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01.10.18

Youth Business International and Accenture to reach an additional 75,000 young entrepreneurs

Catalin Parascan
Catalin Parascan

Youth Business International is pleased to announce the renewal of its long-standing global partnership with Accenture for a further three years.

Youth Business International is pleased to announce that long-standing global partner Accenture has awarded the non-profit a US$6 million grant for 2018-2021. The grant will support an additional 75,000 young entrepreneurs to start, grow and sustain their businesses—enabling them to create jobs, build communities and transform lives.

This latest commitment between Accenture and YBI responds to the priorities identified by YBI’s expert member organisations in 52 countries. It will see an increased emphasis on the use of digital and innovative approaches to reach greater numbers of underserved young entrepreneurs globally.

The continued collaboration will focus on supporting innovations led by YBI members; building the network’s digital proficiency and enabling it to reach more young entrepreneurs through digital channels; conducting research to generate new insights and inform delivery; supporting members to scale and develop new business models and income sources, and developing new offerings to equip young people with the skills and entrepreneurial mindset they need to thrive in the changing world of work.

In addition, the partnership will provide new opportunities for Accenture people to engage with the YBI network across multiple countries through virtual mentoring and involvement in network innovations.

Anita Tiessen, CEO of YBI, said: “This is a significant milestone for the YBI network. We welcome Accenture’s continued support and the opportunity to build on the excellent collaborative relationship already established. In the last three years, we have together provided more than 70,000 young people with the skills to start or grow businesses and enabled more than 27,000 young entrepreneurs to start new businesses or strengthen existing ones. We are excited to build on these strong foundations to achieve even greater impact over the coming three years.”

Jill Huntley, Global Managing Director for Corporate Citizenship at Accenture, said: “Accenture is innovating to build more inclusive societies. We are excited to help YBI leverage technology to expand its reach and help more young entrepreneurs achieve their dreams.”

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