From June 20-22 in Toronto was the first G20 Young Entrepreneur Summit with delegates from close to all the G20 nations. The idea for the summit came from Italy but was hosted and run in Canada by the CYBF. The goal of the summit was to bring together people that support entrepreneurship in the G20 countries and identify the core issues we all face, perhaps identify solutions that may exist in other countries, and establish what could be done next to support youth entrepreneurship globally.
The key belief underlying this summit is that entrepreneurship is the fundamental economic driver that makes recessions less painful and it is entrepreneurs that will lead economic growth. There is a shift in thinking in G20 governments from prioritizing the large employeer creating jobs and ignoring the small business entrepreneur that would create only a few jobs. The shift in thinking from the government perspective was emphasized when John Manley (former Industry Minister) took the stage and raised the point that he has seen Canada go from a nation that wants to be employees to that which what to be employers. Tony Clement‘s (current Industry Minister) statements made just before John Manley took the stage were more impressive considering where Canada was just 20 years ago.
Canada still can do a lot more, entrepreneurs (especially in the tech world) don’t feel it is all that easy to start a business and legislation is stacked against them in favour of the large companies. However, it is through more official channels like the G20 Young Entrepreneur Summit where I think all entrepreneurs can be more effective influencing government.
The end result of the summit is that the B20 summit will have youth entrepreneurship on their agenda along with the recommendations to discuss from the delegations that attended this summit. A secondary result is an agreement to pursue this movement into the next year with a meeting in South Korea in November followed by a summit at the G20 in France next year.
Along with the delegate discussions there were a number of panels and presentations which just flooded twitter with some great tidbits of information. Here are some tweets from me and others that I really like that are quoting tidbits of the wisdom shared:
On the last evening event one of the VeloCity teams that are part of the Entrepreneur Bootcamp had an opportunity to show off their work and meet delegates from all over the G20. I didn’t get a picture (there are official ones somewhere) of when Minister Peter Van Loan (Industry Minister for Canada) dropped by but I grabbed one of when they had folks from Russia, Canada, and the EU at the table.
Overall I am really impressed with what CYBF put together and the delegates that have attended. Really looking forward to what an effort like can do to help influence government policy, open up different markets to Canadian entrepreneurs, and help build a more extensive mentorship and support network.