YBI (Youth Business Incubator)
YBI is a discovery-driven process of transforming the uncertainty around a business venture into a manageable risk, thereby allowing youth to experiment, learn, and either build a profitable, socially beneficial new business or abandon the project early and at little-to-no cost. With a plausible business model, youth go through a 36-month incubation, mentoring, and nurturing program that is comprised of a research/innovation phase, a business training phase, and a micro-credit phase. The mentoring and nurturing phase will use the Advisory Network, Incubator, Accelerator, and Learning Portal as powerful tools to help youth initiate and accelerate the development of new business ideas, experimentation and piloting, venture launch, and the eventual scaling up of a new enterprise. All four tools have similar and cross sector strategies that complement each other. Through these tools, youth will be able to leverage the skills, facilities, connections, equipment, and business savvy of corporation, nonprofit, and government partners to mitigate the challenges they might eventually face in their contribution to the smooth growth of their enterprises.
GYIN in 100 countries but testing in 10 countries
UNDP, New York, USA