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Fostering Youth Enterprise

• Regions have the ability and opportunity to foster the creative potential of their young Citizens

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European Union

Supporting the Lisbon Declaration the Council of European Education Ministers included entrepreneurship as one of the pillars supporting the education of young people.

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How do people become Entrepreneurs

• by education? • due to their natural personality?• by chance? or • through opportunity?

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• It may not be possible to develop an entrepreneur by teaching but

• It is possible to develop skills for young people to become enterprising in the work domain and in the social domain

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• From a core of enterprising young people entrepreneurs will emerge

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Skills and competences to be enterprising

Being self reliantBeing creative Capable of analytical thinkingTask focusedResponsible for own and others

actionsAbility in communication

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• Handle conflict• Economic awareness• Getting results

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Procedure• An officer responsible for the

scheme• A coordinator• Companies recruited• Companies appoint engineer to set

problem and be a mentor• Students selected on a team basis

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Community Visioning

• Concept is to involve a local community, through a conference, in producing a vision and from the vision develop an action plan

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Sustainable development

• A vision without a task is but a dream

• A task without a vision is drudgery• A vision and a task is the hope of

the world

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Entrepreneurial skills and competences

• Achieved by working with adult experts on a real problem with a defined need.

• The challenge of working as a group to solve the problem within a time frame.

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Princes Trust• Young People with a business idea are

interviewed by a business adviser who assists in the development of a business plan

• Grant given of between 3000 and 4000 euros

• Business adviser as mentor to support

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Success story• Last year the Princes Trust helped

3,452 young people start a new business and supported a further 6,197

• 75% first year starts continue• Over 50% still going after 4 years

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Fostering Young Entrepreneurs

• Provide opportunities at school for work on group projects set by professionals with the support of experts.

• To develop an enterprising spirit• Support those with good business plans

with a personal mentor and some capital

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Regional Support• Use regional resources, human and

financial to add value to school programmes by offering projects that are real and where solutions are needed by enterprises or the local community. Teams supported by an expert

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Regional Support• Provide support to young people with

business ideas • Support through a programme that

provides help with a business plan• And further mentoring to help client

overcome problems for the first year and on demand after then