YABT and IDB, Partnership to Support Young Entrepreneurs
Washington, D.C., February 30, 2016 – The Young Americas Business Trust (YABT) and the Inter-American Development Bank (IDB) have made an alliance to support young entrepreneurs through the “IDB Relations with the Community” Program.
The Young Americas Business Trust (YABT) is a nonprofit organization that works in cooperation with the General Secretariat of the Organization of America States (OAS) to promote the social and economic development of the young people around the world. To do that, the YABT develops training programs for young entrepreneurs where practical experience is emphasized – learning by doing. To achieve this goal, YABT establishes different alliances with strategic partners, such as the IDB, in order to provide technical and financial support though programs for young entrepreneurs of the Americas.
Under the “IDB Relations with the Community” program, this international institution will provide trainings and support in the development of the financial structure of the businesses developed by the youth of the hemisphere, these trainings will be provided by IDB personnel and experts in the field. The proposal includes virtual trainings through the YABT BOOT Camp platform and also the on-site development of an accelerator program for entrepreneurs to be held in Washington, D.C.
“I am sure that this alliance will create a positive impact on a large number of young people in the hemisphere. Regardless of the level of the solution and business model that the entrepreneurs present, this program is designed to help them on their path to growth. IDB experts can bring knowledge of finances that are fundamental for the expansion of businesses” expressed Luis Viguria, Chief Executive Officer of the Young Americas Business Trust.
The program aims to provide knowledge to young entrepreneurs in order to contribute to the consolidation of their businesses and potentially change their lives through the sustainability of their projects.