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G20 Young Entrepreneur Summit #g20yes

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:

You have to be born an entrepreneur – it’s a character trait. I can’t paint, but I am an entrepreneur. – Eric Boyko

Partnership with spouse is key. Need to share responsibilities on a domestic level to avoid burnout. – Tara (mother of 7)

“They tend to work less and they tend to talk more” Speaking of the younger people in the work place – Rahul Chawla

the more people i meet the more i learn – Rahul Chawla

Ur sitting on an ice cream cone in the middle of July. You must be making decisions quickly. But have humility to reverse decisions.

No pure failure in entrepreneurship; Entrepreneurs are optimists that fail. You pick yourself up and try again – Tom Jenkins

#g20yes Minister Peter Van Loan Canada features strongest workforce, knowledgeable&skilled workers

Prosperity is created by successful businesses, big and small. And it’s people like you that help build this success- Peter Van Loan #g20yes

Have a look at the #g20yes hashtag on twitter, there is a lot of info there but certainly worth digging through. Also Tom Jenkins Fireside Chat was posted on the National Post.

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.

Bloq Software showing off their stuff

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.

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  1. Did Tony Clement describe how bill C-32 (the copyright and DRM bill) will hinder Canadian innovation by stopping these fine youngsters from competing against the giants like Microsoft and Apple.

    C-32 denies you the ability to play DVDs in an unlicensed DVD player (licensed as by the DVD consortium) (which is legal right now). C-32 denies you the ability to break TPM for most reasons. This means that if the big media guys don’t want to deal with or hand the small guy (particularly entrepreneur) they can lock them out with digital locks which will be legally enforceable, criminalizing anyone who accidentally trips over the fence that the media giants put up.

    So while I’m sure Tony Clement wants one thing: more entrepreneur, more new business in Canada he doesn’t realize that he’s personally sabatoging their futures with C-32.

    Effectively the issue will be that small business and small companies will often resort to using open source in order to compete, but if the big guys lock them out (Microsoft, Apple, MPAA, RIAA, America) then they can’t even approach the field.