might sound surprising for
an economically dominant and vibrant city like Hong Kong, however
this is in fact the reality. Now, as Hong Kong faces worrying
levels of un- and
under-employment among young people, the Government, along
with the business sector and the NGO community have joined
hands in launching a number of training and placement programmes
to enhance the employability of young people.
One such initiative is to promote youth entrepreneurship.
Under the aegis of The Hong Kong Federation of Youth Groups,
there is a plan to establish Youth Business Hong Kong (YBHK).
YBHK will base itself on the model of Youth Business International,
whose mission it is to bring together members of the Government,
corporate sector and civil society and to provide access to
finance, mentoring and support to young entrepreneurs as they
help start and develop their own businesses.
We believe very strongly that youth entrepreneurship is one
way to help create decent work for young people, while also
greatly contributing to the economic prosperity of an entire
community. From the experiences of Youth Business International,
it has been proved that mentorship and start up funds have
had a 60 per cent success rate, well into at least three years
of young people starting a business.
We call upon all our partners to join in this initiative.
We need the financial resources to get the programme going.
We need business mentoring and support. We need your skills,
expertise, talents and facilities to help the young people
of Hong Kong become entrepreneurs today, in order that they
might be the financial stalwarts of tomorrow.
Please call the Partnership Office on 21239598 for more details.