Background

•225 million youth in developing countries are not occupied with either working or learning.

• Need 600 million new jobs in next 15 years to hold unemployment at current levels.

•Unemployment for youth stands at 2-4 times those for adults in most countries

•Leads to social unrest

•And lost productivity

ISSUE : YOUTH UNEMPLOYMENT

POSSIBLE SOLUTION:

MICROFINANCE BASED

ENTREPRENEURIAL VENTURES

The Big Idea

•Unemployment increasing among youth

•Many social problems need to be solved

•Match the two together

•Create support for success and sustainability

Process SchematicCommunity

IssuesYouth- Own

Ideas

Shared talk/ Conversations

Iterative conversations/ Match youth

groups to problemsFeasibility

Creation of

business planFundin

g

Creation of business

Check goals met

Support by SCORE/mentors

Support byLocal

banks/business

Support byCollege

Professors

Sustain it

First steps

•Issues•All communities have issues they are trying to tackle – From access to drinking water to learning a trade, safety, …

•Step 1•Shared Talk/ Conversations

• Curated by College • Participants : citizenry, government , youth , professors

•Outcome •Prioritized list of issues to be tackled

Next steps

•Step 2 •Match interested youth with issues to be solved . Could be groups or individuals.

•Step 3 •Teams of professors/ citizens/ youth examine their issue for feasibility and practical solutions.

•Set Goals - achievable and reaffirm with first group.

•Step 4 •Get technology experts, social experts, others to showcase solutions for similar problems.

Further…

•Step 5 : Funding. All these need to be small microfinance based. All loan based, no free funds

•The youth with the help of mentors (like SCORE) and professors creates a business plan.

•A small percentage of the first group will start a “social business”, which will be supported by the professor team, mentors, local businesses and government.

•Launch the business•Nurture it. (Team is the Board of advisors)

Iterations

•Each of these steps will have multiple iterations

•Evaluate at periodic intervals for goals met

•Continue the process every year to induct newer youth.

Match issues to capacity to lead to solutions

Social Social IssuesIssues

Human Human CapacityCapacity

SolutionsSolutions