G20 Entrepreneurs Summit ? Mexico City | IoD Blog

Last month I blogged about the journey of the G20 Young Entrepreneurs Alliance (G20 YEA), which is jointly lead in the UK by Young Brits and Prince?s Youth Business International and I also promised to keep you posted going forward. So here goes?

A few weeks ago myself and a group of young entrepreneurs from the UK returned from the G20 YEA summit in Mexico City, which was held in conjunction with the 2012 G20 Leaders? Summit in Los Cabos, Mexico, the leaders summit has only just concluded. Over 400 young entrepreneurs from all G20 countries were present at the summit and their collective message was a simple one: ?The Leaders of the G20 nations must put youth entrepreneurship at the forefront of job and wealth creation?

This voice was articulated in full through the signing of the G20YEA communiqu?, which called upon the G20 Leaders to focus on entrepreneurship as an answer to the issues we are currently facing around youth unemployment and slow economic growth. We handed this communiqu? directly to Felipe Calder?n, President of Mexico and the host of the G20 Leaders Summit at the end of our time in Mexico City.

The main focus of the communiqu? was on five key actions that would provide the driver for inclusive economic growth, innovation, job creation and social cohesion, these actions were:

• Creating a continuum of traditional and innovative funding sources with incentives through all stages of business growth
• Increasing access to simplified information and integrated youth enterprise support with strong knowledge and skills infrastructure
• Promoting a collaborative environment across private and public sectors, civil society and academia, that enables young entrepreneurs to start, grow, learn and have a second chance in business, within their countries and internationally
• Minimizing regulatory and tax barriers for start-up and early-stage businesses to reduce costs and increase efficiencies
• Fostering a stronger youth entrepreneurship culture through promoting and teaching entrepreneurship and raising awareness

The communiqu? concluded by stating that the Alliance and the entrepreneurs they represented, want to work together with their respective governments to help ensure young entrepreneurs and their businesses can play their role in being the architects of the 21st century. You can view a copy of the communiqu? here.

Since the founding of the G20 YEA at the Toronto G20 Leaders summit in June of 2010, I personally feel that it 2 short years we have created something truly unique, pulling together the organisations that represent young entrepreneurs at a national level within all the G20 member nations. The communiqu? which was signed represents their collective views on what they feel needs to be done to provide the catalyst for entrepreneurial growth and development across the globe.

I will leave you with some quote from those who represented the UK at the G20 YEA summit.

Glynn Pegler, CEO of Culture Group, Co-Founder of Young Brits and Lead Delegate from the UK to the G20 YEA Summit went on to say:

?The platform provided by the G20 YES is an amazing opportunity for young entrepreneurs like myself to be able to create positive social change all over the globe. Entrepreneurship is the single biggest creator of employment around the world and so its vital that we create the right environments for entrepreneurs to start their businesses and to flourish.?

Helen Gale, Director of Research and Policy at Prince?s Youth Business International and UK Co-President on the G20 YEA went on to say:

?We are the voice of young entrepreneurs and we welcome the communiqu??s call for integrated youth enterprise support, combining financial with non-financial services.?

Chris Knell, Vice Chairman of the IoDs Young Director Forum and a UK delegate to the G20 YEA Summit gave the following excellent summing up:

?The G20YEA Summit delegates have shown they are the change agents, as opposed to spectators who complain from the sidelines, but take no action to affect change? I will leave you with this, what are YOU going to do to help build that fair and prosperous world?

As Head of Influencer Relations, Alex?s role entails close liaison with IoD members and the wider business community on subjects ranging from leadership, entrepreneurialism and climate change to innovation, technology and global markets. He is the IoD?s representative from many groups including the UKTI?s Asia Task Force, the Joint Economic and Trade Committee (JETCO) for India, and an Ambassador for Global Entrepreneurship Week.

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