Young Entrepreneurs Unite in November

A week of social entrepreneurship began November 16th around the world.

Opportunity, inspiration and a whole lot of innovative energy took place at the second annual Global Entrepreneurship Week.  The local events and activities were run by youth under 30 years old.  Events included global and local competitions, panel discussions with mentors, and skill-building games. Youth organizers were encouraged to seek local community administrators, entrepreneurs and mentors to participate in their local entrepreneurship event.  

The New York Stock Exchange Euronext, an entrepreneurship foundation hosted the second annual “Mentoring Madness” event at the New York Stock Exchange in Manhattan.  The event featured guest star entrepreneurs: Calvin “Snoop Dogg” Broadus, Blake Mycoskie, Founder of TOMS Shoes; Stephen Hanson, Founder and President of B.R. Guest Restaurants; and Barry Sternlicht, Chairman and CEO of Starwood Capital Group. MtvU “Movers & Changers” competition will select their winner; a prize worth USD $25,000 in start-up funds.

Currently, there were a total of 4999 activities planned for Global Entrepreneurship Week 2009.

Competitions encouraged social responsibility, leadership and innovation.Global Cleantech Open Ideas Competition seeks new ideas for technologies, products, marketing campaigns or systems working to solve energy and environmental issues. Global Cleantech Open Ideas.com sponsored and provided judges for the competition. The winner receives prizes, designed to jump-start the fledgling companies. EcoFactor.com was the grand prize winner of $250,000 and an additional $100, 000 in seed capital. This company entered the contest with a personalized residential energy management solution for heating, ventilation and air conditioning.

There were two student contests. The Global Student Entrepreneur Awards is a competition for undergraduate students running a business. The competition is run by Entrepreneurs’ Organization, a community of entrepreneurs worldwide. The winner will receive USD $150,000 in cash and prizes. Canandian Milun Tesovic of Simon Fraser University won for his MetroLyrics, his popular music lyrics Web site. The Prince’s Youth Business International Award was the only award determined by the online community. Youth Business International asks voters to chose from the top 12 nominees drawn from a pool of entrepreneurs 40 different countries. Argentinian Juan Ramón Nuñez won this year’s award for his audiovisual business, The Light of Sound.

The judges said, “We chose Juan Ramón because he displays a true entrepreneurial spirit of not accepting his lot, striving against adversity and identifying a market and then attacking that market through a scaleable business. He is a true inspiration and we wish him success in the future.”

Last year, Global Entrepreneurship Week featured only one competition for top young entrepreneur sponsored by Make Your Mark. African Carribean Society (ACS) won a day’s consultation with Kwiqq. ACS is a student-led network which seeks to connect people of African and Caribbean cultures through social, cultural and educational activities in the UK. ACS now has 20 participating universities throughout the UK. The organization also won the Rising Star Award 2009 from NW EMBF.

The online community inspired and fueled each other by contributing to the community page, Speed the Global Network. Video chats, forum discussions and messages can be posted on the community page by leadership from different communities as well as entrepreneur enthusiasts. Participants also connected and shared documentation of their events on the social media channels such as Facebook, UTube, Flickr and Twitter.

The Global Entrepreneurship Week began five years ago an event spear-headed by UK Enterprise, an organization fostering entrepreneurship in the UK. Last year, UK Enterprise turned their annual entrepreneurship week into a global event. There were 3.06 Million participants from 77 countries.

The sponsor of Global Entrepreneurship Week was NYSE Euronext.

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