Accenture grant to equip 50,000 youth with job skills

23 December 2015

Accenture has committed a $5 million grant to Youth Business International, to be used to equip 50,000 youth worldwide with entrepreneurial skills. The donation, which is part of Accenture’s Skills to Succeed initiative, will also boost the capacity of the non-profit network and develop a global technology infrastructure.

Youth Business International
Youth Business International (YBI) is a global network of independent non-profit initiatives, founded in 2000 by HRH the Prince of Wales to help youth to start and grow their own business and create employment in more than 40 countries. YBI members help under-served young entrepreneurs with a combination of training, access to capital, mentoring and other business development services. So far over 100,000 young people have been assisted worldwide to set up their own business, of which 70% are still trading after three years and creating significant levels of employment and further benefits for their communities.

Accenture commits a 5 million grant to YBI

In 2006, professional services firm Accenture partnered with YBI and has since committed more than $8.5 million to the network, empowering it to deliver the funding, mentoring, and training to help 38,000 young entrepreneurs build and sustain their businesses. The new $5 million grant builds on this success and extends the partnership with another three years.

The donation will be used to equip 50,000 young people with skills to succeed in the business world, as well as assist youth around the world to establish approximately 10,000 start-ups and create over 16,000 associated jobs. In addition, the funds will enable YBI to expand its membership from 40 to 65 countries and boost its global technology infrastructure and the tools used by its members to share knowledge and effective responses to youth unemployment.

Usage of new Accenture grant

Commenting on Accenture’s renewed commitment, Andrew Devenport, CEO of YBI, says: “YBI is hugely proud to continue our partnership with Accenture. Working together since 2006, we have been able to deliver much needed support to thousands of young entrepreneurs around the world, and this investment in our network represents a significant vote of confidence in our achievements.”

“Entrepreneurs around the world are increasingly operating online. YBI needs a network that reflects this shift, embraces digital and drives scalability and efficiency in its support for disadvantaged youth,” explains Jill Huntley, Managing Director of Global Corporate Citizenship at Accenture, about the use of the additional grant. “By helping YBI increase the size and impact of its network, more young aspiring entrepreneurs will gain the skills they need to start and grow businesses, potentially creating new jobs.”

Skills to Succeed
The partnership with YBI is part of Accenture’s corporate citizenship initiative ‘Skills to Succeed’, which the firm launched in 2009 to address the global need for skills that open doors to meaningful, lasting employment and economic opportunity and to advance employment and entrepreneurship opportunities in markets around the world. The initiative is part of the firm’s CSR programme and aims at equipping more than 3 million people with skills to get a job or build a business.

Andrew Devenport - YBI and Jill Huntley - Accenture

Accenture has, as part of its Skills to Succeed programme, committed time and money to several other non-profit organisations. Examples include a partnership with Plan Netherlands to equip 6.000 Africans with skills to succeed, with The Prince’s Trust to help expand the reach of its flagship employability programme ‘Get Into’, with Ashoka to establish the Talent Growth Initiative aimed at bridging the skills gap and with Girls Who Code to close the gender gap in technology.


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Grey Consulting and Makerversity announce strategic partnership

05 April 2019

Grey Consulting has forged a new alliance with Makerversity, a 500-strong community of the brightest creative innovators, headquartered at Somerset House, London. The partnership hopes to tap into the experimental community to develop pioneering solutions for Grey Consulting’s clients.

In August 2018, one of the world’s largest design agencies surprised the business world by launching a dedicated consulting outfit. The news came as the two industries continued on their trajectory towards a historic synthesis. The consulting industry has been engaged in a pitched battle with the advertising and design space for the past few years, as the former increasingly encroaches on the territory of the latter via a protracted campaign of mergers and acquisitions; but there had been little traffic moving in the other direction.

At its launch, Grey Consulting was not billed as a direct competitor to established consultancies. However, the firm behind the new entity hopes that its creative experience will give it a competitive edge in winning consulting business from its existing clients. The Grey Group is a global advertising and marketing agency with headquarters in New York City, and 432 offices in 96 countries, operating in 154 cities. Grey Consulting opened its doors with a view to aiding clients within the areas of business and brand design, innovation and digital transformations.Grey Consulting and Makerversity announce strategic partnership

Now, as the firm looks to further expand its footprint in the market, Grey Consulting has unveiled details of a ground-breaking new alliance with Makerversity, a 500-strong community of creative innovators headquartered at Somerset House, London. The alignment with Makerversity is hoped to unlock the potential of collaborating with one of the world’s most experimental communities.

Makerversity curates and convenes the best talent across product design, fashion, art and experimental architecture, sustainable materials, IoT, digital manufacturing, and coding. It provides spaces and workshops for professional makers to develop and create their work, supported by Somerset House Trust. The alliance is expected to enable Grey Consulting to develop pioneering solutions for its clients, together with innovators who make something amazing for a living, every day. 

Leo Rayman, Grey Consulting CEO, commented, “This gives our clients the potential to access a network of some of the most diverse and innovative individuals in the world today. Being so tightly connected to a community of makers means we don’t just develop transformational strategies but can quickly realise them in three dimensions. This sets Grey Consulting apart from the pure play strategy houses who are sometimes criticised for not making their thinking real at the pace modern businesses require.” 

Fiona Dent, CEO of Makerversity, added, “Makerversity acts as a catalyst for unexpected encounters, fostering collaborations between an incredible range of the brightest leading creators and innovators. Our experimental approach and engaged members, whose own practice is defining our world, create highly original new outcomes. We are delighted to bring this philosophy to a wider audience and generate interesting projects for Makerversity members through our partnership with Grey Consulting.”