This document discusses promoting entrepreneurship in developing countries. It begins with an overview of global youth unemployment trends and how new businesses are major job creators. Specifically, businesses under 5 years old create the majority of private sector jobs. The Empretec program, developed by UNCTAD, is highlighted as an effective method of entrepreneurship development through workshops that develop personal entrepreneurial competencies. Evaluations of Empretec found businesses experienced increased profits and employment after participating entrepreneurs completed the program. The document advocates for national entrepreneurship policies and strategies based on UNCTAD's policy framework to support startups and job growth.