The Ivey School of Business at the University of Western Ontario, Canada, is making its business case collection available to university faculty in countries with per capita GDP below $2,000. Faculty members must register to use the cases. See the press release for a list of eligible countries. Here is a list of Ivey’s cases on entrepreneurship.
Archive for July 2010
The Young Entrepreneurs Group of Asia-Pacific has published its 6th newsletter. Contents include:
- Nominees for the Third Asia-Pacific Young Entrepreneur Award
- “Surviving the Global Economic Crisis,” by Secretary Alfonso T. Yuchengco, President Emeritus, CACCI
- “SME Business Incubators,” by Anna Marie Periquet, Chairman, YEGAP
- “Of Family and Business: Thriving Across Generations,” by Jean Henri Lhuillier, Cebuana Lhuillier chain
- “The Golden ABCs in Business,” by Bernido Liu, President, Philippine Retailers Association
Almost 80 young entrepreneurs from across Asia-Pacific gathered in Colombo to share their concerns and discuss opportunities available. The occasion was the 24th CACCI Conference from 5th July to 7th July. YEGAP consists of enthusiastic young entrepreneurs and among them the star of Asia-Pacific YEGAP Chairperson Miss Anna Marie Periquet, who is a known figure in the world of young entrepreneurs, highlighted the efforts of YEGAP. Two of the young entrepreneurs from Japan and Indonesia shared their experiences with the group.
YEGAP has a member base from around 24 countries and expanding. One of the initiatives of YEGAP is the Young Entrepreneurs Award. This year the 3rd award attracted a record 12 nominations from different countries.
How much do young firms rely on external financing? Are they affected by the business environment the same way as older firms? These questions are addressed in a recent paper by a World Bank team: “The Impact of the Business Environment on Young Firm Financing.”
It turns out that “younger firms use less formal finance and use more informal finance relative to older firms” and that “the institutional environment is disproportionally more important for younger firms.” The exception is in low-income countries, where formal financing is limited for all firms.
The city of Jaffna in Sri Lanka is bustling with renewed energy these days — new shops are opening up, shops now carry more stocks, people who vacated Jaffna are coming back, transportation is no longer as big a problem as before, people from the south visit Jaffna — all good signs of a brighter future for the area.
“There is an atmosphere of hope, for business to take off again,” says Pushparaja Janaki, a 26 year old mother from Point Pedro, who runs a hand bag/school bag manufacturing business with her husband. “During the last few months, our business has expanded and we were able to get more orders from our participation at the Jaffna International exhibition held recently,” she adds.
Pushparaja Janaki is one of the beneficiaries who received financial assistance to start and expand her small business through the Youth Business Sri Lanka (YBSL) programme implemented by the Chamber of Commerce and Industry of Yalpanam. This entrepreneur support scheme has helped young entrepreneurs who are either running self employment businesses, or have had an idea of starting a business but did not have capital to do so. Isolated for a long period due to the conflict, these youth do not have any collateral to raise funding, any securable assets, or even guarantors.