Generation Enterprise: The Business of Youth

 
$30,006
$0
Raised
Remaining

Summary

We partner with at-risk youth to build community businesses. With 25+ ventures run by formerly unemployed and at-risk youth in our portfolio, the results are skills, jobs, and wealth that can transform urban communities. Join us in taking this approach to the next level, creating the enterprises that will sustain generations. Kofi Annan put it best: "Young people should be at the forefront of global change and innovation. Empowered, they can be key agents for development and peace."

What is the issue, problem, or challenge?

Youth in low-income communities are unable to earn sustainable livelihoods. There aren't enough opportunities to learn marketable skills. Youth end up "reluctant entrepreneurs," hustling in the informal sector and living in poverty. They're unable to fully contribute their talents to the economic growth of their communities. They're vulnerable to exploitation. They're target recruits for criminal activity, whether it's a local gang or terrorist cell. That's a loss for all of us.

How will this project solve this problem?

We looked at startup incubators, P&G's growth factories, and Edison's lab. Repeated pilot projects and 300 youth later, we've got a model that works with at-risk youth to build worker-owned businesses. We are able to employ those with no formal work experience and, through our on-the-job development track, create technicians, managers, and ultimately owners. In short: training that pays for itself; beneficiaries that become mentors; local enterprise solving local needs.

Potential Long Term Impact

Imagine Home Depot, the Aveda Institute, and other successful models, only located in emerging urban markets and locally owned. Imagine a career track from poverty to a formal sector job and even share ownership of a business. Imagine a development model that ultimately finances itself. This vision is what we are building, one enterprise at a time.

Funding Information

Total Funding Received to Date: $30,006
Remaining Goal to be Funded: $0
Total Funding Goal: $30,000

Additional Documentation

This project has provided additional documentation in a PDF file (projdoc.pdf).

Resources

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Project Leader

Michael Kuntz

Philadelphia, PA United States

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