In order to promote entrepreneurship and self-employment CYDA began YESummit to bring 1st generation rural and urban poor entrepreneurs in 2016. The purpose of this program is to equip the participant to learn the nuances of idea generation, business plan, help them to do market study and explore business opportunity and finally to provide counseling to link with banks and start up eco-system in the country and abroad. First they need to be nurtured and mentored so that they can make their presence in the entrepreneur eco-system and contribute to inclusive socio-economic growth. Last two summits have proven this.
During the last 3 years we have demonstrated that if adequate mentoring and guidance provided, the people from lower strata of society can become job creators. Already 150 such business are in place in Maharashtra, Chhattisgarh, Kerala and many other states will follow soon.
There was an imperative need to focus on entrepreneurship development. With this purpose a special purpose foundation, YouthAid foundation is being initiated by CYDA. YouthAid foundation is to engage with young people as well as persons with new ideas and help them towards entrepreneurial growth.
YouthAid strongly believes that idea should be allowed to be blossomed, nurtured and mentored so that they stand up to wealth and job creation in society contributing to the United Nation’s Sustainable Development Goal (SDG) No 8, i.e., to generate employment and economic growth and SDG No.10 to reduce inequalities by reaching to people, who are mostly outside of development initiatives.
Therefore, the goal of the foundation is to build a network of 10000 1st generation entrepreneurs by 2030 with an average investment of Rs.1,00,000 resulting with a minimum Rs 15,000 per month earning while contributing to 15,000 additional jobs.
Each sector we will identify 30 business ideas to be initiated in 2020. The total business ideas which will be represented in the 2020 summit will be 150.
Apart from these ideas being pitched, at least 200 others will attend (B-School students, Social Work Students, successful ventures of the last three years, mentors, sponsors).Total participation in the final program: 500.