Young people chose their own career paths in The Next Economy programme. Over a 6-month period, each cohort was provided with the skills and opportunities that were needed to succeed in either employment or entrepreneurship. In each of these career tracks, they were given access to high quality learning content and were linked to coaches, peers, and alumni that help them build the confidence and connections needed to earn a sustainable income and fulfill their potential.
Core Life Skills
Core Life Skills Training laid the crucial foundation for youth seeking the right job. It provided them with essential skills to understand themselves, define career goals aligned with their interests and ambitions, and develop professional skills. Upon completion, participants decided whether to pursue a path to either employment or entrepreneurship.
Young women encounter greater challenges in securing employment and succeeding in business. To address this inequity, TNE incorporated a range of strategies to make sure that participants, project staff, and businesses were better equipped to support young women participants’ transitions to work and business. These initiatives helped raise awareness of the issues that women face, and supported organizations to solve them.
Active focus was laid on building partnerships between and amongst entrepreneurs, entrepreneur support organizations, educational institutions, private sector and public sector through engaging an expert focussed solely on fostering those partnerships. Each location, therefore had their very own partnership builder who could matchmake 1-1 between an intern and a business, a startup and a potential investor. These experts would flag certain investment and pitching rounds as well as provide larger local companies with information on creating an internship programme within their company thereby actively engaging the ecosystem to the needs of the Youth within The Next Economy.
Young entrepreneurs generally require a range of support to grow and thrive. Local entrepreneurial ecosystems play an important role in the holistic growth and success of young businesses. By increasing the capacity of entrepreneurship support organizations, young entrepreneurs were better supported within the project as the wider entrepreneurship ecosystem. The results were institutions that were able to better serve their target group and to engage policymakers, financial institutions and businesses to assist young entrepreneurs.
Businesses, educational institutions, and the government need support in engaging with young people. TNE developed tools to facilitate productive and mutually beneficial interactions between these institutions and the youth. This resulted in a more engaged public and private sector, demonstrating a robust commitment to address the challenges of youth employment.