Fostering entrepreneurship and youth employment in Asia- Asia Series

Written by: Alberto Cremonesi, Board of Directors, Impact Hub. 

Asia has the largest youth population in the world. According to UNDP, there were approximately 718 million young people between the age of 15 and 24, a number that is rapidly growing. However, according to the same source, approximately 40% of them are either underemployed or unemployed – which means that over 300 million young people face economic insecurity.

Entrepreneurship is seen as an alternative to unemployment. In a region with a high prevalence of family businesses, helping youth to enter the entrepreneurship arena becomes not only a desirable outcome but can also help to boost the economy and create job opportunities.

These are the key considerations behind the recently concluded Asia-Pacific Forum on Youth Leadership, Innovation and Entrepreneurship hosted by UNDP China and the All-China Youth Federation in Guangzhou on November 4th-7th, 2019.

This second edition of the Forum – an initiative of the UNDP’s Regional Youth Program which was created to tackle the challenges that young people in the Asia-Pacific face and that contributes directly to the achievement of the Sustainable Development Goals (SDGs) for China – represented a unique opportunity for stakeholders from all over the Region – from governments to NGOs; from community lead initiatives to ecosystem alliance partners and innovators – to exchange knowledge and experiences on youth-led entrepreneurship and social innovation in Asia-Pacific. 

Convening over 200 participants, the Forum was mainly a great opportunity for networking. It brought together like-minded people, allowed for the sharing of experiences and best practices and paved the way to vision 2030 for youth in Asia.

More information about the Forum and all the activities under the UNDP Regional Youth Program can be found at the Youth Co:Lab: https://www.youthcolab.org/content/youthcolab/en/home/events/asia-pacific-forum-on-youth-leadership–innovation-and-entrepren.html

About the author:

Alberto is a member of the Board of Directors of Impact Hub Global Network and the founder of Impact Hub Phnom Penh. His focus is on the field of social entrepreneurship and social innovation, non-for-profit management and corporate non-market strategies. He is particularly interested in understanding the processes through which entrepreneurs construct new models and markets, and the growth and scaling up processes of new ventures in order to maximize economic and social impact. Alberto has been living and working in Asia for over 15 years. 

Alberto holds an executive MBA from IE Business School. In life, he continues his quest to find the perfect espresso coffee outside of Italy.

 

 

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