Youth Business China
Encyclopedia
Youth Business China is a non-profit program in the People's Republic of China
that aims to promote youth entrepreneurship
. It is headquartered in Beijing
.
(ACYF), the Ministry of Human Resources and Social Security
, the All-China Federation of Industry and Commerce
, and other agencies in November 2003; YBC is implemented by the China Youth & Children Foundation for Social Education.
By using the tried model from Youth Business International and marshalling resources from all social sector
s of China, especially the business community, YBC provides business mentoring
, seed money
, skills training and network support to young entrepreneurs, thus helps them succeed in business start-up
s.
YBC helps young people aged between 18 - 35 who are unemployed, under-employed and have a viable business idea and the passion for entrepreneurship but who lack business experience and have no access to seed money.
YBC provides young entrepreneurs with between US$4,000 to US$6,600 seed money; one to one accompanied mentoring; knowledge and know-how in running a business and access to business networks
As a non-profit programme with a think-tank function, YBC has been pursuing its goal to "promote entrepreneurship, enhance employability, create job opportunities, revitalise the economy, implement social responsibility and promote social harmony". YBC inspires the potential of youth and encourages them to take action.
In 2005, YBC was accredited as the best practice program by the UN Secretary General's Youth Employment Network
Office China.
established a Chinese center for microenterprise development in cooperation with YBC, providing support and training to microenterprises and enterprise starters to use technology to build and grow their business. It provides accessory training rooms serving surplus rural workers, social youths, college students and migrant workers. The HP Microenterprise Development Program, which was introduced to China in 2007, is a nonprofit community investment program.
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
that aims to promote youth entrepreneurship
Entrepreneurship
Entrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response...
. It is headquartered in Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
.
History
YBC was initiated by the All-China Youth FederationAll-China Youth Federation
The All-China Youth Federation is an organization founded in 1949 that represents many youth groups in China, including the Communist Youth League of China...
(ACYF), the Ministry of Human Resources and Social Security
Ministry of Human Resources and Social Security of the People's Republic of China
Ministry of Human Resources and Social Security of the People's Republic of China is a ministry under the State Council which is responsible for national labor polices, standards, regulations and managing the national social security. This includes labor force management, labor relationship...
, the All-China Federation of Industry and Commerce
All-China Federation of Industry and Commerce
The All-China Federation of Industry and Commerce is a non-governmental chamber of commerce, established in 1953 as a successor to the chambers of commerce that were first founded during the Qing Dynasty...
, and other agencies in November 2003; YBC is implemented by the China Youth & Children Foundation for Social Education.
By using the tried model from Youth Business International and marshalling resources from all social sector
Social sector
Social sector is one of several terms created as alternatives to nonprofit sector and nongovernmental sector. The latter are seen as putting an emphasis on what this sector is not, rather than calling attention to its focus on a social mission..Other terms that have been proposed are voluntary...
s of China, especially the business community, YBC provides business mentoring
Mentoring
Mentorship refers to a personal developmental relationship in which a more experienced or more knowledgeable person helps a less experienced or less knowledgeable person....
, seed money
Seed money
Seed money, sometimes known as seed funding, friends and family funding or angel funding , is a securities offering whereby one or more parties that have some connection to a new enterprise invest the funds necessary to start the business so that it has enough funds to sustain itself for a period...
, skills training and network support to young entrepreneurs, thus helps them succeed in business start-up
Startup company
A startup company or startup is a company with a limited operating history. These companies, generally newly created, are in a phase of development and research for markets...
s.
YBC helps young people aged between 18 - 35 who are unemployed, under-employed and have a viable business idea and the passion for entrepreneurship but who lack business experience and have no access to seed money.
YBC provides young entrepreneurs with between US$4,000 to US$6,600 seed money; one to one accompanied mentoring; knowledge and know-how in running a business and access to business networks
As a non-profit programme with a think-tank function, YBC has been pursuing its goal to "promote entrepreneurship, enhance employability, create job opportunities, revitalise the economy, implement social responsibility and promote social harmony". YBC inspires the potential of youth and encourages them to take action.
In 2005, YBC was accredited as the best practice program by the UN Secretary General's Youth Employment Network
Youth Employment Network
Youth Employment Network is a joint UN, World Bank and ILO initiative to act as vehicle to address the global challenge of youth employment....
Office China.
Cooperation
In September 2008, HP ChinaHewlett-Packard
Hewlett-Packard Company or HP is an American multinational information technology corporation headquartered in Palo Alto, California, USA that provides products, technologies, softwares, solutions and services to consumers, small- and medium-sized businesses and large enterprises, including...
established a Chinese center for microenterprise development in cooperation with YBC, providing support and training to microenterprises and enterprise starters to use technology to build and grow their business. It provides accessory training rooms serving surplus rural workers, social youths, college students and migrant workers. The HP Microenterprise Development Program, which was introduced to China in 2007, is a nonprofit community investment program.
Working team
YBC National Office Working Team- Gu Liping - Director General of YBC
- Yang Huadong - Executive Director of China
- Zhang Huiling - Executive Director of China
- Chen Hao - Director of YBC National Office
- Cui Zhiru - Project Manager of YBC
- Zou Shujun - Project Officer of YBC
See also
- Youth Business International
- Micro-enterpriseMicro-enterpriseA micro-enterprise is a type of small business, often registered, having five or fewer employees and requiring seed capital of not more than $35,000. The term is often used in Australia to refer to a business with a single owner-operator, and having up to 20 employees...
- Micro-finance
- E-mentoringE-mentoringementoring is a means of providing a guided mentoring relationship using online software or email. It stemmed from mentoring programs with the invention of the internet, and began to gain popularity around 1993...
- China Youth Development FoundationChina Youth Development FoundationThe China Youth Development Foundation is a national non-profit and non-governmental organization founded in March 1989 in Beijing. The CYDF works to develop Chinese youth through education, science and technology, culture, physical education, health, and environmental protection...
- List of charities in China
- List of NGOs in China