Research conducted by Accenture and the G20 Young Entrepreneurs’ Alliance (G20 YEA) has discovered that digital entrepreneurs are building real opportunity for the future of youth jobs in G20 countries.
Young entrepreneurs are the driving force behind job creation in the G20 countries, powered by their relentless efforts to innovate and embrace digital technologies: social media, mobile computing, big data, cloud and ‘the internet of things’.
New Accenture research concludes that lifting existing barriers: digital skills shortage, logistics at scale, policy and regulation, access to local markets and access to finance, with the help of large companies and other bridgemakers, could help young entrepreneurs to create 10 million more youth jobs in G20 countries.
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Entrepreneurs thrive on open innovation facilitated by digital technologies.
Bridgemakers—especially large companies—play a critical role in today’s open innovation ecosystem as they can help translate entrepreneurs’ ideas into marketable products.
The new generation of entrepreneurs is “born global.”
They believe that global expansion is important to job growth and that digital technologies facilitate such expansion. Multinational companies are key bridge makers to accelerate entrepreneurs’ international expansion.
Talent & Education
Entrepreneurs succeed or fail on talent—digital skills shortage hits entrepreneurs hard.
Entrepreneurs are key job creators in the G20 countries, however skills shortage, lack of labor market flexibility and access to finance are barriers to more youth jobs.
Accenture Chairman & CEO Pierre Nanterme describes the company’s relationship with the B20 and G20 Young Entrepreneurs' Alliance Partnerships as well as Accenture's long-standing commitment to building a better future for the communities in which we work and live. He also highlights Accenture’s new research report, "The promise of digital entrepreneurs," which was published for this year’s G20 YEA Summit in Australia.
70% of entrepreneurs who created their business in the past 12 months are "born global" entrepreneurs aiming to reach global markets from day 1. This is one of many research findings shared by Francis Hintermann, Global Managing Director, Accenture Research, while discussing Accenture's new research report "The promise of digital entrepreneurs," which was published lfor this year’s G20 YEA Summit in Australia.
Entrepreneurs who embrace Open Innovation create more jobs.
Increasingly, innovation as practiced by entrepreneurs is largely collaborative and open in nature. Innovation is moving from being structured and closed to being very entrepreneurial, extending far outside the walls of the organization.
Large companies are extending their partnerships with entrepreneurs to accelerate impact.
Some corporations, including Accenture, are partnering with entrepreneurs by leading or participating in an accelerator program.
The role of bridgemakers in supporting digital entrepreneurs.
Large companies such as Accenture play a crucial role in today's open innovation system. What are bridgemakers? Bridgemakers support digital entrepreneurs with access to talent, global markets and funding.
Large companies, business incubators/accelerators, universities, NGOs, venture capitalists and foundations work with entrepreneurs to mitigate the barriers fostering economic growth in G20 countries.
Policy makers can support entrepreneurs in G20 countries. Since 2013 there has been a new momentum to public policies dedicated to entrepreneurship with more countries adopting entrepreneur friendly policies. Entrepreneurs are expecting support in innovation from their governments in tax incentives, small business acts, and reduced regulation.
How Accenture is helping entrepreneurs and large companies
Using our knowledge of the technology ecosystem, including VCs, start-ups, universities and emerging technology companies, combined with our understanding of client needs, Accenture Open Innovation connects both clients and Accenture services teams to organizations that will provide value to their business, services and products.