| James Kon |
THE Commonwealth-Asia Alliance of Young Entrepreneurs (CAAYE) yesterday presented its annual report for this year at the CAAYE Summit 2014, which was held at the Orchid Garden Hotel and was attended by Hajah Normah Suria Hayati binti Pehin Jawatan Dalam Seri Maharaja Dato Seri Utama (Dr) Haji Awang Mohd Jamil Al-Sufri, the Permanent Secretary at the Ministry of Industry and Primary Resources.
The report also contained a smaller impact report, feedback based on the two previous summits and also highlighted the ways in which delegates have benefited from the summit.
According to a survey, 71 per cent of the attendees agreed that the summit helped members improve their networks with their peers from abroad, while 63 per cent felt that they have benefited through additional knowledge gained from various speakers and experts. Another 49 per cent said they had benefited greatly from visiting entrepreneurs and their factories in host countries on top of learning more about those host countries’ cultures and practices, which further helps to bridge divides.
The report highlights that member governments at the 8th Commonwealth Youth Ministers meeting recognised the impact of CAAYE in Asia, which is considered a milestone.
This year’s CAAYE summit is based on the theme ‘Innovate With Purpose’ and aims to build a more sustainable and socially responsible entrepreneur ecosystem for the youth.
The event was attended by nine delegations comprising 20 young entrepreneurs representing each of the CAAYE member countries.