Launch of Global Entepreneurship Week

Students at the Launching of Global Entrepreneurship Week

The Dominica State College and the Dominica Youth Business Trust held a launching ceremony for the Global Entrepreneurship Week.

Government NGO’s and Educational Institutions are increasing their attention on the development of entrepreneurs by developing policies that facilitate and encourage entrepreneurship activity.

DYBT Deputy Chair, Ms. Careen Prevost, says the interest in entrepreneurship is mainly due to the need that entrepreneurs have for the capacity to contribute to the increase in the rate of economic development.

At the end of 2011, Global youth unemployment was 12.6 percent and projected to increase to 12.7 in 2012. In Latin America and the Caribbean, the youth unemployment rate is higher, standing at 14.3 percent.

Global Entrepreneurship Week is the largest celebration of innovators and job creators that bring ideas to life.

At the Dominica State College and the Dominica Youth Business Trust, they are focused on the promotion of youth entrepreneurship in Dominica.

DYBT Coordinator, Ms. Ceaserina Paul, says the young entrepreneurs will be provided with an avenue to discuss the benefits and challenges of youth entrepreneurship.

She hopes that out of forums like this, young entrepreneurs will have the courage to start their own businesses.

Minister for Culture, Youth and Sport, Honourable Justina Charles, says the rate of global youth unemployment has risen and this is cause for concern.

 A panel discussion was held afterwards with Some mentors as part of a DYBT mentors programme.

Activities for the week include “Cashflow 101 The Entrepreneurs Toolkit” on November 13th, and an exhibition on the ground floor or the Government Headquarters on November 15th.

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