The Young Entrepreneurs’ Forum (YEF) of the Islamabad Chamber of Commerce and Industry organized a Pakistan-India Young Entrepreneurs’ Bilateral Summit in partnership with Young Indians, the Commonwealth Asia Alliance of Young Entrepreneurs, and Aman Ki Asha. CIPE provided technical assistance to YEF in organizing the event, which aimed to reduce barriers among young people in the region, change perceptions, and increase peer-to-peer interaction. The event also sought to spur business opportunities, to increase the flow of trade between India and Pakistan. The participants agreed to present a set of joint policy recommendations established to their respective heads of government.
Posts tagged ‘Pakistan’
Peru –The Peruvian Ministry of Production recently launched an entrepreneurship program – Crea y Emprende – for high school students based on the concept of the CIPE-supported EmprendeAhora youth leadership and entrepreneurship program organized by Instituto Invertir. This program was designed by EmprendeAhora alumna and Ministry employee Antonella Romero. It will be carried out in 100 schools throughout Peru, and approximately 5,000 students per year will benefit from the program. The program’s launch event video is available here.
Guatemala – The National Economic Research Center (CIEN) held a press conference to present an institutional report, “Successful Entrepreneurs and Productive Jobs,” to propose ways to strengthen and promote entrepreneurial activity in Guatemala. Seventeen journalists from the major media outlets attended the presentation, including Nuevo Mundo, Emisoras Unidas, Radio Punto, TGW Radio, and news channels TN 23, Noti 7, Telediario, T13 Noticias, and Canal Antigua. This press conference is part of CIPE and CIEN’s effort to increase public support for institutional reform.
Ecuador – Jose Antonio Dutan, Juan Javier Parrales, Evelyn Zamoto, Walter Buenanno, and Rolando Quishpe, participants of CIPE-supported Emprendedores Ecuatorianos youth leadership and entrepreneurship program organized by Instituto Ecuatoriano de Economía y Política held 3 workshops for high school students in Riobamba-Chimborazo, Quevedo-Los Rios, and Loja-Loja, with more than 270 students participating in the workshop. During the workshop, the facilitator and participants learned about and discussed topics in line with those taught by Emprendedores Ecuatorianos such as leadership, democracy, and entrepreneurship.
Pakistan – The Peshawar Women’s Chamber of Commerce and Industry, working under a small grant from CIPE, has put forward to the regional government a set of policy recommendations to benefit women entrepreneurs in the region. This week the Chamber held a closing event for over 100 participants. The Education Minister agreed to consider including basic business education at the middle school level across the province and a regional focus group for women entrepreneurs will be formed to work on the other policy recommendations. The event was widely covered by the press, including: www.brecorder.com/general-news/172/1209294/, tribune.com.pk/story/574773/economic-progress-khyber-pakhtunkhwa-following-vision-to-empower-women, and dawn.com/news/1024068/soft-loans-for-businesswomen-proposed
Last week in Doha, Qatar the World Chambers Congress (WCC) hosted a competition that showcased new and innovative projects from chambers of commerce around the world. Among the 25 finalists in the World Chambers Competition 2013 was the Islamabad Chamber of Commerce and Industry, which put forth its Youth Entrepreneurship Program for consideration.
As the first chamber of commerce in Pakistan to support an initiative focused on youth development and entrepreneurship, ICCI has established an Entrepreneurship Development Center as well as a Young Entrepreneurs Forum. In addition, ICCI is in the process of establishing a business incubation center and has encouraged youth to be an active part of the chamber’s leadership committees. These initiatives are exactly the type of innovative programs that WCC aims to highlight in order to satisfy the new need of business communities around the world.
Read more about ICCI’s time in Doha here.
Washington, DC – CIPE released a new guidebook on youth entrepreneurship programs for chambers of commerce and business associations. Chambers of commerce and business associations play a pivotal role in supporting entrepreneurship; they are uniquely positioned between governments looking to create economic growth and the private sector desire to develop a new generation of employees. This new guidebook is a resource for chambers of commerce, associations, and other business-oriented groups seeking to address some of the obstacles that young people face as they attempt to enter the economy in their communities. By sharing practical lessons from around the world, it serves as a guide to develop or expand successful youth entrepreneurship and employment programs. Download a copy of the newly released Guide to Youth Entrepreneurship Programs for Chambers of Commerce and Business Associations or read more about it on the CIPE Development Blog.
Ecuador – Approximately 50 university students from throughout Ecuador gathered in Guayaquil for the second session of the CIPE-supported Emprendedores Ecuatorianos youth leadership and entrepreneurship program organized by Instituto Ecuatoriano de Economia Politica (IEEP). Business consultant Oswaldo Toscano presented on marketing tools for small and medium-sized enterprises (SMEs), and was followed by SME consultant Felipe Rendón. In one activity, students were divided into groups for a mock business plan competition where they worked through each aspect of business plan development. Students also had the opportunity to work one on one with Toscano and Rendón to hone their individual business ideas.
- Pakistan – With support from CIPE, the economic policy think tank PRIME has partnered with the Youth Economic Forum of the Islamabad Chamber of Commerce and Industry to launch a survey called “Youth Voices on Political Economy.” This survey of 1,200 young people, including entrepreneurs, seeks to evaluate their understanding of the economic and political issues facing Pakistan.
- Afghanistan – The Federation of Afghanistan Craftsmen and Traders (FACT) held a conference on access to credit for entrepreneurs and small and medium-sized enterprises (SMEs). Among the nearly 100 participants were representatives of the Ministry of Commerce, the Ministry of Finance, commercial banks, and leading figures in the business community. FACT outlined a set of policy recommendations to encourage the growth of business, including lowering interest rates on loans and easing collateral conditions. The Ministry of Economy plans to host a follow-up meeting to discuss how to move forward on these recommendations, and the bank officials have pledged to raise these issues at board-level discussions.
- Peru – Approximately 120 university students from throughout Peru gathered at the University of Lima for the third session of the CIPE-supported EmprendeAhora youth leadership and entrepreneurship program organized by Instituto Invertir. The top 10 business plan groups presented their plans to a jury at the beginning of the educational session. The jury, composed of Invertir staff, University of Lima professors, entrepreneurs, and sponsors, chose the three best business plans. These three groups will receive awards and additional training from Invertir after the program in an effort to help them grow their businesses and enrich their entrepreneurial knowledge.
Hernando de Soto to Deliver Keynote Address at CIPE’s Democracy that Delivers for Entrepreneurs Conference
April 9-10, 2013
Pakistan – CIPE Pakistan Deputy Country Director Hammad Siddiqui was in Islamabad to meet with local representatives of Global Entrepreneurship Week (GEW) to discuss follow-up plans for activities held during GEW 2012. It was agreed that CIPE will consider jointly hosting a conference of entrepreneurship teachers from across Pakistan to engage teachers in debates on how entrepreneurship education should be promoted in the country. During his visit to Islamabad, Siddiqui also met with the leadership of the Rawalpindi Chamber of Commerce to finalize plans for the next All-Pakistan Chamber Presidents’ Conference, scheduled for February 25-26. Currently, 22 chamber presidents have confirmed their participation.
Azerbaijan – The Entrepreneurship Development Foundation and the Baku Political Studies Program organized a three-day seminar outside of Baku for 35 Azerbaijani mid-career professionals to discuss the role of youth in promoting market-based economic reform. The purpose of the seminar was to encourage openness and knowledge-sharing amongst colleagues to build consensus on needed areas for reform. The seminar featured seven lectures by six different speakers, which included topics on the future of Azerbaijan’s economy, sustainability of extractive industries, and good governance structures, among others.
Azerbaijan – The Entrepreneurship Development Foundation, along with partnering organizations the Baku Education Information Center and the Baku Political Studies Program, held the first seminar in a 10-week-long course for two groups of 25 university-age Azerbaijani youth aimed to educate them on economic reforms and provide them with effective communications skills by using CIPE Development Institute materials and lectures. In the first seminar, participants watched a lecture given by Nobel Laureate Douglass North titled “Foundations for New Institutional Economics.”
A delegation of young and aspiring entrepreneurs, led by the Young Entrepreneurs Forum (YEF) of the Islamabad Chamber of Commerce and Industry has recently participated in CAAYE Summit in Mumbai. This was a cross representation of entrepreneurs from across Pakistan, with delegates from Punjab, Khyber Pukhtunkhwa, and Sindh, who made their mark during the proceedings of the Summit.
CAAYE (Commonwealth Asia Alliance of Young Entrepreneurs) which is a Commonwealth Secretariat-supported initiative represents 8 countries from the Commonwealth Asia region, namely Malaysia, India, Singapore, Sri Lanka, Pakistan, Bangladesh, Brunei, Maldives. The focus of this year’s Summit was to share best practices and prepare recommendations for improving “access to finance” to young entrepreneurs.
Nearly 200 delegates from the 8 countries met for 3 days in Mumbai to network, build business linkages, conduct field studies, attend learning sessions and jointly prepare a set of recommendations to improve the ecosystem of youth entrepreneurship in the form of an official communiqué that will be submitted to member Governments through the Commonwealth Secretariat.
On November 14th the Islamabad Chamber of Commerce and Industry (ICCI) joined the Center for International Private Enterprise and Kauffman Foundation to celebrate Global Entrepreneurship Week. Aiming to determine obstacles to entrepreneurship, ICCI gathered a large number of young entrepreneurs, established businessmen, and students to discuss key impediments to aspiring entrepreneurs.
Amid their discussion, many participants voiced the opinion that the main objective should be to foster an entrepreneurial culture among youth. CIPE Deputy Country Director Hammad Siddiqui asserts that the only way Pakistan can take advantage of its bulging youth population and push through the hard times of a sluggish economy and few jobs is to provide an environment that encourages youth towards entrepreneurial careers. Some attendees expressed the need for the curriculum in schools to stoke interest in students. While this is absolutely a vital part of building an entrepreneurial ecosystem, it is also important to advocate on the policy side as well. Continue reading ‘Driving Youth Entrepreneurship in Pakistan’ »
Originally posted on the CIPE Development Blog
“Youth have inherent risk-taking ability but do not have the tools and techniques. Our labour force is expanding by 1.5 per cent per annum and there is a great need for job creators rather than job seekers.” Dr Ishrat Husain – IBA Dean and Director
One of the key factors in assessing a business friendly country is to notice the rate of entrepreneurship development. However, the Global Entrepreneurship Monitor (GEM) Pakistan Report 2010 places Pakistan well below many of its peers in this respect.
According to the GEM report, “The established business ownership rate in Pakistan is 4.7%, which is less than the average rate for factor-driven economies (12.6%).” The report also highlights the fact that since Pakistan’s Independence in 1947 from British India, successive governments focused on the development of large-scale industries both in the public and private sector, and policies to promote entrepreneurship and small businesses were neglected. Continue reading ‘Supporting the Next Generation of Entrepreneurs in Pakistan’ »
November 12th marks the beginning of Global Entrepreneurship Week, which is the world’s largest celebration of innovators and job creators who launch startups, bring ideas to life, drive economic growth and expand human welfare. Participating in the activities, the Center for International Private Enterprise’s (CIPE) field office in Pakistan will host a number of group discussions across the country. Targeting final year students and young entrepreneurs, the discussions will focus on determining the obstacles to entrepreneurship that exist and how to go about creating solutions. Sessions will be held in:
Karachi on November 12 at the CIPE Pakistan office.
Islamabad on November 13 & 14 in partnership with the Islamabad Chamber of Commerce and Industry
Peshawar on November 15 with a specific focus on gender in partnership with the Peshawar Women’s Chamber
Lahore on November 17 in partnership with Coffee Shop Gurus.