Big Ideas Wales looks for young entrepreneurs
This week saw the launch of a campaign to encourage more young people to become entrepreneurs.
The Welsh Assembly Government initiative, under the name Big Ideas Wales, will work to promote entrepreneurship in schools, colleges and universities.
It will provide a new business start-up service tailored for young people and the creation of a network of ‘entrepreneurship champions’ in further and higher education institutions across Wales.
Abi Carter, who recently won ‘Female Entrepreneur of the Year Award 2010’ at the South Wales Business Awards
‘Big Ideas Wales’ will encourage youngsters to develop their entrepreneurial skills and new ideas to become the next Sir Terry Matthews and help drive the economy of Wales forward.
It aims to foster a ‘can do’ attitude in young people so they can take their first steps into business. It will have a strong online focus that will guide them through all the help and advice available.
The move is part of the Welsh Assembly Government’s revised ‘Youth Entrepreneurship Strategy for Wales’ (YES).
Wales ahead of UK average
The Global Entrepreneurship Monitor 2009 report highlighted that there is now a slightly higher proportion of 18-24 year olds engaged in early-stage entrepreneurial activity in Wales (4.3%) compared to the UK average (3.4%).
Graduates in Wales, along with the East of England and West Midlands, top the regional rankings on graduate early-stage entrepreneurial activity rates.
Deputy First Minister Ieuan Wyn Jones said: “Entrepreneurs are the drivers of the economy. One in seven of the Welsh workforce is self-employed and this number is increasing. Those who take the step to create and build businesses ensure jobs and prosperity for the country.”
Education Minister Leighton Andrews said it was important that the education system encouraged people to start businesses.
“We need to create an entrepreneurial spirit among the pupils of our schools, colleges and universities as this group are the key to the future of the Welsh economy,” he said. “This project is about educating people about the opportunities out there and creating the ambition and drive to succeed.
“We will provide guidance, support and advice to help them on this path. To compete in the global economy we need to develop the right mix of education, skills and attitude to succeed.”
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