JADE - European Confederation of Junior Enterprises - STUDENTS FOSTERING ENTREPRENEURSHIP

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1 JADE - European Confederation of Junior Enterprises - STUDENTS FOSTERING ENTREPRENEURSHIP Simona Lascu VicePresident October 2011

2 INTERNATIONAL COLLABORATION M Countries Cities Universities Junior Enterprises Students euro European turnover JADE European network of Junior Enterprises (with sister-networks in Brazil and Asia) which ensures their collaboration, communication and builds synergies, so that students can gain international entrepreneurship experience. 2

3 STUDENT ENTREPRENEURS Junior Enterprises? Non-profit real-life businesses, established, run and developed solely by students alongside University Facts and Figures: -26% of the Junior Entrepreneurs start their own business within the first 3 years after graduation (EU avg 2009: 4%) University support? Office and phone-line; legal advice on registering a business -- 83% of Top 100 FT Universities 2009 have a Junior Enterprise -- Junior Enterprise is best practice example in EU Policies: Oslo 2006, EU 2020 Concept: The enterprise operates like a real SME the students own the business, acquire external projects, generate revenue, practice what they learn in lectures and build social and professional networks. The surplus on the activity is re-invested back into the development of the students It is almost risk-free, as does not require large initial investment, does not generate debt, and is subject to market forces. Students have the opportunity to learn from both: success and failure. Success story: Junior Enterprises exist since 1960s, some of the largest ones turn over more than euro per year, run up to 200 external commercial projects and engage up to 100 students

4 STUDENT ENTREPRENEURS Junior Entrepreneurs? Business Model? Consulting? Enterprises correspond to the field of study, but projects can engage multi-disciplinary teams.

5 Exchange knowledge and experience with Entrepreneurs from other cities/ countries Build their own confidence in negotiations, presentations, public speaking Present to clients as a part of a big network thus building trust and confidence Being part of an international network gives the students the opportunities to Work in a multicultural environment to enhance transferrable skills Work on international projects and learn about outsourcing and contracts Attend business meetings all over Europe 5

6 Success Stories 4 th year, Entered a Junior Enterprise in ESADE Business School in Spain direct contact with real companies practical experience ( learning by doing ) launched the company TOUCHLAND one year ago (March 2010) and she has already managed to sell her product to big organizations 25 years old, and less than 5 years of experience, she Andrea LISBONA is already one of the members of the CEO Collaborative Forum. She is the youngest one of this network, in which 98% of the members are men. Lukasz GADOWSKI Before entering a Junior Enterprise, no success in start-up Entered JE One of the clients of the JE business idea Without any external financing 300 people, 300,000 shop partners worldwide Internationally-renowned European market leader in online merchandising Co-founded studivz one of Germany s biggest websites 40 internet based companies Eric Hoefmans & Jeroen Hoogeveen Bridge between the Dutch and Chinese business communities 12enter (Shanghai) Europeans working together with Chinese young professionals

7 ENTREPRENEURSHIP: ON THE HOT SPOT Controversy: Are the entrepreneurs the bad profit-driven guys? Are entrepreneurs born or developed? Is social entrepreneurship a PR strategy? 2000s: Entrepreneurship is sexy! 2010s: Entrepreneurship is necessary! Focus: EDUCATION Socio economic trend: SMEs play a key role in innovation and crisis-exit agendas Employment alternatives and creation of social welfare Global education strategies that highlight entrepreneurship by UNESCO, World Bank, World Economic Forum, OECD, European Union Entrepreneurship modules, degrees and Doctorates with associated research, analysis and certification Primary and Secondary Education Higher Education Employment in its variety Entrepreneurship needs to be embedded in all disciplines across our lifetime

8 ENTREPRENEURSHIP: WHY YOUNG PEOPLE BOTHER We are currently being prepared to undertake jobs that don t yet exist We have tried everything nothing works until we innovate and create something new Entrepreneurship is not a job description, it is a life-skill We are often called the leaders of tomorrow, and entrepreneurship develops the skills that are needed by every leader regardless of their education background: -Critical thinking outside of the box that generates freshness and innovation -Responsibility for own decisions and ownership over tasks, challenges and solutions -Cultural awareness and tolerance and team-work -Self-confidence knowing that we can and we should -Resource awareness saving and gaining -Impact and efficiency drive be cautions about the effects of our work and actions -Solution-focus attacking challenges as they come along

9 ENTREPRENEURSHIP: STAKEHOLDER MATTERS Employers / Investors Students Sound strategic approach State of Art knowledge Inspiration Education Institutions Ask the right questions! Funds/Modernisation Competitiveness Policy Enterprising environment Multi-stakeholder partnerships: - Create synergies and efficiency and save resources - Build sound overall systems of development - Reduce the risk of failure - Ensure overall satisfaction by all stakeholders Students as stakeholder in the equation: - The responsibility should not be solely on institutions and companies, but on students as well. - The ones to provide feedback, be heard and contribute to the entrepreneurship development

10 UNIVERSITIES BENEFITS Government support for creative/new education University Mission Branding UNIVERSITY Business Cooperation Students development Extra benefits

11 BRANDING International Exposure The Junior Enterprise movement exists throughout the world: 16 European countries are members of JADE, the European Confederation of Junior Enterprise In South America, Brasil Júnior, the Brazilian Confederation, is present all across the country Several other initiatives around the globe. If your Junior Enterprise is affiliated to the network, the University increases its international exposure International Students Successful Junior Enterprises add to the image of their universities and help to attract ambitious and entrepreneurial students from abroad. The Junior-Entrepreneur can also gain international experience thanks to the international nature of the Junior Enterprise Network.

12 BRANDING International Recognition Junior Enterprise is an example of best practice for practical education and development under the Lisbon Strategy: governing strategy of EU in Facilitate the development of Junior Enterprises is a key priority for Education and Youth Framework of EU2020 governing strategy of EU in JADE is a best practice of an intermediary organisation that brings universities and businesses together under EU Oslo Agenda for Entrepreneurship Education. JADE is in the Steering Board of UNESCO Youth Committee for Higher Education. JADE is a stakeholder consultant for World Bank, World Economic Forum and EU. JADE has good relations with the European Commission.

13 STUDENTS DEVELOPMENT Employability of students The JE s allow the student to acquire practical and professional experience while in University. It is proven that participation in a JE dramatically improves a student s career perspectives. 60% find work before ending their studies. Alumni have a significantly better career start after university and continue to develop more successfully in the long-term than their peer average without JE experience. 21% of the Junior Entrepreneurs end up starting their own business within the first 3 years after graduation. (EU average 4-8 %) Student s commitment to University life They are used to having contact with the teachers as the later can help with specific training or even in projects.

14 EXTRA BENEFITS Practice of Corporate Social Responsibility Junior-Entrepreneurs manage the Junior Enterprises as volunteers. Developing SMEs JEs offer cost-efficient projects to small and medium-sized enterprises which helps developing of the local economy

15 "Exchanging views with students working in Junior Enterprises is always enlightening, as one is impressed by the enthusiasm, innovation and creativity that these activities help to unlock in young people. I would, therefore, like to stress the role played by organisations like JADE, and the importance of Junior Enterprises as learning tools and bridges between university and the business world, particularly in a European context. Promoting the enterprise spirit of young people through education and practical experience is, and will be in the coming years, a main priority of the European Union. José Manuel Barroso, President of the EUROPEAN COMISSION "The future of the European Union lies in the hands of Europe s youth. To get the European Union back on the track of growth, jobs and prosperity, we need initiatives and action to strengthen the base of our future by developing entrepreneurial mindsets among young people. JADE - the European Confederation of Junior Enterprises is a prime example when it comes to "learning by doing". By fostering the entrepreneurial mindsets among students, Junior Enterprises help to provide a conducive and competitive learning environment, creating leaders for the future of Europe." Philippe de Buck, Secretary General of BUSINESSEUROPE "We need the build bridges between the academic world of education and training on one side and the practical world of enterprises on the other side. We need to shape a more entrepreneurial Europe for the future of the next generations. JADE is doing an excellent job in this respect by offering students the chance to gain experience as entrepreneurs. This is why EUROCHAMBERS supports and promotes this initiative." Arnaldo Abruzzini, Secretary General of EUROCHAMBERS

16 More Information? - Press

17 Contact: Simona Lascu

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