Studies show that young people want to start businesses, yet the established business rate among adults is substantially higher than it is for youth. This implies that young people face higher barriers to entrepreneurship than adults, and there is a need for better policies aimed at enabling young entrepreneurs to realize their ambitions. Youth-led enterprises also primarily employ their peers, which could potentially catalyze more quality job creation in an enabling environment.
Decent Jobs for Youth focuses on supporting the development of policies, regulations and institutions that enable and encourage the creation of youth-led enterprises. To tackle weak skills and knowledge transfer, it is crucial to foster peer-to-peer support networks. Improving access to adequate information, training, finance and technology can help lift many of the obstacles that prevent young people from succeeding in business.
The ILO, ITC, UNCDF, UNCTAD and UNIDO lead on this thematic priority. Decent Jobs for Youth brings together a growing number of partners who are committed to unleashing the potential of youth entrepreneurship and self-employment through fostering enabling environments and improving access to productive assets.