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Inspiring Young Entrepreneurs Consortium is a social enterprise based investment company that will help inspire the new generation of budding young entrepreneurs of today become the big-time entrepreneurs of tomorrow. We offer young entrepreneurs a route from gaining work experience to managing their own business. We believe that the key to economic success and stability lies with the young entrepreneurs of today. We have developed a new business model that infusions the investment and charity sector to create a business that not only will make profits, but also ensure the new generation of young people have the necessary skills and experiences to become entrepreneurs themselves.
- One in five young people are unemployed
- The number of unemployment in the UK currently stand at 2.67 million
- Of those 1.04 million are 16-24 year olds
- Labelled as the ‘Lost Generation’
- Current unemployment rates for 16-17 year olds are as high as 39.4%
The programme is aimed at teenagers aged 16-21.There are two sections to the programme; the first is gaining skills and work experience from working in a market stall establishment and secondly the ‘Business Initiative’ section. Members will have the opportunity to make a real contribution to the consortium and themselves as they are encouraged to create a business plan and pitch their own business ideas in the hope of getting their business ideas implemented by the consortium. Business ideas will be analysed and assessed by a panel of board members, judging whether the idea is profitable and feasible. The most profitable and feasible idea will be implemented with the backing of the Consortium’s Investment Fund.
The Consortium’s Investment Fund is a pot of money used to invest in new and innovative business ideas. Profits of 20% from each project/market stall will be donated into the fund in order to build up the amount of investment or reinvestment allowed to be given by the company. Business ideas accepted by the Consortium will be given the opportunity to start up their business in a small scale market stall in market stall locations before thinking of expanding the business.