The 2020 World Youth Report “Youth Social Entrepreneurship and the 2030 Agenda” defines social entrepreneurship as businesses that generate profits while seeking to generate social impacts.
The report calls on governments and other decision-makers to remove obstacles to youth social entrepreneurship, such as access to start-up funds that are presently limiting the ability of young people to engage in profitable activities. Many regulatory systems often prevent, sometimes involuntarily, young people from accessing financial products and services needed to start an enterprise. And a lack of access to training, technical support, networks and markets are also discouraging the growth of youth social enterprises.
Social entrepreneurship can provide a viable path forward for young people to earn a living and help address their communities’ needs while advancing the Sustainable Development Goals. Particularly, the report found that social entrepreneurship can enhance the social inclusion of vulnerable groups.
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