The Big Debate: Is the entrepreneurial ecosystem in Europe actually supporting youth to create new jobs?

 

THE_GREAT_DEBATE

During JADE Spring Meeting Opening Ceremony, five panelists will debate the entrepreneurial ecosystem and it’s power to inspire the new generation to help the economy.

Unemployment is a crucial economic factor for a country. In Europe, unemployment in general has been on the rise since 2008. And youth unemployment rates are generally much higher, even double or more than double, than unemployment rates for all all other ages. By the end of 2014, the youth unemployment in the Europe was 22%. This is why the European Commission needs to define where it wants to be by 2020. To this end, the European Commission proposes that 75% of the population aged 20-64 should be employed by 2020.

Moreover, in a report by World Economic Forum, unemployment or underemployment is the number 1 risk in Europe and it’s likely to impact our society a lot not only in the next 18 months, but its effect may actually follow us for the next 10 years.

VOTE

Jonathan Ortmans, President of the Global Entrepreneurship Network, said that “the globalization of entrepreneurship is producing an explosion of programs, startup communities, policy interventions and investments across the world. Now, ideas, capital and talent speed across borders finding «founder teams» to create new ventures that fuel economic growth and stability. These are exciting times when a new generation of risk takers are levelling the playing field and creating new opportunities for more people.”

It’s essential to invest resources in order to create a sustainable environment that supports the young entrepreneurs opening their own ventures. Independently their educational and social background, all stakeholders need to be prepared to support those ones who want to take risk and that seek for an opportunity every day.

However, the new generation of entrepreneurs, as one of the stakeholders of this ecosystem, must be as agile thinking and efficient as ever. Due to the fact that they have to be their own teachers in order to handle the interaction of so many entrepreneurial variables. This self-directed learning is even more important considering the fact that the demand for new entrepreneurs is in developing economies. As one of the key factors for success being risk acceptance, they have to plan ahead, be wise and also take advantage of technology when efficient absorption occurs.

This year’s JADE International Congress will be on “Challenging the Entrepreneurship Status Quo” and its impact on today’s entrepreneurial ecosystem. Our aim is to facilitate the discussion between the different stakeholders’ representatives: Private and Public sector, Academia and other NGOs.

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