Full Breakdown
Inspiring Young Entrepreneurs: A Global Perspective
9/28/2025, 10:17:06 PM
National Secondary Schools Entrepreneurship Competition (NSSEC) in Trinidad and Tobago
The National Secondary Schools Entrepreneurship Competition (NSSEC) is celebrating its ninth year, engaging 128 teams in a six-week digital business simulation. This initiative allows students to run virtual companies, enhancing their creativity, problem-solving, and teamwork skills. Sophia Stone, Director of NSSEC at 3Stone Consulting, emphasizes the program's relevance, stating it transforms students into strategic thinkers ready to create meaningful futures. Independent studies reveal that over 84% of past participants were inspired to consider entrepreneurship, with many launching ventures ranging from vegan dessert brands to youth entrepreneurship networks. NSSEC aims to prepare a generation of job creators in Trinidad and Tobago, addressing the country's need for economic diversification. The program is supported by organizations such as Shell Trinidad and Tobago, Massy Foundation, and PwC Trinidad and Tobago.
Young Entrepreneurs in Vietnam
In Vietnam, the private economy is a significant contributor to the nation's GDP, yet it faces challenges such as regulatory instability and weak property rights. During the Vietnam Private Economic Forum 2025, delegates highlighted barriers hindering private sector growth and proposed solutions to enhance the legal framework for young entrepreneurs. Nguyen Hong Phong, Vice Chairman of the Vietnam Young Entrepreneurs Association, noted that many young businesses encounter legal obstacles that delay their innovation efforts. Experts advocate for a stable and transparent legal system to foster creativity and support young entrepreneurs in aligning their ventures with national development policies.
Youth-Led Innovation in Ethiopia
Ethiopia is witnessing a surge in youth-led industrial innovation, as highlighted by Bejai Nerash Naiker, founder of Bejai Ethio Industry & Engineering Solutions. He commended the government's support for youth entrepreneurship, urging young innovators to align their ideas with national development goals. Naiker's company has employed over 300 people, contributing to the growth of a dynamic youth-driven industrial workforce. The "Made in Ethiopia" movement has further promoted local production, enhancing technology transfer and attracting investment.
Empowering Young Entrepreneurs in the UK
In the UK, initiatives like the youth empowerment program have successfully supported young individuals in launching their businesses. Luis Green, who established a car-washing business after dropping out of college, credits charities like Genuine Futures for providing essential life-coaching and practical support. Similarly, Jennifer Young turned her passion for art into a business, illustrating the transformative power of entrepreneurship for young people facing mental health challenges during the COVID-19 pandemic.
Metropolitan Collective Shapers in South Africa
The Metropolitan Collective Shapers program has expanded nationally, empowering young entrepreneurs to tackle pressing challenges in sectors like agriculture and logistics. The program emphasizes the importance of resilience and support systems for young entrepreneurs. Dr. Antoinette Basson highlighted the emotional struggles many face, stressing that mentorship and community support are crucial for success.
Conclusion: A Global Movement
Across the globe, initiatives aimed at fostering youth entrepreneurship are gaining momentum, addressing economic challenges and empowering young innovators. From Trinidad and Tobago to Vietnam, Ethiopia, the UK, and South Africa, these programs are not only nurturing the next generation of business leaders but also contributing to broader economic growth and social change. As young entrepreneurs continue to emerge, their potential to reshape industries and communities remains a vital force in the global economy.
