Accenture Grants Youth Bus. International US$4.95 Million to Equip Young People with the Skills to Start their own Businesses
21 May 2012 - 10:00PM
Business Wire
Accenture (NYSE: ACN) and Youth Business International (YBI)
today announced that Accenture and the Accenture Foundations have
awarded YBI a grant of US$4.95 million to give thousands of 18 – 35
year olds the skills and support they need to start their own
businesses. This grant brings Accenture’s direct support to YBI to
more than $8.5 million since 2006.
The three-year grant will help support 33,500 underserved young
people and help strengthen YBI’s global network. It is part of
Accenture's Skills to Succeed initiative, which is equipping
250,000 people around the world by 2015 with the skills to get a
job or build a business. The award consists of cash and time and
skills of Accenture employees to enable YBI’s network members to
improve the services they offer to young people. In addition,
Accenture employees will offer mentoring and training to the
entrepreneurs.
“Supporting Youth Business International helps bring to life
Accenture’s commitment to building skills,” said Adrian Lajtha,
chief leadership officer at Accenture. “We share YBI’s commitment
to making a significant, lasting impact on the long-term economic
vitality and resilience of individuals, families and communities
around the world.”
“Thanks to the support of Accenture, YBI is well-placed to play
a major role in supporting young entrepreneurs around the world,”
said Andrew Devenport, chief executive of YBI. “We are delighted to
work with an organization like Accenture which understands both the
importance of building tomorrow’s generation of business leaders as
well as our global network approach to tackling the problem of
youth unemployment.”
About Accenture
Accenture is a global management consulting, technology services
and outsourcing company, with more than 246,000 people serving
clients in more than 120 countries. Combining unparalleled
experience, comprehensive capabilities across all industries and
business functions, and extensive research on the world’s most
successful companies, Accenture collaborates with clients to help
them become high-performance businesses and governments. Through
its Skills to Succeed corporate citizenship focus, Accenture
is committed to equipping 250,000 people around the world by 2015
with the skills to get a job or build a business. The company
generated net revenues of US$25.5 billion for the fiscal year
ended Aug. 31, 2011. Its home page is www.accenture.com.
About Youth Business International
Founded in 2000 by HRH The Prince of Wales, Youth Business
International (YBI) is a global network of independent non-profit
initiatives helping young people start and grow their own business
and create employment. YBI supports under-served young
entrepreneurs with a combination of training, access to capital,
mentoring, and other business development services. YBI members
have helped over 100,000 young people to create their own business
and generate employment. An estimated 70% of these businesses are
still trading after three years, with many going on to create
significant levels of employment and further benefits for their
communities. More at www.youthbusiness.org.
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