Amsterdam, the Netherlands – On 10 December 2014, the global online community for young entrepreneurs, Ye! will launch its website at De Autoriteit Financiële Markten (AFM) in Amsterdam. The Ye! website links young entrepreneurs to experienced coaches and investors, useful tools and resources and other entrepreneurial youth across the world. The launch will also feature Ye!’s first pitching event in which ten promising entrepreneurs from the Netherlands and around the world, all under the age of 30, will pitch their businesses to investors, policy makers, bankers and other financial experts. Speakers include Theodor Kockelkoren, Member of the Executive Board of AFM, and Jeroen Roodenburg, Ambassador of the Private Sector & International Cooperation at the Netherlands Ministry of Foreign Affairs.
What is Ye!?
Ye! is an online and offline portal developed by Child and Youth Finance International (CYFI) for the next generation of leading entrepreneurs. Ye! connects young entrepreneurs from across the world and provides them with the ecosystem to help their business thrive. On Ye!, young entrepreneurs can share their experiences, look for country specific resources and access country entrepreneurship guides, apply for coaching and get access to funding opportunities. Developed by a young entrepreneurial team, the portal incorporates ideas and suggestions of young entrepreneurs from different parts of the world, to make sure that Ye! is up to date with their latest needs and best accommodates them. The team will continue to involve the community for feedback so it will truly be the global community for and by young entrepreneurs.
One of Ye!’s entrepreneurs is the 24 yearl old Shadi Al-Hakimi from Yemen. Shadi is CEO of VACSE, a search engine that allows one to find audiovisual material on the internet by content, not only by description and name. Shadi, who has big ambitions, can now share and test his ideas with the world and find support to realize his ambitions;
“To really understand what investors want in a collaboration is always the tricky part. I would like to access Ye! for effective coaching to attract funding.”Ye! supplies the right resources and guidance to those with inspiring ideas, so they can start and scale their businesses successfully. Brainchild of CYFI, the Ye! initiative builds on a strong foundation of CYFI’s global network and success.
Worldwide, 357.7 million youth were not in education, employment, or training in 2010. This number is increasing. Over the next 10 years, 600 million jobs need to be created “in order to generate sustainable growth and maintain social cohesion” (WorldBank, 2012). By stimulating and supporting the next generation of high-level entrepreneurs, Ye! empowers the youth to take control of their own futures and stimulates job creation.
Furthermore, while it is usually relatively easy for young companies to find the initial start-up funds to start an enterprise, the difficulties arise during scale up, as many aspiring entrepreneurs struggle to raise capital to boost the growth of the company to the next level. Ye! provides the necessary coaching and resources, as well as links to potential investors in its global network to ensure that businesses can scale up and sustain their success.
Finally, in today’s world, technology has proven to be a low cost channel for people to connect and have access to resources in a way that has been unimaginable before. Ye! leverages the power of technology and establishes a global online community for entrepreneurs.
Ye!’s ambition is to reach 10 million young entrepreneurs by 2020. With this new online platform, together, we can make this happen. Ye!Find Ye! at www.yecommunty.com from midnight on 9 December 2014.