Youth Business International - An IBLF Initiative
Youth Business International a part of International Business Leaders Forum. YBI brings together the business world, the society and the government. The expertise of these is used to create a platform for young disadvantaged people to step out of their world and compete in the real world of entrepreneurship. It is targeted for people in the age group of 18-35.
YBI has representative organizations working in many countries which work towards common goals. YBI has achieved considerable success up till now. It has helped 14000 youngsters to set up their business in 30 YBPs around the world. Around 72% of these youngsters are still successful running their business with every new entrepreneur creating at least 3 jobs.
The secret for their success lies in the mentorship program which is a must for every new business funded by YBI. Each entrepreneur who receives funding is allocated a business mentor. The business mentor acts as a consultant and helps the entrepreneur through the ups and downs of the business.
YBI is supported by many international organizations which adds value to its repute and trustworthiness. Among the partners a few notable ones are KPMG, PricewaterhouseCoopers, British Petroleum, Deloitte, Ernst and Young, Rotary International, World Bank etc.
YBI is currently not available everywhere. The organization needs support from local sponsors and organizations in order to expand. It is pretty surprising that Saudi Arabia is the only Gulf country which has an YBP. In the United Arab Emirates there is substantial amount of potential for YBI but its presence is missing.
YBI has representative organizations working in many countries which work towards common goals. YBI has achieved considerable success up till now. It has helped 14000 youngsters to set up their business in 30 YBPs around the world. Around 72% of these youngsters are still successful running their business with every new entrepreneur creating at least 3 jobs.
The secret for their success lies in the mentorship program which is a must for every new business funded by YBI. Each entrepreneur who receives funding is allocated a business mentor. The business mentor acts as a consultant and helps the entrepreneur through the ups and downs of the business.
YBI is supported by many international organizations which adds value to its repute and trustworthiness. Among the partners a few notable ones are KPMG, PricewaterhouseCoopers, British Petroleum, Deloitte, Ernst and Young, Rotary International, World Bank etc.
YBI is currently not available everywhere. The organization needs support from local sponsors and organizations in order to expand. It is pretty surprising that Saudi Arabia is the only Gulf country which has an YBP. In the United Arab Emirates there is substantial amount of potential for YBI but its presence is missing.
by Afiq (AUS BizzWhizz Correspondent)
posted by bizzwhizz at 3:39 PM
2 Comments:
more information can be found at their website YBI
We should have such a thing in the UAE. Thanks for the info.
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