Story perspectives

Empowering Youth: Universities Boost Entrepreneurial Skills Nationwide

9/4/2025

Summary

Story summary

The University of the Philippines launched the Best for the Youth program, training 20 vulnerable youth in entrepreneurial skills.
NIBM's NEO Ventures program in Sri Lanka mentors 50 startups from over 1,000 applications to commercialize student ideas.
Syracuse University hosts competitions for student entrepreneurs, offering cash prizes and mentorship opportunities.
UMY promotes a broad definition of entrepreneurship, prioritizing innovative ideas over traditional product sales.
SUNY Fredonia's Student Business Competition allows students to pitch business ideas for cash and support.

History

Historical Context

In 1971, the Philippine government established the National Economic and Development Authority (NEDA) to tackle youth unemployment. By 2020, youth unemployment had risen to 14.4%, prompting initiatives like the University of the Philippines' Best for the Youth program. Similar efforts in Sri Lanka and the U.S. aim to equip vulnerable youth with essential entrepreneurial skills, fostering innovation in a changing job market.

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Story summary

The University of the Philippines launched the Best for the Youth program, training 20 vulnerable youth in entrepreneurial skills.
NIBM's NEO Ventures program in Sri Lanka mentors 50 startups from over 1,000 applications to commercialize student ideas.
Syracuse University hosts competitions for student entrepreneurs, offering cash prizes and mentorship opportunities.
UMY promotes a broad definition of entrepreneurship, prioritizing innovative ideas over traditional product sales.
SUNY Fredonia's Student Business Competition allows students to pitch business ideas for cash and support.

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