-ICSE 2020 – INTERNATIONAL CONFERENCE ON YOUTH ENTREPRENEURSHIP-
Unleashing the potential of youth to succeed in business and income generation 14th and 15th December, 2020 At Galle Face Hotel.
Colombo School of Business and Management together with CINEC is organizing the 5th International Conference on Youth Entrepreneurship (ICSE 2020) extending its theme through creating opportunities, breaking barriers and sustaining development for youth entrepreneurs. This conference will bring together academia, scholars and policy makers, researchers, entrepreneurs and the business communities from around the country to discuss the growing needs of facilitating and nurturing the growth of Youth. ICSE 2020 is one of the first conferences of its kind; a multi-disciplinary international conference with research papers expected to be presented in a multi lingual platform.
“ICSE - International Conference on Social Entrepreneurship" is a series of conferences initiated and continued by The Colombo School of Business and Management (CSBM) with the aim of promoting social entrepreneurship locally and internationally.
Every year, CSBM organizes conferences on different themes relevant to different fields and has continued the conference series from 2016 for 4 consecutive years; This year an additional partnership with CINEC enhances the reach of the conference.
ICSE 2016 – Opportunity identification and value creation for emerging economies
ICSE 2017 – Innovations in Social Innovations for Development”
ICSE 2018 – Green Entrepreneurship
ICSE 2019 – Women Entrepreneurship
This year’s theme of the conference will focus on "Youth Entrepreneurship". CSBM champions to promote youth social entrepreneurship and leadership locally and internationally. This conference is organized as a knowledge bridging forum in the practice of theoretic application. The conference is a platform to present individual research and showcase achievements of youth from across the country validate the hard work and inspiring efforts of entrepreneurs who have great success stories to their credit. This conference is initiated and led by CSBM which is the only business school in Sri Lanka to be established and be governed by a combined structure of both top corporate leaders and celebrated senior academics with the aim at promoting a leadership culture that builds multiple competencies in grooming a generation of corporate and business leaders in Sri Lanka and the region. Established as the “Business School for the Nation”, CSBM promotes a novelty in the higher education, professional and executive education, career development while providing a platform for workforce training, research, consultancy and business support by filling gaps in the market.
The Hon. Basil Rajapaksa - Chairman, Presidential Task Force for Economic Revival and Poverty Alleviation will grace the conference as the Chief Guest and Mr. Ashroff Omar, Group Chief Executive Officer, Brandix Apparel Limited has agreed to be the conference Key-Note Speaker. The Hon. Namal Rajapaksa, Minister of Sports and Youth Affairs has agreed to be the Chief Guest of the awards ceremony and Prof. Ranjith Bandara serves as the Chair of the conference.
The youth employment challenge is enormous. But it is not insurmountable. We have a vision of "Unleashing the potential of youth to succeed in business and income generation" in a world where youth can earn a fair income while working in conditions of security, dignity and equality. Getting young people into decent jobs is not just essential for their future, but for the rural development, higher economic growth and improvement of living standard of people. Young people are not only beneficiaries but also contributors for the Sustainable Development Goals 2030 which is the reason youth are recognized as the ‘architects’ of the 2030 Agenda.
Youth is our hope for a better future. Young people are the assets that we need to cherish. There is a growing number of youth that enter the labor market and yet, there are only limited opportunities for job creation which results in unemployment and disengagement. Even unemployment understates the truth of the challenges in the youth labor market. In fact, out of 1.2 billion young people in the world, most live in developing countries, and more than 160 million of them are working while living in extreme or moderate poverty. This threatens the social stability and sustainable development of a country. The Youth population in Sri Lanka is about 4.4 million, which encompasses 23 percent of the Sri Lankan population. According to the National Youth Policy of Sri Lanka, Youth-hood is identified as the age between 16 and 35.
It is vital to discuss about methods of increasing business opportunities among youth. In addition, to integrate youth in creating economic, social, cultural, foreign, and fiscal policies for the creation of a peaceful and sustainable country, the youth should reach and realize their full potential or capacity. The youth leadership can empower itself by exploring current and burgeoning business opportunities. The empowered youth is the next torchbearers, who will strive for a better future. The country will be blessed when its SMEs are run by young leaders.
At ICSE 2020, we recognize youth in every dimension; vulnerable or marginalized youth in a community, indigenous youth, rural and urban youth, youth with disabilities, girls and women, migrant youth, and youth in poverty. This will provide new opportunities for mainstreaming youth in the policy debate and development where governments hold accountable to their international obligation. Investing in youth employment requires a collaborative approach to prioritize job creation while helping youth to overcome specific disadvantages, such as skills mismatch and discrimination. ICSE 2020 focuses on supporting the development of policies, regulations and institutions that enable and encourage the creation of youth-led enterprises.
The ILO, ITC, UNCDF, UNCTAD and UNIDO lead on this thematic priority. ICSE 2020 brings together a growing number of partners who are committed to unleash the potential of youth entrepreneurship through fostering, enabling environments and improving access to productive assets. It is important to tackle skill requirement, knowledge transfer, establish a peer-to-peer support networks, access to adequate information, training, finance and technology towards empowerment of youth through entrepreneurship.
Youth, whom applies initiation, innovation, creativity, risk-taking into the work environment helps to go beyond existing business ideas and achieve new heights in business eco system. Examples: Mark Zuckerberg – Facebook Founder (2004), Steve Jobs – Apple Inc. Founder (1976), Larry Page & Sergey Brin – Google Founders (1998)
Youth-led enterprises trigger youth employment creation, mobilize young people, foster local innovation, improves flexibility in the youth labor market, and encourage their own peers to find new business opportunities.
Many researchers highlight that, rate of establishing a business by adults are substantially higher than rate of establishing a business by youth. This implies that youth faces higher barriers to entrepreneurship than adults, and there is a need for better policies aimed at enabling young entrepreneurs to realize their ambitions. Youth entrepreneur embarks on providing business solution, addressing social problem or advocating new technology and act as a role model for other young people.
Small and medium scale enterprises are the backbone of a country. They can stand with sudden changes and are resilient to economic blows than larger firms in relation to employment growth. The best sustainable business model is empowering innovative, creative risk-taking youth entrepreneurs to entre in to small and medium scale new business ventures through proper business education path.
It is vital to discuss about methods of increasing business opportunities among youth. To do that, ICSE will create a platform for youth to unleashing their potential to achieve success in business and income generation.
The main purpose of "ICSE 2020 - International Conference on Youth Entrepreneurship" is to bring together the resources and expertise of multiple partners to address the generation of business opportunities for youth in every dimension while exploring methods to overcome challenges.
The conference expects to bridge the gap to maximize effectiveness in generating investments in youth business opportunities and build a strategic network alliance with embody youth in policymaking, public sector, private sector, civil societies, international organizations, universities, vocational training centers, coaches and trainers, academics and practitioners, and media in promoting youth entrepreneurship.
The conference adopts a hybrid conference model which includes, keynote addresses, thematic speeches, experience and knowledge sharing of youth entrepreneurs, case studies, panel discussions, selected research study, presentations, and award presentations.
Initiated and lead by the Colombo School of Business and Management (CSBM) which is the only business school in Sri Lanka to be established and governed by a combined structure of both top corporate leaders and celebrated senior academics in the country aimed at promoting a leadership culture that builds multiple competencies in grooming a generation of corporate and business leaders in Sri Lanka and the region.
Established as the “Business School for the Nation”, CSBM promotes a novelty in the higher education, professional and executive education, career development while providing a platform for workforce training, research, consultancy and business support by filling gaps in the market.
Uniqueness about CSBM includes the cutting edge curricular that is practical with holistic strategic perspective, faculty which provides a unique blend of professionals, top corporate leaders and academia who are experts in the respective fields and corporate networking opportunities which provide unparalleled access and openings to be mentored and groomed. At CSBM, a varied and inspiring learning environment is created which disrupts the usual ways of doing business, influencing new ways of thinking to face today’s global business challenges. CSBM is a certificate awarding institution under the Tertiary and Vocational Education Commission of Sri Lanka (TVE) (Amendment) Act No 50 of 1999. All our educational programmes are in compliance with the Sri Lanka Qualification Framework (SLQF).
This two-day conference is aimed at achieving the following conference goals,
1. Bringing together resources and expertise of multiple partners to address the generation of business opportunities for youth in every dimension; vulnerable or marginalized youth in a community, indigenous youth, rural and urban youth, youth with disabilities, girls and women, migrant youth, and youth in poverty.
2. Exploring methods to overcome challenges in youth entrepreneurship.
3. Bridging the gap on maximizing the effectiveness in generating investments in youth business opportunities.
4. Building a strategic network alliance among youth entrepreneurs and facilitators of youth business opportunities
5. Emphasizing the importance of integrating and embodying youth in policymaking and policy debates.
6. Sharing and applying the knowledge of impact evidence-based actions.
7. Recognizing the importance of public sector, private sector, civil societies, international organizations, universities, vocational training centers, coaches and trainers, academics and practitioners
8. Identifying value of digital media in promoting youth entrepreneurship.
The conference is especially designed for multiple stakeholders to unleash business opportunities for youth; vulnerable or marginalized youth in a community, indigenous youth, rural and urban youth, youth with disabilities, girls and women, migrant youth, and youth in poverty.
Also targeted at a large spectrum of,
• Decision Makers and Policy Makers
• Academics and Researchers
• Youth Self Employers and Youth Entrepreneurs
• International Representatives
• Corporates and Philosophers
• Small and Medium Enterprises
• Activists and Humanitarians
• Trainers and Educationalists
• Civil Societies and Youth Organizations
• Opinion Leaders
• Co-networking Spaces and Incubators
Conference speeches, panel discussions and paper presentations are organized around 3 main pillars of,
1. Generating business opportunities and breaking the barriers for youth in every dimension
This looks at unleashing business opportunities for youth to make sure no one is left behind. Encompasses every youth; vulnerable or marginalized youth in a community, indigenous youth, rural and urban youth, youth with disabilities, girls and women, migrant youth, and youth in poverty. Address the challenges, youth continue to encounter in starting and growing their business, including cultural practices, limited mobility, voice and representation. Creation of awareness on hindrance such as gender, socioeconomic, cultural, legal, technological and political factors will be discussed.
2. Maximizing the effectiveness in generating investments for youth business opportunities
This involves with investors, service providers and facilitators to bridge the gap in investment schemes on capital requirement, operational financing and working capital for youth entrepreneurs. Also, looks for an inclusive youth business support scheme including knowledge sharing in financial and non-financial in combine with training and advisory support. Identification on implementing measures to create equal opportunities for youth, including those with disabilities and in poverty on accessing opportunities from service providers and facilitators, to raise awareness on the rights of young people.
3. promoting youth entrepreneurship
This looks at public sector, private sector, civil societies, international organizations, universities, vocational training centers, coaches and trainers, academics and practitioners, and media. The multi stakeholders who engage with youth and contribute on creating inclusive business opportunities for youth, facilitate of sustainable self-employment system, advocate decent work environment, innovative and evidence-based action for youth at country and regional levels.
ICSE 2020 conference will be a hybrid model conference and during the two days' conference, attendees will be immersed in a high-impact program featuring informative keynote speakers who will share actionable strategies on how to build and grow a successful business as a youth entrepreneur. The conference will shed light on problems and barriers faced by youth entrepreneurs and budding entrepreneurs and offer some solutions and support in these areas.
The conference will also feature interactive panel discussions, thematic speeches, experience and knowledge sharing workshop by successful youth entrepreneurs, case studies and research study presentations by researchers, expert panel discussions, chat with successful entrepreneur and hear their success stories and the "Most Outstanding Youth Entrepreneurs" award presentation.
In addition, ICSE 2020 conference create an opportunity to connect and network with inspiring leaders, entrepreneur supporters and influencers from across the country and beyond to create a strategic platform for a sustainable future for the youth.
The conference is organized into different forums.
1. Youth as architecture of Sustainable Development Goals
2. Youth Technopreneurship; Innovation and Resilience
3. Youth empowerment on decision making and representation
4. Role of multi-stakeholders in promoting and conceptualizing Youth Entrepreneurs
5. Access to finance, markets, networks, knowledge and skills for young entrepreneurs
6. Partnership for decent jobs for youth
7. Enabling girls/women for becoming young entrepreneurs
8. Sports as a living for young entrepreneurs
1. The Conference will provide a unique opportunity to connect with academics and connect with various business support organizations; brainstorm your initiatives; initiate a global network; learn from experts; engaging with practitioners and exchanging experiences from across the world.
2. Multi-disciplinary international conference with research papers presentation in a multilingual platform.
3. Selected conference papers are peer viewed by members of the CSBM Board of Study. The papers are processed for publishing as conference proceedings of ICSE 2020 and distributed amongst delegates and available for open access.
4. Selected research papers of the conference are published online on the CSBM International Journal of Entrepreneurship.
5. All papers presented at the conference will remain within the CSBM Research database and will appear in the CSBM annual business research digest published exclusively for corporate clientele.
6. The opportunity to present your research within a unique forum and collaborate with experts from across the globe.
7. In addition, this conference creates a platform to Learn new skills to succeed in business; Gain access to tools and resources to grow your business; network and build new business relationships, empower entrepreneurs to be catalysts of change and appreciate and celebrate the contributions of the entrepreneurs
SRL and KPMG, profound and prominent market research and intelligence company will assist the organizers with the Award Selections which will include four sectors of,
1. Micro / Small and Medium Sector
2. Social Enterprise Sector
3. Innovation and Technology sector
4. Virtual/ Online Sector
5. Startup Sector
6. Sportspreneurship Sector [Manufacturing, Coaching, Fitness Trainers]
1. Best Mentorship for Youth Entrepreneurs [ Gold, Silver, Bronze]
2. Emerging Youth Entrepreneur [Gold, Silver, Bronze]
3. Most Sustainable Youth Entrepreneur
4. Most Impactful Youth Entrepreneur
5. Most Outstanding Young Woman Entrepreneur [Gold, Silver, Bronze]
6. Most Outstanding Young Sportspreneur of the Year [ Gold, Silver, Bronze]
The winners will be presented with the awards and they will be given an opportunity to share their stories of grit and glamour with the budding entrepreneurs to inspire a generation. Thus, the sessions will be incorporated along with the thematic forums as award presentations and storytelling sessions.
To be eligible for the awards, nominees must be 35 years of age or younger on January 31, 2020. If the business is owned by more than one individual, at least 50 per cent of ownership must be owned by 35 years of age or younger. The company must have maintained, and be able to demonstrate, profitability for the last one to three fiscal years.
• A track record of profitability over the last year which can be seen through the submission of financial data (top-line numbers, revenues, expenditures and net positions).
• The company’s vision and goals for the future, including plans for expansion.
• An explanation of growth projections and strategies for financing.
• The business challenges that have been overcome.
• The company’s practices related to employee engagement, empowerment and competitive remuneration.
• Proof or recognition of the business as an industry and/or community leader.
• If shortlisted to further stages, entrants must commit to sharing additional information
• Only individual entries are accepted. If entrants’ initiative has multiple founders, only one person can enter the competition.
• The special awards will be presented to youth entrepreneurs that best exemplifies the qualities of effective leadership, innovative applied know-how, demonstrates financial viability and sound potential for growth, and engages in continuous learning or other improvement opportunities designed to advance the economic, social and environmental prospects of the enterprise. Aged between 16 and 35 at the time of entering their application.
• Demonstrates a clear idea for the future of the business in the areas of business growth, corporate responsibility and financial data.
• Growth beyond the conceptual stage to become an active business with at least twelve months of financial data.
• How has the business made a difference? The ideal business will demonstrate social, environmental or economic impact.
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