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ANNUAL REPORT INSPIRING YOUNG MINDS

2011


TABLE OF CONTENTS 1 2 3 4 5 6 7 8 9 10 11 12

FOREWORD – ANDROULLA VASSILIOU – EUROPEAN COMMISSIONER YEAR IN REVIEW Message from our Chairman and CEO

OUR LEADERSHIP JA-YE Europe Board of Directors - National Chairs

OUR NETWORK OUR APPROACH OUR CORE PROGRAMMES We work with students from primary up to university to develop a series of skills to ensure future success of Europe’s next generation of business leaders.

CLOSING THE GAP between business and education Our survey of Europe’s business leaders

SKILLS FOR THE 21ST CENTURY Our initiatives and projects give a new perspective to learning-by-doing and help students acquire the necessary skills for an ever more complex, competitive and global economy.

JA-YE Alumni Europe A network of young entrepreneurs building opportunities

AT OUR BEST Highlighting some of the many accomplishments throughout the JA-YE Europe network!

Financial Statements partners


Foreword

YEAR IN REVIEW

Androulla Vassiliou, European Commissioner for Education, Culture, Multilingualism, Youth and Sport

Message from our Chairman and CEO

The current crisis has taken a toll on our labour markets and young people have been particularly hit. Many youngsters face great difficulties in moving from education and training into employment and we have seen an important rise in youth unemployment. Fighting against this situation is a key priority for the European Commission and I would like to thank Junior Achievement – Young Enterprise (JA-YE) for the help which they give to young people. Entrepreneurship is a vital competence, not only for those who will become entrepreneurs but for all young people whatever their future path in life. The dedication of JAYE to promoting entrepreneurship education makes a remarkable contribution to help young Europeans reach their full potential via creativity, a sense of initiative and the capacity to manage a project. I therefore congratulate JA-YE on their successful programmes such as “Enterprise without Borders”, “The Global Enterprise Project” and “The Start-Up Programme”. Their continued ability to mobilise strong networks between education, business and community is an inspiring example for all. I compliment JA-YE on their great achievements throughout 2011 and I wish you every success for the future. Yours sincerely, Androulla Vassiliou European Commissioner for Education, Culture, Multilingualism, Youth and Sport

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year, one has only to think of the thousands of others who also competed in closely fought regional and national competitions across Europe. Years of research and evaluations tell us that we are making a difference: increased motivation, better education and career choices, higher start-up rates, more job creation.

Never has our challenge been more demanding and never has there been a greater need for us to succeed. The shift in the balance of economic power from west to east and north to south has destabilised the economies of much of Europe and driven the problem of youth unemployment to the top of the agenda. In this environment we need to be constantly mindful of the impact we are having and the need to maximise our return on investment in order to help future generations of young people to overcome this challenge. Hundreds of JA-YE staff manage 86 million hours of activity each year and touch close to 4 million young people. A growing army of alumni (now in excess of 4,000) contribute as active volunteers. 1,000 community and business leaders serve on our boards of directors. This year, our oldest member organisation, the UK, turns 50. Every year at our competitions we witness truly inspirational displays of entrepreneurism and innovation and we hear young people describe the experience as a life-changing event. To get a sense of how far these students have come in one school

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JA-YE Europe was established 10 years ago to help build closer links across the network, raise awareness among important stakeholders and partner with the five other geographic regions within JA Worldwide to develop a truly global network. In partnership with the European Commission – specifically DG Education and Culture – we have seen the take-off of initiatives like Enterprise without Borders and Innovation Camps. With the help of DG Enterprise and DG Employment we are promoting employability, social enterprise and employee volunteering. Our private sector partners are persistent innovators with exciting projects like the online Social Innovation Relay, the Global Enterprise Project, the Sci-Tech Challenge and the Social Enterprise Program. We can take satisfaction from a year of enormous achievement, but we look forward to another year full of exciting developments. We are both proud to be working with so many inspiring people engaged in such an important collective effort. Our focus, as we go forward, will be on deeper collaboration, impact and effectiveness, our part in the global strategy and, most important of all, working hard to support each of our 36 member nations to achieve their goals. Michael P. Bray CHAIRMAN Clifford Chance

Caroline Jenner CEO JA-YE Europe

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OUR LEADERSHIP JA-YE Europe board of directors Michael Bray, Chairman JA-YE Europe (middle) Ralph de la Vega, Chairman JA Worldwide (right)

Sonja Bata Honorary Member of the Board Member of the Board, Bata Shoe Organisation

Johan H. Andresen jr. President & CEO FERD

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Francesco Vanni d’Archirafi Chairman Citibank Europe plc

Giuseppe De Palma Vice President EU Affairs ExxonMobil Petroleum & Chemical B.V.B.A

Jo Deblaere Global Chief Operating Officer Accenture

Christophe Leclercq Publisher EurActiv.com

Per Møller CEO Ernst & Young Denmark

Lars-Petter Ørving Managing Director EMEA North & East Manpower AS

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Michael P. Bray CHAIRMAN Clifford Chance

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Gabriele Zedlmayer Head of Global Citizenship Activities & VP Global Social Innovation Office Hewlett-Packard Company

Jean-Léopold Schuybroek VICE CHAIRMAN Executive Chairman Interel

Ferdinando Beccalli-Falco President and CEO of GE Europe & North Asia CEO GE Germany

Michel De Wolf SECRETARY OF THE BOARD Managing Partner DGST Auditors

Peter Cheese Human Capital Consultant

Jørgen Clausen Former President & CEO Danfoss A/S

John Grumbar Executive Chairman Egon Zehnder International

Bengt Gunnarsson Senior Advisor Bata Group

Guenther Juenger Director Corporate Affairs Group EMEA INTEL

Jan Muehlfeit Chairman Microsoft Europe

Martin Spurling Chief Executive Officer HSBC Turkey *Nominee for 2012

Mark Torfs Chief Operations Officer Deloitte Belgium *Nominee for 2012

Epp Vodja Chair of the Board of Executives CEO Junior Achievement Estonia

Caroline Jenner CEO JA-YE Europe * ex-officio

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OUR LEADERSHIP NATIONAL CHAIRS ARMENIA Ray Reeder

AUSTRIA Dr. Gerhard Wildmoser

BELGIUM (Flemish) Yves Servotte

BELGIUM (French) Michel De Wolf

MACEDONIA Vesna Stojanova

MALTA Josef Camilleri

MOLDOVA Grigore Belostecinic

NETHERLANDS Han de Ruiter

Business Consultant

Associate, CEO Wildmoser/Koch & Partner Rechtsanwälte GesmbH

Member of the Executive Board BENEO-Group

Managing Partner DGST Auditors

Vice-Dean Faculty for Business and Economy

Head Public Affairs and CSR HSBC Bank (Malta) plc

Rector Academy of Economic Studies

Marketing Director AEGON

BULGARIA Sasha Bezuhanova

CZECH REPUBLIC Irena A. Brichta

DENMARK Jørgen Mads Clausen

ESTONIA Rein Loik

ROMANIA Mihai Tudor

Managing Partner Brichta & Partners s.r.o.

Former President and CEO Danfoss A/S

CEO Tallinn Airport

POLAND Sonia WędrychowiczHorbatowska

PORTUGAL João Pedro Tavares

HP CEE Public Sector Director

NORWAY Vibeke Hammer Madsen CEO VIRKE – The Federation of Norwegian Commercial & Service Enterprises

Vice-President of the Board Citi Handlowy Bank

Vice-President Accenture Portugal

General Manager IBM South East Europe

FINLAND Elmar Paananen

FRANCE Jérôme Gervais

GERMANY Prof. Dr. Michael Hüther

GREECE Christos Tsangos

RUSSIA Ac. Evgeny P. Velikhov

SERBIA Svetlana Kisic

SLOVAKIA Martin Kubala

SPAIN Iñigo Churruca Bonilla

CEO Troll Capital ltd.

CEO Adecco Foundation

Institut der deutschen Wirtschaft Köln

Technology Investor Cloudwise S.A.

President RNA “Kurchatovsky Institute”

Senior Expert Economic institute

CEO Hewlett-Packard Slovakia

Managing Director ING Commercial Banking

HUNGARY Péter Fáth

IRELAND Brendan Doyle

ISLE OF MAN Jim Dale

ISRAEL Ella Galil

Government Relations Director Dunamenti Power Plant

Director Corporate Finance Deloitte

Executive Chairman CPW Insurance Limited

Chairperson

SWEDEN Erik Skog

SWITZERLAND Ruedi Noser

TURKEY Nevzat Öztangut

UNITED KINGDOM Ian Smith

Partner Sahlgren & Skog

Member of the Swiss National Parliament CEO Noser Management AG

Executive Board and the Board of Directors Garanti Securities

Partner AndersonBick Consultants LLP

ITALY Stefano Scabbio

LATVIA Aigars Rostovskis

LITHUANIA Šarūnas Skyrius

LUXEMBOURG Yves Elsen

Regional Managing Director Italy and Iberia Manpower

Chairman of the Board University of Turiba

Partner GILD Bankers

Managing Partner & CEO HITEC Luxembourg S.A.

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our network ARMENIA Junior Achievement Armenia Armine Hovannisian www.jaarmenia.com

GERMANY Junior Achievement Germany Marion Hüchtermann www.juniorprojekt.de

LUXEMBOURG JA-YE Luxembourg Serge Lucas www.jonk-entrepreneuren.lu

SERBIA Junior Achievement Serbia Darko Radicanin www.ja-serbia.org

AUSTRIA Junior Enterprise Austria Michaela Tomek www.junior.cc

GREECE Junior Achievement Greece Maria Laina www.sen.org.gr

MACEDONIA Junior Achievement Macedonia Jasmina Maneva-Galevska www.jamacedonia.org.mk

SLOVAKIA Junior Achievement Slovakia Marcela Havrilova www.jasr.sk

BELGIUM (FLEMISH) Vlaamse Jonge Ondernemingen Peter Coenen www.vlajo.org

HUNGARY Junior Achievement Hungary Orsolya Gergely www.ejam.hu

MALTA Young Enterprise Malta Lorna Farrugia www.youngenterprise.org.mt

SPAIN Junior Achievement Spain Lucia De Zavala www.fundacionjaes.org

BELGIUM (FRENCH) Les jeunes entreprises Thierry Villers www.lesjeunesentreprises.be

ICELAND Junior Achievement Iceland Gunnar Jonatansson www.ungirfrumkvodlar.is

MOLDOVA Junior Achievement Moldova Tatiana Ungureanu www.jamoldova.org.md

SWEDEN Ung Företagsamhet Young Enterprise Sweden Magnus Engelbäck www.ungforetagsamhet.se

BULGARIA Junior Achievement Bulgaria Milena Stoycheva www.jabulgaria.org

IRELAND Junior Achievement Ireland Della Clancy www.juniorachievement.ie

NETHERLANDS Jong Ondernemen Arko Veefkind www.jongondernemen.nl

SWITZERLAND Young Enterprise Switzerland Nicole Heim www.y-e.ch

CZECH REPUBLIC Junior Achievement Czech Republic Josef Müller www.jacr.cz

ISLE OF MAN Junior Achievement Isle of Man Sue Cook www.jaiom.im

NORWAY Ungt Enterprenørskap JA-YE Norway Anne Kathrine Slungård www.ue.no

TURKEY Junior Achievement Turkey Kerim Caliskan www.gencbasari.org

DENMARK Young Enterprise Denmark Christian Vintergaard www.ye.dk

ISRAEL Young Entrepreneurs Israel Uri Yaloz www.yazamim.org.il

POLAND Junior Achievement Foundation of Poland Zbigniew Modrzewski www.junior.org.pl

UNITED KINGDOM Young Enterprise United Kingdom Michael Mercieca www.young-enterprise.org.uk

ESTONIA Junior Achievement Estonia Epp Vodja www.ja.ee

ITALY Junior Achievement Italy Miriam Cresta www.junioritalia.org

PORTUGAL Junior Achievement Portugal Erica Nascimento Marta Viera de Sa www.japortugal.org

FINLAND Young Enterprise Finland Virpi Utriainen www.nuoriyittajyys.fi

LATVIA Junior Achievement Latvia Janis Krievans www.jal.lv

ROMANIA Junior Achievement Romania Stefania Popp www.jaromania.org

FRANCE Entreprendre pour Apprendre Isabelle Andrieu www.entreprendre-pour-apprendre.fr

LITHUANIA Junior Achievement Lithuania Eugenijus Savicius www.lja.lt

RUSSIA Junior Achievement Russia Nina Kuznetsova www.ja-russia.ru

Note: For the most updated information please refer to our website: http://www.ja-ye.org

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OUR APPROACH OUR REACH

Our alumni

In partnership with the business and education communities, JA-YE Europe works to inspire and prepare young people to succeed in a global economy. We focus on young people from primary through postsecondary school because we think that this is where the seeds of achievement are sown—where young people need encouragement and support while they discover talents, test ideas and apply skills.

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We start narrowing the gap between business and education early on by engaging vast numbers of business people directly in the classroom alongside thousands of teachers and millions of students. Every day we strive to increase the number of more confident, enterprising and empowered young people entering the workforce.

2011 - Annual report

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our core programmes Primary School

OUR COMMUNITY How does a community work? What are the different roles that people play and how do these roles relate to each other? All these are questions to which young students find answers with the help of business volunteers. During five classroom visits, the volunteers perform a series of fun activities with the students to facilitate their understanding and learning about the community in which they live. Through a voting decision-making activity, students discuss what can be done and take on different responsibilities.

The Our Community program is great! We like the materials a lot. Also, we enjoyed the excursions to different organisations, even to the local municipality! Student – Estonia

IMPACT 24 European Countries 107,854 Students 2,833 Schools 2,200 business Volunteers

EUROPE AND ME The programme is new and brings the European dimension into focus. With the help of volunteers from the business world, students gain knowledge about: how businesses operate in Europe; what “sustainability” and “interdependency” are; and how the relationship between natural, human, and capital resources works.

IMPACT

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No amount of money could pay for the experience I’ve had. I will definitely be using my new improved presentation skills in the future - Preparation is key! Business Volunteer – Ireland

5 European Countries

7,622 Students

244 Schools

108 business Volunteers

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our core programmes middle School

IT’S MY BUSINESS

ECONOMICS FOR SUCCESS

The programme raises students’ awareness about entrepreneurs and entrepreneurship. Students identify the characteristics of an entrepreneur and the types of activities they do.

Personal finance, students’ education and career options are the three main pillars of the programme. By gaining this knowledge, they will be more conscious of the choices they need to make, the opportunity costs all around them and what they can achieve by staying in school.

The learning process is done through handson activities with the support of business volunteers and a series of online activities.

Students are guided by business volunteers through carefully crafted activities that seek to develop a range of life skills and to give students a broader perspective about their future.

The programme made students aware of many new things. For example what is the role that resources play in a business? Also, the business volunteer was thrilled that they could present such activities so successfully in a classroom. Teacher – Romania

It was a privilege to have participated in this project. It was undoubtedly both an enriching experience and a demanding challenge. I think I was able to express to each of them the role that they, as individuals, should have in a constantly changing society.” Business Volunteer, Portugal

IMPACT 21 European Countries

IMPACT

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228,985 Students

11 European Countries

18,727 Students

3,418 Schools

337 Schools

294 business Volunteers

1,789 Volunteers 2011 - Annual report

2011 - Annual report

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our core programmes secondary School

COMPANY PROGRAMME The Company Programme is just that: students set up their own company over the course of one school year. Students work in teams and share responsibilities.

Through participating in the programme, student teams have the chance to gain hands-on experience in entrepreneurship. They experience the excitement but also the hard work that it requires.

They come up with ideas for real products or services, do market research, raise capital, sell and handle the money and accounts. Throughout the process, they work with volunteer mentors from the business world.

Students teams have the opportunity to participate in numerous regional, national and European competitions as part of the programme:

The JA-YE Company Programme is recognised by the European Commission Enterprise Directorate General as ‘Best Practice in Entrepreneurship Education’.

• • •

Trade Fairs Company of the Year Competitions Awards in specific categories

IMPACT 37 European Countries

Personal Skills

business Skills

Working in a team

Basic economics

Communication

Financial literacy

Self-confidence

Developing market research

Taking initiative

Drafting a business plan

Problem-solving

Raising finance

Taking calculated risk

Sales techniques

Leadership

Running a business meeting

223,576 Students 6,636 schools 19,282 Business Volunteers

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our core programmes secondary School

JA-YE EUROPE TRADE FAIR The JA-YE Europe Trade Fair was hosted by JA Slovakia this year and is a unique opportunity for students participating in the Company Programme to experience what it really feels like to be an entrepreneur. The top student companies from 36 European countries gathered for the event that took place in Bratislava. Organised every year, students create stands to display and promote their products to sell them to the general public. The European Trade Fair has been characterized as one of the most exciting and rewarding moments of the year. In addition to competing for business, student teams also have the opportunity to win a variety of awards. Students must use teamwork and their organizational and presentation skills to defend their business plan to a panel of judges from the business community.

Thanks to these young people it is clear to me that the problem of unemployment cannot be resolved just by digging ditches. If young people can compete successfully at events like this and realise how to create a

IMPACT 36 european Countries 50 student companies 18 Judges from the Business Community 50 Teachers

prosperous company, then they will certainly be able to create hundreds if not thousands of jobs later on.” Iveta Radičová, Prime Minister of the Slovak Republic

Awards 2011 BEST OVERALL COMPANY Knetter (the Netherlands) A children’s soap with a nice crackling effect

BATA BEST STAND AWARD Knetter (the Netherlands)

HP RESPONSIBLE BUSINESS AWARD TouchCut (Denmark) Electronic touch screen solutions for physically or mentally challenged individuals 19

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MICROSOFT MOST INNOVATIVE PRODUCT Backbord (Switzerland) Collection of designed bags made from recycled sailing materials

SAP BEST SALE AWARD BioBookCover (Austria) Coloured bookcovers made of biologically degradable ingredients

ACCENTURE EWB COLLABORATION AWARD Physticks (Austria) Science software for secondary school students

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our core programmes secondary School

COMPANY OF THE YEAR COMPETITION IMPACT The 22nd JA-YE Europe Company of the Year Competition was hosted by JA-YE Norway in Oslo and it welcomed 34 national champion student companies from around Europe.

34 European Countries

JA-YE Europe Company of the Year Award is given to the best overall student company. Student companies that have won their national competitions proceed to this international competition where they are judged by a panel of business people. The jury examines each company’s approach to communication, teamwork, problem-solving, objectivesetting, planning and review, administration and financial systems, personnel management, product development, customer focus, marketing and sales and financial results. Apart from the main award, the student teams also compete for a range of themed awards that are offered every year with the support of our partners, and they are called “Signature Awards”.

34 student companies 10 Judges from the Business Community

Awards 2011

Words cannot express our delight and honour to be part of what is such a fantastic competition! Summit Enterprise, UK

COMPANY OF THE YEAR Summit Enterprise (UK) Summit Enterprise created a multifunctional perfume pen for men and women, which works both as a pen for work and as a perfume atomiser. The students are still running the business and have plans for development.

1ST RUNNER UP NewQReation i/s (Denmark) Innovative smartphone application

2ND RUNNER UP Ace (Slovakia) A toothbrush and toothpaste in one 21

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SIGNATURE AWARDS 2011 NORWEGIAN TAX ADMINISTRATION ACCOUNTING AWARD Captura (Norway) Youth magazine working with freelance journalists

NORDEA AWARD FOR THE BEST BUSINESS IDEA Team NewQReation (Denmark) Innovative smartphone application

FEDEX ACCESS AWARD Backbord (Switzerland) Collection of designed bags made from recycled sailing materials 22


our core programmes

post secondary School Awards 2011 WINNER STARTUP OF THE YEAR Flicks (Portugal) State of the art solutions and services for fire detection in a wide variety of environments, through a system composed by an array of multispectral sensors

1ST RUNNER UP Bemee (Spain) A wireless technology that enhances the interaction between a person and its surroundings

SIGNATURE AWARDS 2011 CITI SUSTAINABILITY AWARD Atech SB (Norway) Bilge-water filtration system that eliminates pollution of the ocean

INTEL INNOVATION AWARD Flicks (Portugal) Cutting –edge solutions for fire detection

MASTERCARD BEST INTERNATIONAL POTENTIAL AWARD Up The Shop (Finland)

2ND RUNNER UP Eventriffic (Romania) Online media monitoring service for event organisers

IMPACT The StartUp Programme targets students aged between 19 and 30 who are at college or university. Students develop startups related to their area of study and often collaborate with others in different faculties who can offer complementary competences. The programme gives students the opportunity to really test what they are learning, to work with experts from business and industry, to gain entrepreneurial experience in a very supportive environment and to seriously consider becoming an entrepreneur.

PWC RESPONSIBLE LEADERSHIP AWARD BeMee (Spain) A wireless technology that enhances the interaction between a person and its surroundings

16 european countries 12,454 students 289 Schools 1,770 Business Volunteers

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Art and design concepts for pop-up shop

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“

At a time of crisis, which particularly affects young people, it is essential to convey how much your work can help our country, because such initiatives are essential to overcoming the difficulties we are experiencing.

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The Community of Madrid supports all programmes, from kindergarten to university. This is a key action to make Spain a prosperous and prestigious country. Letizia Ortiz Rocasolano, HRH Princess of Asturias

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CLOSING THE GAP BETWEEN BUSINESS AND EDUCATION JA-YE commissioned FreshMinds Research to investigate the role of business in society and the impact of volunteering and corporate citizenship on developing skills in young people. 517 business leaders from around Europe completed the survey stating their opinions on attitudes, aspirations and actions regarding the role of business in society and the added value of volunteering and community support.

The majority of businesses feel that the development of entrepreneurial and financial skills is particularly poor in their country.

To what extent do you believe that your country’s education system is equipping young people with the right skills for them to enter the workforce?

At the same time, they believe that JA-YE’s programmes play a major role in closing the skills gap, with 81% of respondents stating that JA-YE programmes “make a reasonable difference” or “make a great difference” in equipping young people with the skills they need for the future.

• Business should play an active role in education. • Volunteering has equally high value for “the development of skills for the future generations”, “society in general” as well as respondents’ organisations and respondents’ employees. Considering the target groups who benefit, to what extent do you think that business-education partnerships are effective?

Base: 517

• 63% of the business people interviewed believe that their country’s education system is not equipping young people with the right skills they need to enter the workforce. • 54 % of the respondents felt that young people were lacking in “soft skills” (such as confidence, presentation skills, networking, motivation, drive and teamwork). • JA-YE was felt by respondents to primarily develop students’ “soft skills” (50%) and “entrepreneurship skills and acumen” (40%). • A clear majority (88%) indicated that their organisations engage with young people to increase their exposure to enterprise.

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SKILLS FOR THE 21ST CENTURY GLOBALISATION With the support of the Lifelong Learning Programme of the European Union

Enterprise without Borders (EwB) is a programme designed for secondary school students running mini-companies and is supported by the European Commission Directorate General for Education and Culture. By participating in EwB, students gain new skills in doing business across borders. The EwB online platform and community allows students to negotiate partnerships and joint-ventures with students in other countries. It also allows teachers to communicate and collaborate with each other as they guide their students through the programme.

IMPACT

AWARDS 2011 EWB HIGH POTENTIAL AWARD In Tour Europe (Denmark, Italy, Bulgaria) A concept of sustainable travel tourism that can be replicated in other countries

EWB TEACHER OF THE YEAR AWARD Mr. Stig Hulten (Denmark)

32 countries

9,218 students

479 Schools

438 Business Volunteers GEP is a new initiative launched in 2011 by JA-YE Europe in partnership with the European Round Table of Industrialists (ERT) and European Schoolnet to promote a greater understanding and awareness among young people about globalisation, entrepreneurship and the skills they need to succeed in the global economy.

Students join innovation camp activities (the GEP Challenge) in order to find solutions to challenges put to them by some of Europe’s biggest global companies. Student companies registered in the GEP programme all have a global business dimension. They will be able to join the EwB platform, and be part of the entrepreneurial student community and trading activities.

THE ACTIVITIES TO BE INCLUDED IN THE PROGRAMME ARE: • • • • • 27

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GEP Online Platform and Community Student Companies and International Joint Ventures GEP Challenge GEP Classroom Visits with Expert Business Volunteers GEP Case Studies and GEP Quiz

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SKILLS FOR THE 21ST CENTURY SOCIAL ENTERPRISE 11 countries on six continents participated in the pilot year of this global web-based competition: The Social Innovation Relay. In partnership with HP, JA-YE Europe has developed an online project that challenges secondary school students to design projects that can have a significant positive social impact. HP E-mentors coach the students as they work on their ideas and apply business principles. The project uses e-learning to increase the global scalability of the activities. Team “Fortuna� from Nizhnekamsk, Russia, took home the global title for the best social innovation. They developed a simple and sustainable business concept designed to encourage citizens to manufacture and sell products created from recyclable waste materials to drive economic development and environmental sustainability.

GLOBAL WINNER 2011 FORTUNA RUSSIA

IMPACT 11 Countries worldwide

Policy makers feel that social businesses will be an important source of new jobs. Opportunities for financing as well as how to generate more start-ups in this sector are a hot topic these days.

9,581 student companies

In 2011 JA-YE Europe in partnership with Ferd and Intel launched a new entrepreneurial programme for secondary school students focusing on social entrepreneurship.

6 Continents

In the first year, ten countries in Europe are participating in the programme. SEP is not only addressing the important issue of unemployment, but also one of access to information and education. Furthermore, some of the programmes components are web-based, enhancing the development of e-learning skills.

127 HP e-mentors

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GOAL 10 European Countries 2,000 students 250 Social Enterprises 250 business volunteers

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SKILLS FOR THE 21ST CENTURY MATH, SCIENCE AND TECHNOLOGY

IMPACT Tomorrow’s technological solutions and innovation across a myriad of sectors depend on the interest and involvement of todays’ young students in acquiring STEM skills (Science, Technology, Engineering, Maths). Europe is facing a shortage in STEM graduates and this gap needs to be closed in order to maintain Europe’s competitiveness and to increase employability.

Sci-Preneurship 24 hour student contest is an educational initiative that brings together post-secondary students coming from strong STEM backgrounds (Science, Technology, Engineering and Maths) and others who have business and entrepreneurial experience. This event took place for the first time in 2011 in Brussels, with 40 students from 23 European countries. Participants are selected from pools of post-secondary students representing Intel’s International Science and Engineering Fair (ISEF) and from JA-YE Alumni Europe. Innovation and creativity are at the core of the project.

The Sci-Tech Challenge runs in nine countries across Europe and it aims to inspire secondary school students to become the next generation of STEM leaders by combining their technical skills with entrepreneurship. Every year national winners of the Sci-Tech Challenge participate in the European final. They have one day to develop a highly innovative and creative solution to today’s energy challenges. Working in international teams, students are guided by business volunteers from ExxonMobil to develop their ideas.

IMPACT

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Students apply science, entrepreneurial and team-working skills to find innovative answers. They have access to a team of experienced business experts from Intel who help students refine and finalise their ideas.

23 European Countries 40 Alumni 10 Business Concepts 10 Business Volunteers

The programme includes: • An interactive and educational web space and Sci-Tech Quiz • Classroom Activities led by STEM expert volunteers from ExxonMobil • Annual European Sci-Tech Challenge

9 European Countries

5,413 Students

138 Teachers

163 business Volunteers 2011 - Annual report

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SKILLS FOR THE 21ST CENTURY FINANCIAL CAPABILITY BANKS IN ACTION The financial crisis has further underscored the need for financial education. As the financial world becomes more complex, it is crucial that students learn the basics as early as possible. JA Worldwide developed Banks in Action in order to help demystify finance and encourage young people to try it themselves. Students learn the principles of the banking industry and they are tasked with developing a successful financial business model. The Banks in Action Challenge moves students from the Banks in Action classroom activity into an international competition to test what they have learned. Every year a European final takes place with awards supported by the Citi Foundation.

VIRTUAL BUSINESS CHALLENGE

IMPACT 12 european countries

The Virtual Business Challenge places secondary school students directly in the boardroom. Through this virtual and interactive challenge, students compete to win market share and distinguish their company from competitors. Student teams make decisions on research and development (R&D), production, pricing, marketing and corporate social responsibility (CSR). Teams compete against each other selling the same high-tech product in the same virtual market.

37,502 Students E-learning

IMPACT 15 european countries 51,050 Students E-learning

Through several rounds of competition, students learn to refine their decision making and collaboration skills to improve market share.

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SKILLS FOR THE 21ST CENTURY INNOVATION

EUROPEAN SOCIAL INNOVATION CAMP INNOVATION CAMPS FOR VOCATIONAL SCHOOLS The European Creativity and Innovation Challenge, suported by the European Commission Directorate General for Education and Culture, is a partnership between 14 European countries, which dedicates their work to encourage students to use their skills in enterprising ways.

Brussels hosted 100 students from 14 countries at the Social Innovation Camp. Multinational student teams were challenged to find a solution “that will cut youth unemployment in half�. Students proved their ability to think outside-the-box and to come up with many innovative

concepts. The winning team developed a career mentorship programme for secondary school students and early school leavers combined with an online community that brings young job seekers and businesses closer together.

IMPACT 13 Countries 48 innovation camps 3,828 students 302 schools 374 Business Volunteers

With the support of the Lifelong Learning Programme of the European Union

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2011 - Annual report

2011 - Annual report

36


JA-YE ALUMNI EUROPE 2011 saw the European alumni network grow in reach and in the scope of their activities. New membership increased by 90% and the overall size of the network doubled.

THIS YEAR’S HIGHLIGHTS •

The National Coordinators’ Meeting in Sofia, Bulgaria. The meeting addressed the current challenges and opportunities facing the development of the network in both size and quality. Four new national networks were founded directly after the event: Austria, Czech Republic, Latvia and Malta.

Launch of new Alumni Leadership Award at the Company of the Year Competition recognized 15 participants that demonstrated outstanding leadership during the competition.

The 8th Alumni Conference was organized by the German alumni network, which hosted 60 European alumni in Munich. The conference focused on mega trends in society and what kinds of entrepreneurial opportunities can come from them.

2011 was a great alumni year. With many new networks joining the European family and with the network taking a more proactive approach to knowledge sharing across borders, we are taking great leaps forward. Louise Edwards, President of JA-YE Alumni Europe

IMPACT 20 countries with active alumni networks

Six worldwide finalists representing Europe, Africa, the Americas and the Middle East took part in the first round. “Ung Omsorg” from Sweden, was represented by Oscar Lundin and Benjamin Kainz. Their mission is to give the elderly more energy and better quality of life, while giving young people valuable job experience. They created a network of youth to work in retirement homes across Sweden. They impressed the jury with the way they managed to take an important social problem in Sweden, create a business model around it and make it possible to be replicated and scalable virtually anywhere.

3,000 registered alumni 37

The Ferd Award for Social Entrepreneurship was launched in 2010-2011 and aims to celebrate past participants of JA-YE entrepreneurship programmes from anywhere in the world, who through their enterprises have created a positive social impact.

2011 - Annual report

2011 - Annual report

We started because we wanted to create change, and make retirement houses in Sweden nicer places to be. It’s a great honour for us to represent social entrepreneurship and a youth movement for a society that takes better care of its old people. A big thank you to Ferd and JA-YE Europe for this award! Oscar and Benjamin 38


AT OUR BEST Model Nations 2011 The Model Nations Award aims to recognise the quality of the members’ leadership and operations; their impact and programmes at all age levels; and their contribution to the overall success of the JA-YE Europe network.

• Belgium FL

• Russia

• Belgium FR

• Serbia

• Bulgaria

• Slovakia

• Denmark

• Spain

• Norway

• Sweden

• Portugal

• United Kingdom

TJ Bata Quality Award 2011 The Thomas J Bata Quality Award recognises a JA-YE member organization for demonstrating the highest standard of excellence. The winner in 2011 was JA Romania. Established in 1993, JA Romania implements 35 educational programmes for young people, in partnership with the Romanian Ministry of Education, Research and Innovation.They cover applied economics, entrepreneurship education, financial education, job readiness education and social responsibility and sustainability. JA Romania supports students in achieving a better career and developing entrepreneurial skills and attitudes, a competitive spirit, work quality standards and responsibility. More than 150,000 students participate in JA Romania programmes annually.

• Romania

JA-YE Europe outstanding Leadership Award Francesco Vanni d’Archirafi Leadership Awards are presented to exceptional board members whose contribution to the organization has been more than outstanding, whose work has had an impact at both the national and European level and who have demonstrated a level of personal commitment and dedication that goes beyond expectation.

39

2011 - Annual report

2011 - Annual report

In 2011 the award was received by Francesco Vanni d’Archirafi, Chairman Citibank Europe plc. Francesco was among the founding members of JA-YE Europe and served as Chair from 2006-2011. During his tenure, JA-YE Europe doubled its student numbers.

40


FINANCIAL STATEMENT AUDITOR’S REPORT FOR THE YEAR ENDED

CONSOLIDATED FINANCIAL STATEMENTS

UNQUALIFIED AUDIT OPINION ON THE FINANCIAL STATEMENTS

STATUTORY AUDITOR’S REPORT TO THE GENERAL MEETING OFTHE MEMBERS OF THE SSOCIATION OF “JA-YE EUROPE” ON THEFINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2011 In accordance with the legal and statutory requirements, we report to you on the performance of the mandate of statutory auditor which has been entrusted to us. This report contains our opinion on the true and fair view of the financial statements as well as the required additional statements.

31 December 2011, in EUR Balance Sheet

2011

2010

Assets Fixed Assets

27,955

39,018

II. Intangible fixed assets

15,709

22,717

III. Tangible fixed assets

8,094

12,225

4,180

7,761

D. Leased fixed assets

Current assets V. Long term

3,914

4,464

4,152

4,076

1,106,995 -

1,130,590 114,503

-

114,503

VI. Inventories VII. Short term (Contribution Agreements, invoices, etc)

I. Funds

100,689

100,689

100,689

100,689

837,906

694,688

VI. Investment grants

431,763

-526,071

-427,795

-11,889

-13,629

G. Other operating charges -

-

1,096,574

1,112,581

-28,976

-45,072

H. Operating charges caiptalised as reorganization costs Operating results (positive)

-

A. Due to banks

Operating results (negative)

-43,692

-54,733

B/C. Long term payables

II. Financial proceeds

35,622

50,074

Financial charges

-24,110

-4,918

-32,180

-9,577

15,176

885

IX. Short term

432,718

372,958

Current results (positive) Current results (negative)

C/D. Accounts payable

21,135

34,148

3,662

3,628

E. Wages, taxes and Social Security

84,872

72,933

1,134,950 1,169,608

523,244

F. Provisions for liabilities and charges (withdrawal)

B. Accumulated results (negative)

357,885

Total Assets

A. Gross margin (positive)

D/E. Depreciation, short values

314,899

5,737

-942,302

-57,251

B. Other

9,447

-1,077,678

-74,255

B. Due to banks

X. Deferred charges and accrued income

Services and other goods

V. A. Accumulated results (positive)

336,803

312,034

1,374,065

C. Wages, Social Security, pensions

A. Current portion of long term debts

255,980

1,600,922

13,589

523,007

IX. Cash and Bank

Turnover (sales, donations, recuperation of costs, etc.)

11,942

Debts

2010

I. Operating income and charges

IV. Restricted Funds

Provisions

2011

F. Other X. Accrued charges and deferred income

Total Liabilities

Management is responsible for the preparation and the fair presentation of these financial statements. This responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the legal requirements and the Auditing Standards applicable in Belgium, as issued by the Institute of Registered Auditors. Those standards require that we plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement, whether due to fraud or error.

B. Gross margin (negative)

A. Account receivables VIII. Short term financial investments

41

57,027

VIII. Long term

A. Account receivables B. Other

38,376

III. Revaluation Surplus

B. Equipment

IV. Financial fixed assets

Equity A. Starting Capital (accumulated results previous years)

Income Statement I. Operating income and charges

B. Permanent Means

A. Land and buildings

E/F. Other fixed assets

2010

Liabilities

I. Formation expenses

C. Material

2011

We have audited the financial statements for the year ended December 31, 2011, prepared in accordance with the financial reporting framework applicable in Belgium, which show a balance sheet total of €1.134.949, a net assets of the non-for-profit association are positive and amount to €38.375 and a loss for the year of € 17.004.

8,651

III. Exceptional proceeds Exceptional costs

318,060

265,877

Profit for the year (positive)

663,856

739,623

Loss for the year (negative)

1,134,950

1,169,608

2011 - Annual report

-17,004

-8,692

Loss brought forward from preceding period

-57,251

-48,559

Loss to be carried forward

-74,255

-57,251

Solidarity Fund (withdrawal)

2011 - Annual report

In accordance with the above-mentioned auditing standards, we considered the association’s accounting system, as well as its internal control procedures. We have obtained from management and from the association’s officials the explanation and information necessary for executing our audit procedures. We have examined, on a test basis, the evidence supporting the amounts included in the financial statements. We have assessed the appropriateness of accounting policies and the reasonableness of significant accounting estimates made by the association as well as the overall financial statement presentation. We believe that these procedures provide a reasonable basis for our opinion. In our opinion, the financial statements for the year ended December 31, 2011 give a true and fair view of the association’s assets and liabilities, its financial position and the results of its operations in accordance with the financial reporting framework applicable in Belgium. MICHEL WEBER RÉVISEUR D’ENTREPRISES 1380 LASNE, FEBRUARY 21, 2012 CHEMIN DU LANTERNIER, 17

42


PARTNERS Partners

Gold partners

Contributors

AION Hellenic Bank JA Worldwide速 Qual Media Group Christophe Leclercq Michel De Wolf

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(*) With support from the European Community. The information contained in this publication does not necessarily reflect the position or opinion of the European Commission.

2011 - Annual report

2011 - Annual report

44


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21,542,508 STUDENTS SINCE 2002 AND COUNTING...

JA-YE Europe Annual Report 2011  

JA-YE Europe (www.ja-ye.org) is Europe’s largest provider of entrepreneurship education programmes, reaching 3.1 million students in 36 coun...

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