Youth and Entrepreneurship
The severe economic situation in Venezuela pushed more than five million Venezuelans to migrate to neighboring countries. For those who stay, however, the future is grim. In 2019, the United Nations High Commissioner for Human Rights reported that despite efforts to increase the country’s minimum wage, salaries only covered 4.7% of the basic food basket. The situation also discourages young Venezuelans from pursuing higher education degrees or seeking business and entrepreneurship opportunities.
Venezuelan solvers counter this situation by implementing a project that leverages local and global partnerships by scaling a unique hybrid online and in-person platform to meet the needs of high-potential youth entrepreneurs from vulnerable backgrounds.
This hybrid model addresses the difficulties of operating under the current COVID-19 by motivating young people to continue their studies and acquire tools and knowledge to strengthen their entrepreneurial ideas and create more significant opportunities and contribute toward the ecosystem.
Through regular opportunities for exchange, connection, mentorship and support from potential financial allies across academia and international corporations, Venezuelan youth have a space for technical support and systematic engagement with business professionals who engage in social responsibility and address crucial public needs. In addition, the program provides a scholarship to the winners, allowing them to raise seed capital as stipends to develop their businesses and transform Venezuela’s business ecosystem.
Focus Areas and Impact
|Entrepreneurship, Economic Growth & Finance|
|Education, Vocational Training & Youth|