Archive for December 6, 2010

Global Entrepreneurship Week 2010

Global Entrepreneurship Week 2010

Global Entrepreneurship Week 2010, the world’s largest celebration of entrepreneurship, will feature millions of people participating in thousands of events in more than 100 countries and all 50 United States. Events will be held November 15-21, 2010, to celebrate innovation, entrepreneurship and creativity. Now in its third year, Global Entrepreneurship Week (GEW) will bring together aspiring and inspiring entrepreneurs, helping them embrace originality, imagination and ingenuity through local, national and global activities.

GEW has grown exponentially since its inaugural event in 2008. Last year more than 7.5 million people took part in an estimated 32,000 events across 88 countries and this year more than 10 million people in 102 countries are expected to participate. Co-founded by the Kauffman Foundation and Enterprise UK, a business-led, government-backed campaign in the United Kingdom, GEW helps develop young people’s knowledge, skills and networks to inspire them to grow sustainable enterprises. Students, educators, entrepreneurs, business leaders, employees, non-profit leaders, government officials and others will participate in a host of activities that are virtual and face-to-face events, large-scale competitions and intimate networking gatherings.

Among this year’s featured activities is Startup Open, a competition for new ventures with high-growth potential. Of the registered participants, 50 will be chosen and recognized as “The GEW 50” – the 50 most promising startups. One of the “most promising” entrepreneurs will receive a free trip to Necker Island, a private property in the Virgin Islands owned by Sir Richard Branson, to network with experienced entrepreneurs courtesy Maverick Business Adventures.

View a video preview of GEW 2010

Other GEW this year highlights will include:

* Creativity World Forum: This annual conference on business creativity brings together entrepreneurs, knowledge workers and policymakers from around the globe to listen to inspiring speakers, exchange ideas and experiences and, of course, network.
* Global Student Entrepreneurs Award: The Global Student Entrepreneur Awards (GSEA) is a catalyst that inspires students and young people to start and grow entrepreneurial ventures. A program of the Entrepreneurs’ Organization (EO), GSEA operates as an international series of competitions for student entrepreneurs who are attending a recognized high school, college or university, who own a for-profit business, are principally responsible for its operation, and have been generating revenue for a minimum of six consecutive months.
* Movers and Changers: This is a nationwide business plan competition run by mtvU and NYSE Euronext to uncover creative capitalists who will launch a profitable and sustainable venture that also provides something positive for a community, the country or the world. These finalists will give their business pitches to the panel, with $25,000 in startup funds awarded to the top idea.
* Who Owns the Icehouse?: A collaboration between Clifton Taulbert’s Building Community Institute, the Entrepreneurial Learning Initiative and the Kauffman Foundation, this activity is a two-part project designed to inspire and engage America’s youth in the unlimited opportunities that an entrepreneurial mindset can provide. This program engages youth through a multimedia program, complete with literature and online resources. The book and the companion online course are scheduled to be released in select cities during Global Entrepreneurship Week. The project will become available nationwide in January 2011.

Global Entrepreneurship Week began with the combination and expansion of two successful initiatives—the debut of EntrepreneurshipWeek USA in 2007 and the inspiration behind it, Enterprise Week in the United Kingdom, which began in 2004. Global Entrepreneurship Week quickly grew into a worldwide movement to unleash the ideas of tomorrow’s entrepreneurs around the world. Events have been held in Australia, Brazil, China, France, Mexico, Nigeria, Pakistan and Uganda, and organizations, ranging from large non-governmental to small community-based groups, have held activities. The roster of participating countries and partner organizations has included many countries with severe economic challenges, suggesting a worldwide understanding of the value of entrepreneurship.

With the goal to inspire young people to embrace innovation, imagination and creativity, Global Entrepreneurship Week will encourage youth to think big and turn their ideas into reality. For more information, visit http://www.unleashingideas.org, and follow @unleashingideas on Twitter. To view a complete list of participating countries and organizations, or to learn more about the Week, visit http://www.unleashingideas.org.
GE

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December 6, 2010 at 7:36 pm

Youth Entrepreneurship Survey 2010

Business Ownership is Attractive to a Substantial Amount of America’s Young People, Survey Reveals

Study shows youth who know an entrepreneur personally have the strongest interest in starting their own businesses; Global Entrepreneurship Week offers channel for young people to connect with successful business owners

Despite America’s lingering recession, its young people remain enthusiastic about one day becoming entrepreneurs. A Harris Interactive® online poll, conducted on behalf of the Ewing Marion Kauffman Foundation, released in conjunction with the start of Global Entrepreneurship Week (GEW), reveals that 40 percent of youth ages eight to 24 would like to start a business at some future point, or already have done so.

Results from the August 2010 survey of 5,077 young people are consistent with a previous study conducted in 2007.

The new survey shows that interest in starting a business is consistent among tweens (eight- to 12-year-olds – 39 percent), teens (13- to 17-year-olds – 39 percent), and young adults (18- to 24-year-olds – 41 percent). Males (45 percent) are more likely than females (35 percent) to be attracted to business ownership.

Youth who personally know another entrepreneur have the strongest interest in starting their own businesses. Among youth who know an entrepreneur, almost half (46 percent) would like to start, or already have started, businesses, compared to only one-third (31 percent) of the young people who do not know a business owner.

Nearly six in ten tweens (58 percent) and teens (59 percent), and even more young adults (66 percent), know someone who has started a business. Typically, the business owners they know are family members. Among 18- to 24-year-olds, however, 29 percent cited a friend as the business owner they know.

Although young adults most often cited building something for their futures or using their skills and abilities as reasons for starting their own businesses, tweens and teens overwhelmingly say that earning lots of money would be the main impetus for business ownership.

Education also plays a role in young people’s views. Youth who want to start a business, or know someone who has, are more likely than other youth to point to education as a factor both in piquing their interest in entrepreneurship and in preparing them to run their own businesses.

A majority of youth—especially tweens (75 percent)—believe that hard work can make them successful in an entrepreneurial or non-profit venture. Overall, fewer than one-third of youth (30 percent among eight- to 12-year-olds and 26 percent among 13- to 24-year-olds) believe business ownership is more desirable than working for someone else.

Young adults prefer the security of working for someone else more than teens do. Nevertheless, the desire to start a business over other careers has risen slightly for young adults (18 to 21 years of age), from 19 percent in 2007 to 25 percent in 2010. In addition, 16 percent of 18- to 21-year-olds today and in 2007 see starting a non-profit as a much more desirable career option than other career opportunities.

Most youth believe that, if they work hard, they can successfully start their own businesses. In particular, 75 percent of eight- to 12-year-olds agree with this statement, as compared to 62 percent of both 13- to 17-year-olds and 18- to 24-year-olds.

Survey Methodology

This survey was conducted online within the United States by Harris Interactive on behalf of the Kauffman Foundation in August 2010, among 5,077 youth ages eight to twenty-four. For eight- to 17-year-olds, figures for age, sex, race/ethnicity, education, region, school location, and parental education were weighted where necessary to bring them in line with their actual proportions in the population. For 18- to 24-year-olds, figures for age, sex, race/ethnicity, education, region, and household income were weighted where necessary to bring them into line with their actual proportions in the population.

December 6, 2010 at 7:25 pm


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