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The Mini Business Labs
Business Labs are experiential learning exercises where young people gain entrepreneurial awareness and skills so they take the first steps in starting a business. This training methodology has been adapted to a condensed but effective one-day sessions where practical tools for young people in the process in business creation are provided. These sessions called Mini Business Labs or M-Labs, create awareness among young people on the steps of generating innovative ideas that later can be transformed into real businesses. Facilitators use case studies, exercises, and graphic material to create an Interactive and participative one-day session.
The concept of the Business Labs emerged from a Trinidadian project undertaken by the Organization of American States, the Ministry of Education in Trinidad and Tobago. The Minister of Education thought that the way in which schools utilize laboratories to provide practical experience in the areas of science, could be applied to business education, thus adding a new dimension to the current theoretical approach.
YABT’s strategy of entrepreneurial skills and abilities development has been implemented in Latin America and the Caribbean through Mini Business Labs Workshops held since 2002 in different occasions, complemented by its 5-day version. The sessions will be facilitated by business development professionals trained by the Mount Carmel International Training Center (MCTC/MASHAV) in Haifa, Israel. This entity is the co-founder of the Business Labs Program along with YABT. These activities have been supported by partners and stakeholders from government institutions, private sector entities and other NGOs in the region.
For more information on this program, contact José F. Clautier at firstname.lastname@example.org