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DIFFERENT YOUTH GROUPS – DIFFERENT
LEARNING/ ACTION LEVELS
DIFFERENT ASPIRATIONS LEVELS
Defining your target group at the outset
Employed
(public/ private
sector)
Survival and
self-employed
out of necessity
Additional
income/ hybrid
entrepreneur
Self-employed
(also
temporary)
Micro
entrepreneur
Small
entrepreneur
Medium
entrepreneur
DIFFERENT COMBINATIONS / STAGING IN TIME
Full time
Part time
Intermittent
Hybrid
DIFFERENT YOUTH GROUPS DIFFERENT
FINANCING NEEDS
APPROACHES AND LESSONS TO LEARN
• Primary school – Wijzer met geld zaken – financial education
• Primary schools - Aflatoun and Child and youth International – appreciation
of savings for investment
• Secondary / vocational level – Jong ondernemen, mentoring and mini
business exercise
• Vocational – preparing for employment and self-employment : basic
Business course san BDS referrals - important factor Age… example of
BEST - Ethiopia with job placement programme
• Higher education
• University level – technology development , incubators - example Caballero
factory – business centre – linking to informal investors – jong Ondernemen
• Unemployed youths –special programmes , key element the selection ,
coaching and linking – Dream start
Self financing
Friend
family,
crowd
funding
Developm
ent costs
of
platforms
Micro finance,
special
programmes,
Micro finance
schemes/
funding and
capacity
Banks,
special
funds
Guarantee)
funds, loan
founds,
training of
staff
Informal
investors,
P2P
Platform,
investmen
t funds
DILEMMAS IN FINANCING (YOUTH ENTREPRENEURS
• Do it yourself vs. specialized financing entity
• Eligibility vs. Selection
• Assisting vs. Helping (and till when?)
• Supervision vs. Collection
• Moral responsibility vs. Desired success
• Integrated approach vs. complementing services
• Financing vs business development costs
• Special programmes vs. Mainstreaming
• Selection
• Age and job placement
• Prepare the youth but with in phased
way : interest, awareness,
entrepreneurship training ,
implementation skills
• Phased approach – during classes and
after start Savings first vs
lending/investing later
• Financial education (do not overstress
financing!)
• No graduation
• Mainstreaming
Modern ways of dealing with things
• Access to financing (Crowdfunding)/ P2P
• Social (Web-based) Networks and how to
bring BDS in
• Access to information (but how to use it)
• Other ways of experimenting
• Time horizon – part time intermittent
• Combining activities (hybrid forms)

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The key ingredients of financial support for youth entrepreneurs

  • 1.
  • 2. DIFFERENT YOUTH GROUPS – DIFFERENT LEARNING/ ACTION LEVELS
  • 3. DIFFERENT ASPIRATIONS LEVELS Defining your target group at the outset Employed (public/ private sector) Survival and self-employed out of necessity Additional income/ hybrid entrepreneur Self-employed (also temporary) Micro entrepreneur Small entrepreneur Medium entrepreneur
  • 4. DIFFERENT COMBINATIONS / STAGING IN TIME Full time Part time Intermittent Hybrid
  • 5. DIFFERENT YOUTH GROUPS DIFFERENT FINANCING NEEDS
  • 6. APPROACHES AND LESSONS TO LEARN • Primary school – Wijzer met geld zaken – financial education • Primary schools - Aflatoun and Child and youth International – appreciation of savings for investment • Secondary / vocational level – Jong ondernemen, mentoring and mini business exercise • Vocational – preparing for employment and self-employment : basic Business course san BDS referrals - important factor Age… example of BEST - Ethiopia with job placement programme • Higher education • University level – technology development , incubators - example Caballero factory – business centre – linking to informal investors – jong Ondernemen • Unemployed youths –special programmes , key element the selection , coaching and linking – Dream start
  • 7. Self financing Friend family, crowd funding Developm ent costs of platforms Micro finance, special programmes, Micro finance schemes/ funding and capacity Banks, special funds Guarantee) funds, loan founds, training of staff Informal investors, P2P Platform, investmen t funds
  • 8. DILEMMAS IN FINANCING (YOUTH ENTREPRENEURS • Do it yourself vs. specialized financing entity • Eligibility vs. Selection • Assisting vs. Helping (and till when?) • Supervision vs. Collection • Moral responsibility vs. Desired success • Integrated approach vs. complementing services • Financing vs business development costs • Special programmes vs. Mainstreaming
  • 9. • Selection • Age and job placement • Prepare the youth but with in phased way : interest, awareness, entrepreneurship training , implementation skills • Phased approach – during classes and after start Savings first vs lending/investing later • Financial education (do not overstress financing!) • No graduation • Mainstreaming
  • 10. Modern ways of dealing with things • Access to financing (Crowdfunding)/ P2P • Social (Web-based) Networks and how to bring BDS in • Access to information (but how to use it) • Other ways of experimenting • Time horizon – part time intermittent • Combining activities (hybrid forms)