the successful Swiss partnership.

Impact

Country(ies) of impact: 
France, Germany, Italy, Spain, Switzerland and United Kingdom

   

 

Number of people impacted annually: 

In Switzerland:

  • About 5,000 students
  • Over 140 mini-enterprises founded
  • Over 200 volunteers
  • Over 250 teachers

  

 

Time to intended impact:

Less than 2 years

 

Metrics:

  • Corporate community investment
  • Contributions in terms of cash, time, activities and impacts

Benefit to organization: 

  • Direct benefit to organization
  • Indirect benefit to organization

Key Partners

 

Status

Start year of the initiative:
First investment by UBS Foundation for Social Issues and Education started in 2001, UBS as national partner of YES Switzerland since 2007. Still-ongoing.

Next steps of initiative:
Regional expansion: The initiative is expected to roll out to a further 3,500 students in France, Germany, Italy, and the United Kingdom, leveraging the successful Swiss partnership.

Impact

Country(ies) of impact: 
France, Germany, Italy, Spain, Switzerland and United Kingdom

   

 

Number of people impacted annually: 

In Switzerland:

  • About 5,000 students
  • Over 140 mini-enterprises founded
  • Over 200 volunteers
  • Over 250 teachers

  

 

Time to intended impact:

Less than 2 years

 

Metrics:

  • Corporate community investment
  • Contributions in terms of cash, time, activities and impacts

Benefit to organization: 

  • Direct benefit to organization
  • Indirect benefit to organization

Project Business

Submitted by UBS

Objective

To provide youth with practical entrepreneurship education and 21st century skills to build a bridge between school and business, meet employer needs and boost self-employment.

Overview and Main Activities

UBS partners with Junior Achievement-Young Enterprise (JA-YE) to deliver both the Project Business and Company Program initiatives. JA-YE is a non-profit organization that provides practical entrepreneurship education to help youth understand how businesses function. Many UBS employees participate in different Young Enterprise Switzerland (YES) volunteering programmes. UBS is part of the company-award jury and is member of the board of YES Switzerland.

The programmes aim for 85% of participants to get jobs after completing school and 15% of participants to start their own business within five years. They involve students participating in a real entrepreneurship experience (a ‘student company’) where they set up and run their own enterprise in small groups during one academic year. Students develop a business idea, optimize the production process and sell their products on the market, enabling them to put their theoretical knowledge into practice while acquiring important social skills such as teamwork. They learn how the business world works and the role played by entrepreneurship in our society. Teachers are trained by JA-YE to coach and support students. Upon completion, students receive the Entrepreneurial Skills Pass, an accreditation developed in collaboration with the EU, to certify their experience and skills.

UBS employees act as volunteer consultants, providing practical business training for students. In addition, each enterprise team is partnered up with a UBS client. This is a new element to the programme and has proven to be successful.

UBS provides additional support to the partnership by hosting the annual Young Entrepreneurs National Competition, where the top 25 mini-enterprises of the year match up and compete for various awards. Young entrepreneurs gain experience in presenting and selling their products and services to a wide audience.

Company Programs are implemented in over 37 countries and have already reached over 3,000,000 pupils, 140,000 volunteers and 130,000 teachers.

Over the past year, the following outcomes have been achieved across the UBS-funded element of the Company Program in Europe, the Middle East and Africa:

  • 573 students completed the programme, more than the target of 500
  • 276 students signed up to Entrepreneurial Skills Pass
  • 74 schools have participated, more than the target number of 50
  • 55 teachers became involved, more than the target of 50
  • 573 students are developing skills, more than the target number of 500
  • 46 students’ lives have been transformed
  • 32 UBS employees have participated, compared with the target of 50

UBS partners with the following partners to provide Project Business services: Barclays, Microsoft, the EU Lifelong Learning Programme and Junior Achievement.

Success Factors and Challenges

Most critical success factors:

  • Regular communication and dialogue between Young Enterprise Switzerland and UBS
  • Documentation using a formal memorandum of understanding
  • Careful matching of employed volunteers to projects
  • Information sharing between countries and integration with existing parties
  • Close cooperation with internal partners such as marketing and business
  • Continuity of the programme and access to up-to-date business practices

Main challenges:

  • Identifying the right projects
  • Finding partners to support UBS in creating sustainable positive impact while leveraging UBS skills and know-how

Replicability and Scalability

How easily could other organizations implement this initiative?
Easy: The programme is well established and has been successfully delivered with corporate support for many years.

How easily can this initiative be expanded to include a larger number of participants?
Easy: With significant human and financial resources to manage an expanded programme, this could be extended to involve more participants.

About the Organization

Website: www.ubs.com
Sector: Banking and Capital Markets
Size (number of employees): 50,000-100,000
Headquarters: Zurich, Switzerland

Back to Top
Subscribe for updates
A weekly update of what’s on the Global Agenda
Follow Us
About
Our Mission
Leadership and Governance
Our Members and Partners
The Fourth Industrial Revolution
Centre for the Fourth Industrial Revolution
Communities
History
Klaus Schwab
Our Impact
Media
Pictures
A Global Platform for Geostrategic Collaboration
Careers
Open Forum
Contact Us
Mapping Global Transformations
Code of Conduct
World Economic Forum LLC
Sustainability
World Economic Forum Privacy Policy
Media
News
Accreditation
Subscribe to our news
Members & Partners
Member login to TopLink
Strategic Partners' area
Partner Institutes' area
Global sites
Centre for the Fourth Industrial Revolution
Open Forum
Global Shapers
Schwab Foundation for Social Entrepreneurship
EN ES FR 日本語 中文
© 2021 World Economic Forum
Privacy Policy & Terms of Service