Youth Economic Opportunity

Our Work in Youth Economic Opportunity

TechnoServe works with young people across the developing world to build self-confidence, obtain critical business skills, identify local market opportunities, and pursue meaningful livelihoods through entrepreneurship or employment. Despite improved education access for many young people over the past several decades, many youths still lack adequate technical and “soft” skills that are critical for obtaining or creating productive employment. This training is built into TechnoServe’s approach to youth economic development, combined with mentoring and assistance even after participants finish the program.

TechnoServe also helps scale up this impact by working with local educational institutions and other facilities to integrate proven training methods into their own curricula, enabling thousands more young people to access the tools of economic empowerment.

Who Benefits from Youth Economic Opportunity?

Local youth

Young people have experienced dramatic income improvements through proven training methods, with participants in an East Africa program nearly doubling their incomes, and youth in an employment training program in India gaining an average of almost $23 for every $1 of program cost. Young people in many programs also improve the following:

• Savings
• Assets
• Access to finance
• Professional connections

Local and international businesses

Young people with productive businesses can help stimulate economic growth as their enterprises supply or buy from other businesses.

Whether it’s corner shops buying from each other or international corporations integrating small enterprises into their supply chains, a healthy small business sector is the engine of local economies.

National economies

Most developing countries are grappling with the challenge of productively employing their next generation. In Africa, for instance, half the population is under the age of 20.

Helping young people find good jobs or create their own economic opportunities improves national economic productivity, social well-being, and political stability.