| Danial Norjidi |
THE Young Entrepreneurs Association of Brunei Darussalam (YEAB) has announced that it will be hosting this year’s Commonwealth Asia Alliance of Young Entrepreneurs (CAAYE) Summit from November 16-18.
As a statement from the YEAB reads, the CAAYE Summit is an annual event where 200 dynamic young entrepreneurs from all Commonwealth Asia countries (Brunei, Bangladesh, India, Malaysia, Maldives, Pakistan, Sri Lanka and Singapore) as well as one invitee member (Nepal) will collectively meet for three days to network, build business linkages and learn from field visits as well as conference and workshop sessions.
A key differentiator for this particular edition of the summit is that delegates will jointly prepare a final communique articulating their commitments and recommendations, which will be submitted to member governments through the Commonwealth Secretariat.
Additionally, the winner of the 2014 CAAYE Challenge will be revealed at the summit, and he or she will have the opportunity to present his or her winning business to the audience.
The YEAB also went on to share that the event’s Leadership Assembly will bring together CAAYE representatives from each member nation and will also take place as part of the summit to discuss the progress over the last six months and plans for the alliance moving forward.
The focus of the 2014 CAAYE Summit will be to share best practices around the central theme, “Innovate with Purpose”, in building a more sustainable and socially responsible youth entrepreneur ecosystem. Delegates will attend plenary and parallel concurrent sessions as well as field visits to local industries and companies in groups to meet local entrepreneurs and learn best practices.
CAAYE was formed in 2011 comprising member organisations from eight Asian Commonwealth countries, and the alliance has grown to include Nepal as an observer state. Supported and endorsed by the Commonwealth Secretariat, the CAAYE members have collectively adopted a charter to raise awareness and support the promotion of youth entrepreneurship culture and policies in the region.
At an envisioning workshop in New Delhi, India in November 2011, the CAAYE founders agreed to meet twice a year. As a founding member and key participant of CAAYE since its inception, the YEAB was nominated to host the summit in Brunei this year.