Joe Mahoney 2015-05-23 04:47:22
ENTREPRENEURSHIP IS AN INTEGRAL PART OF THE BERMUDIAN ECONOMY. Whether it is supporting the international financial services sector, the tourism industry or local economic infrastructure, Bermudians have excelled at innovation and creativity. Championing this is the Youth Entrepreneurship Initiative, a registered Bermuda charity with a mission to foster the development of an entrepreneurial spirit amongst the youth of Bermuda, and to herald the accomplishments of Bermuda’s aspiring young entrepreneurs. The YEI operates under the premise that the training of youth entrepreneurs is a sustainable solution that responds to the needs of market changes by creating a dynamic responsive work force. The refinement of business skills leads to the growth of leadership abilities in youth, teaching them to take the initiative for change in their own lives and societies that they know. The YEI accomplishes their mission through a number of direct and indirect service programmes that utilise cutting-edge technologies in workshops, courses and competitions delivered through public/private partnerships. Since incorporating in 2002, their core programme, BizCamp (conducted each summer in partnership with the Department of E-Commerce), has directly served over 700 youth ages 13 to 19. In 2008, the YEI spearheaded the formation of the Bermuda Host Committee for Global Entrepreneurship Week in partnership with the Bermuda Economic Development Corporation and Department of E-Commerce (gew.bm). GEW is the world’s largest celebration of entrepreneurship held in 125 countries with millions of people participating in nearly 34,000 events — from workshops to networking and mentoring activities to business plan competitions — that offer them a chance to look inside themselves and “try out their startup” risk-free. Feature events in Bermuda include the Rocket Pitch business plan competition, the Technology Innovation Awards and the Future Agro Challenge, in which two young Bermudians captured the top prize at the International FAC held at Industry Disruptors 2014 in Athens, Greece.
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