You are here: Home Knowledge Base Innovation, Dynamism and Entrepreneurship Solutions Tackle youth unemployment and promote youth entrepreneurship through education and active labor market policies
Symposium 2013

Solution for Innovation, Dynamism and Entrepreneurship

The Challenge

Innovation as the foundation of economic dynamism and prosperity is a complex process involving contributions from various players. In particular it deals with the transformation of basic science into ...

Innovation as the foundation of economic dynamism and prosperity is a complex process involving contributions from various players. In particular it deals with the transformation of basic science into rival proposals that improve the well-being of mankind. For more than 200 years technological innovation has driven economic development. All growth is based on innovation. The process of innovation involves complementary contributions from science, from entrepreneurs, from the financial markets, from the investment community and from government.

Tackle youth unemployment and promote youth entrepreneurship through education and active labor market policies

To avoid skipping an entire generation of innovators, it is essential to find an immediate cure for today's unemployed young people. One mechanism is to support those who want to become self-employed through active labor market policies. Longer term, every young person should attend at least one action-driven entrepreneurship class during their education (either in the later stages of secondary education or the early stages of tertiary education). The goal is not to get everyone to become an entrepreneur and start businesses but rather to expose them to the everyday challenges of setting up and running a business.

    Related Solutions

    Solution
    Symposium 2013

    Recognize the key role that activist governments can and do play in encouraging innovation

    Recognize the key role that activist governments can and do play in encouraging innovation

    Recognize the key role that activist governments can and do play in encouraging innovation

    Polity, Academia, Business, Civil Society
    Solution
    Symposium 2013

    Recognize that innovation is typically disruptive, often emerging from trial and error, repeated failure and financial speculation

    Recognize that innovation is typically disruptive, often emerging from trial and error, repeated failure and financial speculation

    Recognize that innovation is typically disruptive, often emerging from trial and error, repeated failure and financial speculation

    Polity, Academia, Business, Civil Society
    Solution
    Symposium 2013

    Provide access to financial literacy so everyone has the opportunity to be an entrepreneur

    Provide access to financial literacy so everyone has the opportunity to be an entrepreneur

    Provide access to financial literacy so everyone has the opportunity to be an entrepreneur

    Polity, Academia, Business, Civil Society