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13/10/13 10:33

Scots firm to host world summit in India

Event will connect Scottish youth entrepreneurs with global network

A Scottish-based organisation will unite several of the world’s most successful young entrepreneurs at a global summit in India this month.

Power of Youth, based in Edinburgh, will host its fourth global summit in New Delhi from October 22-27, bringing around 30 of the world’s most prominent young business people together to share their ideas, expertise and success stories.

The event will provide a platform for emerging Scottish entrepreneurs to showcase their businesses and test and push their commercial thinking among a global network of peers.

External Affairs Minister Humza Yousaf met today with some of the youth entrepreneurs who will be involved and announced £5,500 of funding towards the summit.

The meeting was the latest in a series of actions the Scottish Government has taken to encourage youth entrepreneurship.

Earlier this year the government supported a project that connected around 20 young Scottish entrepreneurs to Power of Youth’s global network and gave them access to support and advice from a range of prominent and successful business leaders. Many more emerging young entrepreneurs will benefit from workshops devised to share learning from the project.

The government also helped Young Enterprise Scotland and City of Glasgow College to launch the “Bridge 2 Business” scheme, which will support college students to build business networks and develop their enterprising capabilities.

Speaking ahead of the New Delhi summit, Mr Yousaf said:

“Power of Youth is an inspiring and influential network engaging some of the brightest and most innovative minds around the world, many from or with strong links to Scotland. I am very excited to see what comes from next week’s summit.

“Across the globe Scotland is recognised as a pioneering nation, one that pushes boundaries, and as a great place to do and grow business. We only have to look at some of the innovation and investions that were born in Scotland from the television and the telephone to the pneumatic tyre and animal cloning.

“This is a reputation forged by enterprising Scots over generations and one that the Scottish Government intends to maintain and grow.

“Our new generation of entrepreneurs will devise the ideas and products of the future – the next Facebook, the next Dyson – and we want to ensure that the Scottish business men and women of the future can benefit from access to world-class mentorship and role models.

“That is why, through our support for projects like Power of Youth’s global summit, we are working hard to promote enterprise and entrepreneurship amongst our young people.”

Director of Power of Youth, Adam Purvis, said:

“Leaders and role models set the tone for generations.

“Power of Youth was set up to identify authentic entrepreneurial role models that the next generation can relate to. By working with partners like the Scottish Government we are helping young people to succeed and to share their energy with other young people all over the world.”

Today’s meeting was also attended by Arif Shafi and Humeera Qayoom, young entrepreneurs from Kashmir who have received support to set up sustainable small enterprises through the Scottish Government’s South Asia International Development Fund.

Notes to editors

The Power of Youth is dedicated to supporting game-changing entrepreneurs by helping them be seen and heard across the globe – visit: http://power-of-youth.org/

Earlier this year the Scottish Government and Royal Bank of Scotland helped Power of Youth deliver an intensive project on the shores of Loch Lomond that connected several young Scottish entrepreneurs to their worldwide network.

The project culminated in a summit in Edinburgh at which prominent Scottish entrepreneurs supported several young people towards realising their enterprising potential. Power of Youth has since designed a programme of workshops to share learning from the project with other emerging young Scottish entrepreneurs.

The Scottish Government has also teamed-up with Young Enterprise Scotland and City of Glasgow College to launch the “Bridge 2 Business” scheme. Over the next year this will help college students to build their enterprising capability, ensure they are networked with business and promote enterprise as a valid and viable option for our young people.

Arif Shafi and Humeera Qayoom received support from the Start-Up Kashmir Youth Entrepreneur (SKYE) Development Project administered by Mercy Corps. The project addressed barriers impeding youth entrepreneurship in Kashmir, focusing on awareness-raising, skills building and mentoring and providing access to finance to enable young people to lever private and government support. The project was allocated £400,000 from the Scottish Government between 2010 and 2013 with over 6000 young people in Kashmir taking part and 170 new businesses set up through the project, creating job opportunities for 600 people.

External Affairs Minister Humza Yousaf is in India from October 10-17 undertaking a range of engagements to identify, promote and strengthen business, cultural, education, tourism and diplomatic links between Scotland and India, see: http://news.scotland.gov.uk/News/Strengthening-Scotland-s-links-with-India-4c7.aspx

Scottish entrepreneurs attending Power of Youth’s global summit in New Delhi include: