Youth Business International (YBI)
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Youth Business International (YBI) was established in 1999 as a partnership between The Prince of Wales International Business Leaders Forum (IBLF). IBLF helps disadvantaged people realize their ambitions to become entrepreneurs by providing business mentoring and start up capital. IBLF is an international educational charity and Company Limited by Guarantee registered UK, whose president is HRH The Prince of Wales. YBI is currently located within the IBLF offices in London.
YBI is the coordinating body of the global network of independent Youth Business Programmes (YBPs) around the world who are locally based, independent initiatives that adopt and adapt the YBI model to meet national needs and conditions, Their purpose is to enable people usually between 18 and 35 years old, to work for themselves, with the help of local business people who share their expectations with the entrepreneurs. YBIs effort is a global focus to reduce youth unemployment and youth poverty globally.
YBI brings together people in the corporate sector, civil society and government, who make their skills, expertise and facilities available on the people’s behalf to provide access to finance, business mentoring and support to entrepreneurs during the start-up and early development of their businesses.
The YBI program delivers a huge range of benefits, from building the employability of people to generating a culture of entrepreneurship and dynamism in the local economy.
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- Over 14,500 people have been set up in the business by 38 YBI programmes around the world.
- Over 70% of these people are still successfully in business in their third year and each new entrepreneur creates an average of 1.71 new jobs.
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