Young entrepreneurs under the age of 35 represent a growing future of the entrepreneurial community. Today’s youth is the driving force behind most of the innovations and creations, they’re also a huge talent base for startups. Tapping on their potential, the Government of India has introduced many employment generating schemes either promoting entrepreneurship or wage employment. ‘Skill India’ and ‘Startup India’ are two of the most important initiatives to promote startup ventures to boost youth entrepreneurship, and encouraging start-ups with job creation is facilitating ease of doing business.
The quality that sets apart young entrepreneurs is that they’re mostly self-motived. In a country like India where parents and society are stubbornly bent towards higher academics and traditional career paths, these young minds strive to aim and achieve something higher. Youth entrepreneurs have a penchant for taking risks, self-efficacy, and a need for achievement. They know how to seize opportunities, spot possibilities and generate value by coming up with creative goods, services, or business ideas. And while young entrepreneurs benefit much in terms of creativity, development, and flexibility, they face challenges with access to capital, lack of involvement, and limited market knowledge. Their success is largely determined by their access to finance, prior work experience, training, and professional connections. Young entrepreneurs who are also active in extracurricular activities, such as athletics or community service, are likely to develop the skills and traits like teamwork, adaptability, and authority that contribute to their success. Young entrepreneurs are also more likely to enroute for sustainable practices and ethical business conduct.
At Indian Achiever’s Forum, we take immense pride in celebrating these visionary young leaders who are not only making a mark in their respective industries but are also contributing to India’s economic and social development. The IAA for Young Entrepreneur of the Year recognizes individuals who exemplify determination, leadership, and innovation. Through this prestigious honor, we aim to spotlight their achievements, inspire aspiring entrepreneurs, and reinforce the importance of nurturing young talent.
