KUALA LUMPUR (Bernama) – The Commonwealth Asia Alliance of Young Entrepreneurs (CAAYE) will be organising the CAAYE Summit from Nov 16-18 in Bandar Seri Begawan, Brunei.
CAAYE 2014 President Nurul-Huda Mohamed Afandi said this year’s summit will be hosted by the Young Entrepreneurs Association Brunei (YEAB), following the success of previous summits in Mumbai, India in 2012 and Colombo, Sri Lanka in 2013.
“The focus of the Brunei summit will be on sharing best practices around the central theme of “Innovate with Purpose”, to build a more sustainable and socially responsible youth entrepreneur ecosystem.
“Delegates will jointly prepare a final communiqué articulating their commitments and recommendations, which will be submitted to Member Governments through the Commonwealth Secretariat,” she said in a statement to Bernama.
CAAYE, formed in November 2011, comprises member organisations from eight Commonwealth Asian countries, and this year the alliance has grown to include Nepal as an observer state, she said.
“It is a ‘network of networks’, with one or two youth-led and/or youth-focused entrepreneurship organisations representing Bangladesh, Brunei Darussalam, India, Malaysia Maldives, Nepal, Pakistan, Singapore and Sri Lanka,” she said. She said the organisations engage with governments, the private sector, the media and other stakeholders to champion the cause of young entrepreneurship at the local, national, regional and international levels.
Supported by the Commonwealth Secretariat, CAAYE members have collectively adopted a charter to raise awareness and support the development of youth entrepreneurship. “At CAAYE, we recognise that young people form a vital part of the global entrepreneurship equation, therefore the summit aims to inspire entrepreneurs to have businesses that serve a global purpose.”
“This year, we will showcase the next innovative businesses that have the ability to make a great impact in the world,” she said.