Prospects of youth entrepreneurship were discussed at the RUSSIA EXPO

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The All-Russian Youth Entrepreneurship Festival "BUSINESS OF THE YOUNG" at the RUSSIA EXPO continued with a panel discussion on youth entrepreneurship, which was held in Pavilion No. 55 "Home of Youth".

"In the changing geopolitical landscape, building effective and reliable partnerships is of paramount importance in international relations. A strategic role in this is played by young people, who will have to realize the fundamental foundations that are being laid today," said Vice President, Head of the Legal Committee of the "Association of Exporters and Importers" Arthur Leer.

He added that in terms of building economic ties, youth entrepreneurship can become a leading tool.

"Thousands of young people from different parts of the world have expressed their willingness to integrate business processes and interest in forming a common space for youth business development. This was confirmed by the creation of the International Community of Young Entrepreneurs at the World Youth Festival in March 2024," added Arthur Leer.

Viktor Alipa, Head of the Youth Entrepreneurship Development Department of the Rosmolodezh.Business track, noted that there is a growing interest in entrepreneurship among Russian youth.

"Today there are about 40 million young people living in Russia, 16 million of them plan to realize themselves in entrepreneurship and open their own business in the next three years," said Viktor Alipa, Head of the Youth Entrepreneurship Development Department of the Rosmolodezh.Business track.

He emphasized that Russian youth are increasingly active in shaping the business agenda in the country.

"There are already 2 million young entrepreneurs in our country. As of today, they form 10% of Russia's gross domestic product. Young people under the age of 25 register their businesses more often and faster than representatives of other age categories. This indicates that in Russia the greatest growth of new small and medium-sized businesses is in the field of youth entrepreneurship," said Viktor Alipa.

He noted that the Rosmolodezh.Business track pays attention to the formation of a business community whose key goals are to create, help their Motherland, improve the world around them and share experience.

"The main assembly point is the Young Entrepreneurs Club, whose mission is to inspire young people to do business in Russia, to take responsibility for themselves and the future of the country. The Club brings together young entrepreneurs from all regions of the country. In 2023, the total number of residents of the Club exceeded the mark of 6500 entrepreneurs," added Viktor Alipa.

Rosmolodezh.Biznes is the basic organization of the CIS member countries for the development of entrepreneurship. Viktor Alipa noted that because of this, the track implements a program for the development of youth entrepreneurship in foreign countries.

"Last year we had four business missions, we helped to conclude 33 export contracts worth 210 million rubles. These are small numbers for the Russian Export Center, but we are pleased to see the steps of entrepreneurs with a request to enter international markets," he pointed out.