Overview of I.E.A Youth Chapter ( IMIEA-YC )
The International Entrepreneurs Association - Youth Chapter (IEA Youth Chapter) is the youth wing network platform established under the flagship of International Entrepreneurs Association, United Kingdom that advocates the culture of entrepreneurship around the world. Other than that, IEA YC engages and empowers youth to enhance their contribution in nation development process, social transformation with the participation of young people, government and stakeholders.
IEA Youth Chapter , under the auspices of the IEA Adult Chapter engaged opportunities tailored to specifically suit the needs of innovating, aspiring and cultivating ‘Young Entrepreneurship Spirit’ among Youths and Students who are eager to discover more experience and knowledge about the business world. Aimed with its prospects to provide practical experiences and programs which are deemed beneficial towards the upbringing or more innovative and creative entrepreneurs among youths, the IEA Youth Chapter is founded strongly to support ‘Experience-based’ education, outside from the formal tertiary education of colleges and higher-learning institutions.
Trent and Global Initiative
The world is experiencing one of the most extraordinary periods in history. The power equation continues shifting across countries and regions, while rapid changes unfold in the marketplace reshaping both the political landscape and the interactions between governments and businesses. The financial crisis, combined with rising inflation and the consequent slowdown in global demand, has engendered significant insecurity about the outlook of the world economy.
Youth unemployment has become the biggest developmental challenge in almost every country in the world in the 21st century. The high unemployment rate of university graduates nowadays is a real worry among students and policy makers. Within the fresh graduates scenario it is dynamic, segmented and critical.
Objective IEA Youth Chapter
The membership of IEA Youth Chapter falls within the International Member of IEA (IMIEA) category, which afford for the external channel that have the intention of collaborating with IEA and being part of IEA Youth Wings. IEA youth chapter is a platform created to offers learning opportunities between students and entrepreneurs in order to foster a global entrepreneurship community.
In conjunction with Professional Educational Qualification of International Entrepreneurs Association was, IEA Youth Chapter form for the purpose to become a well-recognised establish youth association committed towards sharing the resources among students and alumni of IEA of delivering the network and channel within IEA needed by youth to promote and engage youths to cultivate the “Entrepreneur Spirit.
Benefits and Opportunities
The establishment of IEA YC is mainly created to provide an alternate pathway for improvement and learning ground to cultivate potential young generation of mind set to be more self-independent and work out their ways of new business ventures.
IEA YC emphasize for making the youth concerns and experience an integral dimension of the design, implementation, monitoring and evaluation in economic and social sphere. Culture of IEA Youth Chapter is deemed beneficial towards the upbringing or more innovative and creative entrepreneurs among youths and students in skills improvement, personal development and eye-widening exposures.
Perception about Youth Entrepreneurship
"Entrepreneurship is the process of identifying, developing, and bringing a vision to life. The vision may be an innovative idea, an opportunity, or simply a better way to do something. The end result of this process is the creation of a new venture, formed under conditions of risk and considerable uncertainty."
Many young people believe that once they are given enough resources, they could easily establish and successfully run a business enterprise. So, they perceive that the major obstacle to their entrepreneurial activity is the lack of funding. Although the lack of collateral prevents many young people from starting- up their own businesses, the experience, however, shows that this is only a part of the problem. The potential of the business idea, in terms of the existing and future demand for products or services, is of great importance as well.