Keren Shemesh, Israel
Established by HRH the Prince of Wales, Youth Business International is a global network of 40 national youth business programs: loan-granting programs that advocate “employment through entrepreneurship”. One of these is Keren Shemesh, launched in Israel in 2005 by the Edmond J. Safra Foundation.
Once accepted, each new entrepreneur receives a complete “package” of assistance, including entrepreneurial counseling, ongoing mentorship from an experienced business leader (over 300 high-level professionals are currently volunteering their time and expertise), business training, and an interest-free loan.
To date, over 1,100 new businesses have been created across the country, and businesses launched by Keren Shemesh-supported entrepreneurs have created over 3,000 new jobs, many in Israel’s peripheral regions or populations.
Mr. Amir Asor, a Keren Shemesh entrepreneur, was named the 2011 YBI international “Entrepreneur of the Year” in London. His company produces educational Lego sets that encourage children to discover complex engineering concepts.
To learn more please visit the project website: www.ksh.org.il.