G20 china_web

Structural reform and SMEs
Xia Bing
We partnered
with the G20
Research Group
to understand
the concerns of
G20 leaders
Xia Bing is Host of the G20 Young
Entrepreneurs’ Alliance 2016
Beijing Summit and the President
and Founder of NovoNation Youth
Community (NovoNation) in China.
www.novonation.org
Julia Deans
Julia Deans is Chair of the
Partnerships and Thought
Leadership Committee of the G20
Young Entrepreneurs’ Alliance
and Chief Executive Officer of
Futurpreneur Canada.
www.futurpreneur.ca
Alex Gill
Alex Gill has moderated the G20
Young Entrepreneurs’ Alliance
since its inception in 2010.
www.mendicant.ca
→ to succeed around the world is
determined by five interrelated factors:
• The availability of training and
educational resources
• Whether they have the ‘cultural
permission’ and encouragement to start
a business
• The taxation and regulatory environment
in which they live
• Access to funding to support start-ups
and early-stage business growth
• The ability of parties across an
ecosystem to coordinate their actions
These five areas became the pillars
of the alliance’s work. They feature
prominently in the themes of our annual
Young Entrepreneurs’ summits, held in the
same country as the G20 summit. These
unique events bring together hundreds of
the world’s young entrepreneurs who are
founding the businesses throughout the
G20 that will lead our economic growth and
renewal in the coming years.
Partnerships and engagement
Beginning with the G20 YEA’s Nice Summit
in 2011, a growing roster of partners began
to work with the alliance. EY, for example,
produced the first-ever ‘entrepreneurship
barometer’, which ranks the conditions
influencing young entrepreneurs across
the G20. Accenture is also a partner, most
recently reporting on the practical steps
that the G20 members could take to create
10 million jobs for young people in the
knowledge economy. We also partnered
with the global network of the G20 Research
Group, based at the University of Toronto, to
understand the concerns of G20 leaders and
how we could better work with them.
Meetings with increasingly senior
government and industry representatives
have also moved the cause of youth
entrepreneurship forward. At the 2012
summit, Mexican President Filipe
Calderon met with more than 200 young
entrepreneurs at his residence in Los Pinos.
Guest speakers have included captains of
industry and the heads of such bodies as
the International Monetary Fund and the
Organisation for Economic Co-operation
and Development.
The G20 YEA’s 2013 Moscow Summit
was our first substantial engagement with
the Business 20 (B20) and the inclusion
of language on youth entrepreneurship
in the subsequent G20’s Saint Petersburg
communiqué. The G20 YEA’s 2014 Sydney
summit created a global action plan for
young entrepreneurs, while the G20 YEA’s
2015 summit yielded a commitment in
the leaders’ communiqué at Antalya that
year to “support the better integration of
our young people into the labour market
including through the promotion of
entrepreneurship.”
The engagement of the B20 process has
resulted in alliance member organisations
working on various task forces, including
those looking at small and mediumsized
enterprises and growth issues.
Global CEOs have welcomed our call that
entrepreneurship for young people will play
an important role in social and economic
renewal, as well as the competitiveness of
individual countries.
Promoting potential
As we move towards the G20 Hangzhou
summit, we will continue to share with the
G20 leaders the road map that we have been
creating in conjunction with the world’s
young entrepreneurs and our partners.
At our own 2016 Beijing Summit,
taking place immediately following the
Hangzhou Summit, the world’s young
entrepreneurs will come together under
our theme of ‘Disruptive Innovation:
Smart Entrepreneurship’.
Supported by the research of our
knowledge partners, the G20 YEA will
issue a communiqué to G20 leaders that
will continue to promote the potential
for youth entrepreneurship, innovation
and progressive policies to address the
related challenges of job creation, youth
employment and growth. G20
122 G20 China: The Hangzhou Summit • September 2016 G7G20.com