World’s young entrepreneurs urge G20 leaders to support “smart entrepreneurship” to address growth and unemployment issues

11-09-2016

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September 10, 2016, Beijing, China – The world’s young entrepreneurs called today upon the leaders of the G20 to address global growth and unemployment concerns by committing to policies that promote entrepreneurship, innovation and enterprise education.

At the seventh annual G20 Young Entrepreneurs’ Alliance Summit more than 300 young entrepreneurs representing half a million colleagues issued a communiqué calling upon the G20 leaders, meeting in Hangzhou, China, to adopt policies based on global consultations with thousands of young entrepreneurs and supported by research conducted for the Alliance by its knowledge partners, Accenture, EY and the G20/G8 Research Group.

On behalf of the EU, the Communiqué was signed by Head of the EU Delegation and Yes for Europe Vice President, Przemyslaw Grzywa, who has also moderated one of the panels. In addition, 2016 President Luca Donelli and VP Mikel Beroiz also attended and contributed to the break out sessions and plenary sessions.

The Alliance’s Beijing communiqué made ten straightforward recommendations to the G20 leaders:

  1. Make entrepreneurship education compulsory for all learners in primary and secondary levels.
  2. Encourage and support the creation of university-based incubators and accelerators in partnership with the private sector, institutions and foundations.
  3. Drive the development of angel networks and alternative innovative funding platforms for young entrepreneurs through targeted incentives.
  4. Implement structural and legal reforms to promote entrepreneurship by reducing costs, bureaucracy, business disruption, and legal gaps.
  5. Enable SMEs to scale through fiscal incentives for scale-ups and its investors.
  6. Implement a policy to assist young entrepreneurs to do trade with others countries.
  7. Establish an electronic World Trade Platform (e-WTP) to simplify regulations and harmonization of customs barriers and tariffs to encourage global e-commerce.
  8. Establish a G20 Entrepreneur Visa to provide multilateral long-term visa and fast-track clearance for entrepreneurs within G20 countries.
  9. Ensure access to reliable/low cost high speed digital infrastructure for start-ups and scale-up businesses.
  10. Build an innovation dialogue among G20 countries.

Download full text of the signed Final Communiqué here!


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Delegates attending the G20 YEA Summit in Beijing.

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From right to left EU Delegation and Yes for Europe VP, Przemyslaw Grzywa, 2016 President Luca Donelli and Italian G20 YEA Sherpa, Nicola Altobelli.

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Yes for EUrope VP Mikel Beroiz during a panel discussion.

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Infographic summarizing Final Communiqué prepared by our member Confindustria Young Entrepreneurs.

 

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About the G20 Young Entrepreneurs Alliance (G20 YEA)
The G20 Young Entrepreneurs’ Alliance (G20 YEA) is a network of leading entrepreneurship NGOs representing over 500,000 young entrepreneurs across G20 countries and the European Union. G20 YEA is building on partnerships and collaboration with governmental, business and civil society stakeholders such as the OECD, ILO, UN, B20, Y20, EY, Accenture and all official G20 engagement groups. In 2016, more than 300 young entrepreneurs and leaders from all G20 countries and additional observer nations attended the G20 YEA Summit in Beijing. For more information and the G20 YEA recommendations to the G20 leaders (communiqué) visit www.g20yea.com.