Youth entrepreneurship and effective tools for its development

Abstract

Youth entrepreneurship is a promising sector of entrepreneurial activity for a number of reasons, among which we can highlight the solution of employment problems, the readiness and ability to apply new solutions, including digital ones, the increased propensity of young people to risk, which is an important quality of an entrepreneur, and others. At the same time, the involvement of the younger generation in business requires the creation of a full-fledged support infrastructure. The purpose of this article is to determine the most relevant directions for the development of youth entrepreneurship. The research has shown that currently there is a rather limited range of programs that provide state support for youth entrepreneurship, as well as publicprivate partnership programs. Financial instruments that ensure the implementation of these programs are described. The key provisions of the regional project of the Rostov region "Popularization of entrepreneurship", including those addressed to the younger generation, are considered. However, existing approaches do not fully take into account the specifics of youth entrepreneurship and require further development. The authors propose a construction of a strategy for the development of state support for youth entrepreneurship, which includes a number of elements. Among them: vectors of the state policy for the development of youth entrepreneurship in the long term; main activities that contribute to the effective development of youth entrepreneurship; implementation tools and sources of funding for state support of youth entrepreneurship.

Creation of favorable entrepreneurial ecosystems for the development of youth business in agricultural regions of the South of Russia

“…A review of studies on the creation of entrepreneurial ecosystems, for example, the Global Entrepreneurship Index, GEM and OECD [1,5] and the SWOT analysis of youth entrepreneurship in the agro-industrial complex allowed to identify eight areas of a favorable environment for youth entrepreneurship in agricultural regions:…”

“…For the systematization of opinions on these issues, such works have become useful: Dolgorukova (2019) [6], Klimova (2019) [10], Andreeva&Sukhoveeva (2020) [1] reveal the importance and tools for the development of youth entrepreneurship in Russia. Baporikar (2018) [3] paid attention to the immediate problems of youth entrepreneurship in India.…”

Social Contract as a Tool for Stimulating Entrepreneurial Initiative of Low-Income Citizens

“…Moreover, in our opinion, it is essential that the overwhelming majority of these citizens refer to the youth category. After all, that is the potential of young people as most active group of the society for the economic growth which is hard to overestimate as youth entrepreneurship can be deemed as a promising sector of business activity due to a number of reasons, among which we can particularly mark addressing employment needs, readiness and ability to apply new solutions, including digital and technological, increased tendency to take risks, which is a significant feature for an entrepreneur and etc., (Andreeva and Sukhoveeva, 2020). Thus, it is essentially important to inform the greatest possible number of young people referred to the lowincome category on the social contract technology and successful practices of its implementation.…”