Young people across New Zealand will receive a boost to develop their entrepreneurial skills and knowledge, after Youth Minister Nikki Kaye revealed $905,000 funding under the Youth Enterprise Fund.
According to Kaye, eight organisations will receive funding to help deliver a range of business enterprise initiatives to a diverse range of youth, including young people not in education and from disadvantaged communities.
“This will see around 3,000 extra young people receive the chance to develop their entrepreneurial ability,” Kaye says.
The Young Enterprise Trust will receive the largest funding of over $600,000, to extend the reach of their successful Young Enterprise Scheme.
“This scheme encourages school students to come up with ideas for a company or product, and then receive coaching from local business people on how to develop their ideas and turn them into reality,” Kaye adds.
“Some schools need greater support to provide the scheme to their students, especially in communities that don’t have the necessary breadth of local business expertise to draw on.”
Based on a successful pilot in Pacific communities, Kaye says the extra funding will help Young Enterprise Trust employ roaming, specialist teachers to support more schools to introduce, improve and grow business enterprise in the classroom.
“Young people today are growing up in a complex, challenging and fast-changing world, and it’s important we help them develop skills such as leadership, problem solving and innovation to succeed in the future,” she says.
“This is what the Youth Enterprise Fund is all about. I recently announced $835,000 of funding for social enterprise initiatives under the fund, and look forward to announcing technology related funding in the near future.”
The successful recipients of business enterprise funding under the Youth Enterprise Fund are:
Young Enterprise Trust
$612,000 towards supporting schools and teachers nationwide to grow business and enterprise education in the classroom.
Te Awamutu and Raglan Chambers of Commerce
$35,000 to help support young people with established or identifiable skills in Te Awamutu/Raglan to set up their own business.
EBAT Charitable Trust
$20,000 to help run pilot programmes in Eastern Bay of Plenty to identify and develop young people with entrepreneurial skills and talent.
Crosspower Ministries Trust
$25,000 to help deliver projects in Otara that offer entrepreneurial and small business skills to young people.
Victoria Link Ltd
$80,000 to help build business acumen and awareness amongst Māori and Pacific students in Wellington.
ARCO Workshops Ltd
$51,000 to help run enterprise training for disadvantaged youth in Kaikohe.
Vaer Consulting Ltd
$20,000 to help teach start-up thinking to young people in Wellington.
Foundation for Youth Development
$62,000 towards enterprise and investment literacy programmes for Year 11 and 12 students in Auckland, Waikato and Christchurch.