{"id":6212,"date":"2011-11-03T17:34:37","date_gmt":"2011-11-03T21:34:37","guid":{"rendered":"https:\/\/futurpreneur.ca\/press_release\/young-entrepreneurs-from-around-the-world-propose-practical-solutions-to-the-g20-leaders-addressing-the-economic-crisis\/"},"modified":"2024-03-04T10:21:26","modified_gmt":"2024-03-04T15:21:26","slug":"young-entrepreneurs-from-around-the-world-propose-practical-solutions-to-the-g20-leaders-addressing-the-economic-crisis","status":"publish","type":"press_release","link":"https:\/\/futurpreneur.ca\/en\/press_release\/young-entrepreneurs-from-around-the-world-propose-practical-solutions-to-the-g20-leaders-addressing-the-economic-crisis\/","title":{"rendered":"Young entrepreneurs from around the world propose practical solutions to the G20 leaders addressing the economic crisis"},"content":{"rendered":"\n

YOUNG ENTREPRENEURS FROM AROUND THE WORLD PROPOSE PRACTICAL SOLUTIONS TO THE G20 LEADERS TO ADRESSING THE ECONOMIC CRISIS
\n<\/em><\/strong><\/h3>\n\n\n\n

NICE, FRANCE \u2013 November 3, 2011 \u2013 <\/strong>For the past three days, more than 400 entrepreneurs from the G20 countries \u2013 including a Canadian delegation of 31 young entrepreneurs \u2013 gathered at the G20 Young Entrepreneur Summit in Nice, France to officially call upon the G20 Leaders to formally recognize the role of entrepreneurship in its place at the forefront of global economic renewal.<\/p>\n\n\n\n

The Summit concluded that entrepreneurship \u2013 and more specifically, young entrepreneurs \u2013 is a critical engine for innovation, growth and employment, both in developing and mature countries. The G20 YES identified more than 200 best practices successfully implemented by governments, associations and private sector corporations that will help to remove barriers to entrepreneurship and strengthen the three pillars identified as being of critical importance in boosting entrepreneurship: the development of fertile \u201cecosystems,\u201d clear financing vehicles for each stage of development and the cultivation of an entrepreneurial and risk-taking culture.<\/p>\n\n\n\n

The Summit concluded with a formal request to the G20 Leaders to recognize in their final statement the importance of supporting entrepreneurship as a vital solution to the current economic crisis. The Summit also proposed that the G20 Leaders engage in a collaborative process with their governments to develop an \u201cEntrepreneurs\u2019 Declaration\u201d alongside a pragmatic action plan to boost entrepreneurship within and across the G20 countries. The Entrepreneurs\u2019 Declaration would be based on five founding principles:<\/p>\n\n\n\n

    \n
  1. That G20 governments would recognize the socioeconomic role of entrepreneurship and the importance of encouraging the next generation of entrepreneurs and their role in job creation.<\/li>\n\n\n\n
  2. That G20 governments would commit to implementing national and international policies that foster entrepreneurship and innovation.<\/li>\n\n\n\n
  3. These policies would leverage traditional and nontraditional forms of capital (e.g. private savings and public guarantees, including those from multilateral organizations) to support entrepreneurs as they found and grow their businesses.<\/li>\n\n\n\n
  4. These policies would recognize and address the unprecedented demographic and economic challenges we face in all our nations, in particular youth unemployment.<\/li>\n\n\n\n
  5. The proposed measures would encourage entrepreneurship within and across G20 countries without distorting the marketplace or fostering unfair competition.<\/li>\n<\/ol>\n\n\n\n

    \u201cAt the Canadian Youth Business Foundation (CYBF), we have always recognized that young entrepreneurs are driving force in Canada\u2019s economy and are instrumental in ensuring robust and sustainable growth in Canada,\u201d says Vivian Prokop, chief executive officer of CYBF and founding chair of the G20 Young Entrepreneurs\u2019 Alliance (G20 YEA) and organizers of the Canadian delegation. “Following this summit, we look forward to working with the governments and private sector partners to ensure that our country has the critical foundation of support needed provide both the resources and voices to young business owners from coast to coast.\u201d<\/p>\n\n\n\n

    CYBF hosted the inaugural G20 YES in June 2010, where the primary outcome was the formation of the G20 YEA, an international network of like-minded organizations supporting youth entrepreneurship.<\/p>\n\n\n\n

    To read the complete 2011 G20 Young Entrepreneur Summit Communique, please click here<\/a>.<\/p>\n\n\n\n

    About the G20 Young Entrepreneurs\u2019 Alliance (G20 YEA)<\/strong><\/p>\n\n\n\n

    The G20 Young Entrepreneurs\u2019 Alliance is a collective of leading entrepreneurially-minded organizations representing the G20 countries who seek to promote youth entrepreneurship as a powerful driver of economic renewal, job creation, innovation and social change. The Alliance was founded as a movement to engage the G20 leaders in the cause of youth entrepreneurship, share information across borders, affect positive policy change and create a global network of young entrepreneur advocates while building a collaborative entrepreneurial environment worldwide. Find out more at www.g20yea.com<\/a>.<\/p>\n\n\n\n

    Canadian Youth Business Foundation \u2013 Canada\u2019s Entrepreneur Gateway<\/strong><\/p>\n\n\n\n

    The Canadian Youth Business Foundation (CYBF) is the \u2018go to\u2019 place for youth entrepreneurship. As a national charity, we are dedicated to growing Canada\u2019s economy one young entrepreneur at a time. We look at character not collateral, when providing youth, age 18-34, with pre-launch coaching, business resources, start-up financing and mentoring. We help them launch and sustain a successful entrepreneurial business. www.cybf.ca<\/a>.<\/p>\n\n\n\n

    ***30***<\/p>\n\n\n\n

    CYBF Media Contact:<\/strong><\/p>\n\n\n\n

    Rachel Azagury
    \nSenior Manager, Marketing and Communications
    \nE-mail:     razagury@cybf.ca<\/a>
    \nPhone: 416-408-2923 x2111
    \nCell: 647-834-2923<\/p>\n","protected":false},"excerpt":{"rendered":"

    YOUNG ENTREPRENEURS FROM AROUND THE WORLD PROPOSE PRACTICAL SOLUTIONS TO THE G20 LEADERS TO ADRESSING THE ECONOMIC CRISIS NICE, FRANCE \u2013 November 3, 2011 \u2013 For the past three days, more than 400 entrepreneurs from the G20 countries \u2013 including a Canadian delegation of 31 young entrepreneurs \u2013 gathered at the G20 Young Entrepreneur Summit […]<\/p>\n","protected":false},"template":"","press_category":[],"class_list":["post-6212","press_release","type-press_release","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/press_release\/6212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/press_release"}],"about":[{"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/types\/press_release"}],"version-history":[{"count":0,"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/press_release\/6212\/revisions"}],"wp:attachment":[{"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/media?parent=6212"}],"wp:term":[{"taxonomy":"press_category","embeddable":true,"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/press_category?post=6212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}