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Youth Entrepreneurship Campaign 2010 18 SEPTEMBER 2006. Outline . About the campaign Current situation Objectives of the campaign Pillars of the campaign Partners in the campaign Key outcomes in campaign Next steps. Current situation.
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Outline • About the campaign • Current situation • Objectives of the campaign • Pillars of the campaign • Partners in the campaign • Key outcomes in campaign • Next steps
Current situation • Entrepreneurship activity amongst SA youth is low as compared to other developing countries • There are major obstacles that contribute to this and the campaign will address these • South Africa has the will and means to achieve the objectives of the campaign • Financial services industry – but requires transformation • Certain programmes that are in place • Progressive government which is pro-development
Objectives of the campaign • Increase Total Entrepreneurship Activity (TEA) and thus, SA’s ranking amongst developing countries • To be Number 1 by 2010 in terms of TEA • Address factors that hamper new entrants and growth of existing entrepreneurs • Contribute towards the millennium development goal of halving unemployment by 2014 • Youth will contribute at least 50% towards attainment of the goal
Pillars of the campaign Entrepreneurship Awareness, Education and skills training Access to Finance, Procurement and Business Support Legislation, Regulation and Policy
Pillars of the campaign • Entrepreneurship Awareness, Education & Skills Training • Entrepreneurship education, awareness raising, skills in SMMEs • Access to Finance, Procurement and Business Support • Access to Finance, Business Development Support, access to procurement opportunities, SMME directory • Legislation, Regulation and Policy • Youth SMME strategy, SARS review, dti processes (CIPRO)
A partnership • Key partners are: • Founding partners: • Nafcoc Youth, SA Youth Chamber of Commerce, SA Youth Chamber of Mining, Umsobomvu Youth Fund, and Commercial Agricultural Youth Chamber. • Academics • Relevant government departments, Metros and parastatals • Private sector initiatives aligned to objectives of the campaign • Media partners • Provincial Task Teams
Target Group for the Campaign • Young women • Young men • Young women with disabilities • Young men with disabilities
Key Activities of the Campaign • Youth Entrepreneurship Research • Stakeholder Mobilisation • Media Campaign • Provincial Roadshows • Resource Mobilisation
Key Outcomes of the Campaign • South Africa’s entrepreneurship ranking to be number One by 2010 • Increased economic participation of young people • 20% of all procurement opportunities awarded to young entrepreneurs • 30% of all 2010 World Cup opportunities awarded to young people prior, during and post the event • Increased support for the Campaign by relevant stakeholders in public and private sector
Key Products and Next Steps • Get formal agreements from stakeholders • Develop database of young entrepreneurs • Youth Entrepreneurship Awards & Competition • Establishment of Mentor-Net • Smart Start Roadshow • Media Campaign, e.g. Radio, TV, Print