ANNUAL REPORT - Entreprendre pour Apprendre · JA-YE Europe Annual Report 0 Johan H. Andresen Jr....

ANNUAL REPORT

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Table ofContents

FIGHTING SKILLS MISMATCHES

FINANCIAL LITERACY AS ARESPONSE TO CRISIS

CHANGING LIVES CAMPAIGN

LEADERS-FOR-A-DAY

AT OUR BESTModel Organisations 2012 - Bata Quality Award - Leadership Award

FINANCIAL STATEMENTS

PARTNERS

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FOREWORDAntonio Tajani - Vice President EU Commission

YEAR IN REVIEWMessage from our Chairman and CEO

OUR LEADERSHIPJA-YE Europe Board of Directors – National Chairs

OUR NATIONAL CHAIRS

OUR NETWORK

OUR APPROACH

RE-BOOTING EUROPE’SENTREPRENEURIAL POTENTIAL

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ForewordANTONIO TAJANI, VICE PRESIDENT EU COMMISSION

In current times our youth suffers not only from a lack of jobs, but also from a lack of employability.

Our European educational systems are good; however, they do not always prepare young people for the real world and not always do they give students the opportunity to develop the key skills necessary to successfully manage their own life and career. In a Europe hit by crisis, school leavers are entering a highly challenging and competitive labour market that will demand innovation and entrepreneurial thinking. Investing in entrepreneurship education is one of the highest return investments Europe can make.

The development of a sense of initiative and entrepreneurship is one of the key competences for lifelong learning promoted at EU level. If we want to ensure that all our young people acquire or enhance this competence, we need to start from education, even as early as primary school.

There is growing evidence of the impact of entrepreneurship education at school and university. Young people who went through these programmes display more entrepreneurial attitudes, find a job more easily after graduation and start more companies.

Entrepreneurship programmes provide an excellent opportunity to connect education systems with the local economy. This means increasing significantly employability.

The Junior Achievement – Young Enterprise network and member organisations play a very important role in spreading an entrepreneurial culture within schools and universities across Europe, and I am glad that JA-YE is leading and being a partner to two of the new European projects in the field of entrepreneurship education supported by the EU Competitiveness and Innovation Framework Programme.

We need to transform schools and higher education institutions into places where creativity, innovation and entrepreneurship are encouraged, and where teaching methods based on experiential learning are embedded in the environment of the institution instead of being an exception.

To train and support school teachers is a key element, since qualified teachers are still the largest bottleneck in providing effective entrepreneurial education. We also need to further develop tools for measuring the entrepreneurial skills acquired by students, not only in order to be able to fine tune and target teaching methods and contents, but also to meet the demand from educational institutions for objective assessment methods.

I sincerely share and support your goal to make Europe more entrepreneurial by building a new, creative, self-confident and responsible generation of young people.

Yours sincerely,

Antonio TajaniVice President EU Commission

JA-YE Europe Annual Report 2012

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Year in ReviewMESSAGE FROM OUR CHAIRMAN AND CEO

CHANGING LIVESIN 2012

The immediate future of Europe depends upon the 94 million Europeans aged between 15 and 29. This generation will live an era of full globalization which demands mobility and new soft skills. So it is a matter of great concern that these young people have been hit so severely by the economic crisis. Unprecedented levels of unemployment, 25 million young people according to recent estimates, are putting an entire generation at risk. The Organisation for Economic Co-operation and Development (OECD) said Europe was “failing in its social contract”. Ironically, in 2010 and 2011, high unemployment levels co-existed with increased difficulties in filling vacancies. Thus young people’s employability is also threatened by labour market mismatches, due to inadequate skills, limited geographic mobility or inadequate wage conditions, across EU sectors and regions.

JA-YE believes that its three pillars—entrepreneurship, employability and financial literacy—have never been more relevant. For nearly a century, the “Company Program” has been changing lives across the globe. Past participants attest to the positive impact it has had on their careers and on their success as entrepreneurs.

With Young Enterprise UK turning 50, JA Worldwide celebrates half a century of activity in Europe. YE UK’s numerous alumni success stories make for a solid case to talk about the impact of the organisation in a region and at a time when its youth is faced with unacceptable unemployment levels. The evidence suggests that investment in JA pays off. The recent

research in the UK showed 46% of JA Alumni end up running their own business compared to 26% in the control group. As one alumnus put it: “You can’t learn to swim by reading a book. You have to at least paddle around a bit while doing it and Young Enterprise gives you that, the chance to paddle.”

There are several trends in entrepreneurship education that are more and more prevalent in Europe: one is social enterprise and social innovation where young people learn to apply their skills to solve social problems; another is international business experience where students are encouraged to engage with their peers in different countries to create ventures; a third is digital entrepreneurship where young people’s digital and social media skills are driving all kinds of new business concepts from online services to mobile applications. The JA-YE Start-Up Program is active at universities and colleges across Europe, with access to business angels and venture capital as a key component.

With the help of 130,000 volunteers in 2012 we have continued Changing the Lives of more than 3,000,000 students in 38 countries. Moving forward from here we are inviting the business community and key institutional stakeholders to a ‘call to action’ to help JA-YE ensure that more young people will exit the school system with top quality entrepreneurship education.

The legacy of the last 50 years is that Europe’s businesses and governments now see JA as one of the most important pathways to a brighter future for millions of young people.

Michael P. BrayCHAIRMANClifford Chance

Caroline JennerCEOJA-YE Europe

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Our LeadershipJA-YE EUROPE BOARD OF DIRECTORS

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Johan H. Andresen Jr.President and CEOFERD

Michael BrayChairmanVice ChairClifford Chance

Martin SpurlingCEO HSBC TurkeyHSBC Turkey

Mark TorfsTreasurerCOODeloitte

Peter CheeseCEOCIPD

Sonja BataHonorary Board MemberBata Shoe Organisation

Francesco Vanni d’ArchirafiChairman Citibank Europe plcCitibank Europe

Jo DeblaereChief Operating OfficerAccentureMichel De Wolf

CPA, Managing PartnerDGST Reviseurs d’entreprises

Bengt GunnarssonSenior AdvisorBata Group

Guenther JuengerDirector Corporate AffairsGroup EMEAIntel GmbH

Jan MuehlfeitChairman of Microsoft EuropeMicrosoft

Lars Petter ØrvingManaging Director EMEANorth & East RegionManpower AS

Jean-LéopoldSchuybroekExecutive ChairmanInterel

Caroline JennerCEOJA-YE EuropeGabriele Zedlmayer

Head of Global CitizenshipActivities & VP Global SocialInnovation OfficeHewlett Packard Company

Epp VodjaChair of the Board ofExecutives, CEO of JA EstoniaJA Estonia

Giuseppe De PalmaVice President EU AffairsExxonMobil Petroleum &Chemical B.V.B.A

Christophe LeclercqPublisherEurActiv.com

Per MollerCEOErnst & Young Denmark

Ferdinando Beccalli-FalcoPresident and CEO of GE Europe & North Asia, CEO GE GermanyGE International

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OurNational Chairs

SPAINIñigo ChurrucaManaging Director. Country HeadING Commercial Banking

SLOVAKIAMartin KubalaCEOHewlett-Packard Slovakia

PORTUGALJoão Pedro TavaresVice-PresidentAccenture Portugal

POLANDAneta PodymaPresident of the BoardAXA TFI SA

ROMANIAMihai TudorChief Commercial Officer Romtelecom

RUSSIAEvgeny VelikhovPresidentRSC “Kurchatov Institute”

SWEDENErik SkogPartnerSahlgren & Skog

SWITZERLANDRuedi NoserCEONoser Management AG

TURKEYNevzat OztangutExecutive Board and Board of DirectorsGaranti Securities

UNITED KINGDOMIan SmithPartnerAndersonBick Consultants

NETHERLANDSHan de RuiterMarketing DirectorAegon

NORWAYVibeke Hammer MadsenCEOVirke

MOLDOVAGrigore BelostecinicRectorAcademy of Economic Studies of Moldova

MALTAJosef CamilleriHead of Corporate Responsibility HSBC Bank Malta Plc

LUXEMBOURGYves ElsenManaging Partner & CEOHITEC Luxembourg

MACEDONIAVesna StojanovaVice deanFaculty for Business and Economy

LITHUANIAŠarunas SkyriusPartnerGILD Corporate Finance

LATVIAAigars RostovskisBoard ChairSchool of business administration “Turiba”

ITALYStefano ScabbioPresident Italy and Iberia Manpowergroup

ISLE OF MANJim DaleChairman/OwnerAcresfield Capital Limited

IRELANDBrendan DoyleDirectorDeloitte

ISRAELElla GalilFounder/OwnerYE Israel

FRANCEJérôme GervaisManaging DirectorAdecco Foundation

FINLANDElmar PaananenCEOTroll Capital

ESTONIARein LoikCEOTallinn Airport

DENMARKJørgen Mads ClausenChairmanDanfoss A/S

BULGARIASasha BezuhanovaDirector “Public Sector for Emerging Markets”Hewlett-Packard

CZECH REPUBLICIrena A. BrichtaManaging Partner EMEABrichta & Partners s.r.o.

BELGIUM FRMichel De WolfProfessor and AuditorDGST

BELGIUM FLYves ServotteCEOBENEO-Group

AUSTRIAGerhard WildmoserAssociate. LawyerWildmoser/Koch& Partner Rechtsanwälte GmbH

ARMENIARay ReederBusiness Consultant-

ALBANIAIan SchneiderExecutive DirectorAADF

ICELANDPall JonssonCEOMila

HUNGARYPéter FáthGovernment Relations DirectorDunamenti Power Plant

GERMANYMichael HütherDirectorInstitut der deutschen Wirtschaft Köln

GREECEChris TsangosCEOCLOUDWISE

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Our Network

PORTUGALJunior Achievement PortugalErica Nascimento/ Marta Vieira de Sáwww.japortugal.org

ROMANIAJunior Achievement RomaniaStefania Eugenia Poppwww.jaromania.org

NETHERLANDSJong OndernemenArko Veefkindwww.jongondernemen.nl

NORWAYJA-YE NorwayAnna-Kathrine Slungaardwww.ue.no

POLANDJunior AchievementFoundation of PolandZbigniew Modrzewskiwww.junior.org.pl

MALTAJunior Achievement YoungEnterprise MaltaLorna Farrugiawww.youngenterprise.org.mt

MOLDOVAJunior Achievement MoldovaTatiana Ungureanujamoldova.org.md

LUXEMBOURGJA-YE LuxembourgSerge Lucaswww.jonk-entrepreneuren.lu

MACEDONIAJunior Achievement MacedoniaJasmina Maneva Galevskawww.jamacedonia.org.mk

LITHUANIAJunior Achievement LithuaniaEugenijus Saviciuswww.lja.lt

ITALYJunior Achievement ItalyMiriam Crestawww.jaitalia.org

LATVIAJunior Achievement - Young Enterprise LatviaJanis Krievanswww.jal.lv

GREECEJA Greece (SEN)Maria Lainawww.sen.org.gr

FRANCEEntreprendre pour ApprendreJulien Vasseurwww.entreprendre-pour-apprendre.fr

GERMANYJunior GermanyDr. Marion Hüchtermannwww.juniorprojekt.de

SPAINJunior Achievement SpainBlanca Narvaezwww.fundacionjaes.org

SWEDENJA SwedenAnna Skioldebrand Berg www.ungforetagsamhet.se

SLOVAKIAJunior Achievement SlovakiaMonika Korkošovawww.jasr.sk

RUSSIAJunior Achievement RussiaDr. Nina Kuznetsovawww.ja-russia.ru

SERBIAJunior Achievement SerbiaDarko Radicaninwww.ja-serbia.org

SWITZERLANDYoung Enterprise SwitzerlandNicole Meier www.young-enterprise.ch

TURKEYJA TurkeyKerim Caliskanwww.gencbasari.org

UNITED KINGDOMYoung Enterprise UKMichael Merciecawww.young-enterprise.org.uk

FINLANDJunior Achievement FinlandVirpi Utriainenwww.nuoriyrittajyys.fi

ESTONIAJunior Achievement EstoniaEpp Vodjawww.ja.ee

ISLE OF MANJunior Achievement Isle of ManSue Cookwww.jaiom.im

IRELANDJunior Achievement IrelandHelen Rafterywww.jai.ie

ISRAELYoung Entreprenuers IsraelUri Yalozwww.yazamim.org.il

ICELANDJA IcelandRosa Kristín Benediktsdóttirwww.ungirfrumkvodlar.is

HUNGARYJunior Achievement HungaryOrsolya Gergelywww.ejam.hu

DENMARKFoundation for Entrepreneurship - Young Enterprise DenmarkChristian Vintergaardwww.ffe-ye.dk

BULGARIAJunior Achievement BulgariaMilena Stoychevawww.jabulgaria.org

CZECH REPUBLICJunior AchievementCzech RepublicJosef Mullerwww.jacr.cz

BELGIUM FLVLAJOPeter Coenenwww.vlajo.org

BELGIUM FRLes Jeunes EntreprisesThierry Villerswww.lje.be

AUSTRIAJUNIOR Enterprise AustriaMichaela Tomekwww.junior.cc

ARMENIAJunior Achievementof ArmeniaArmine K. Hovannisianwww.jaarmenia.org

ALBANIAJunior Achievementof AlbaniaRezarta Godowww.junior-albania.org

Note: E-mail addresses can change during the year. For the most updated information please refer to our website http://www.ja-ye.org

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OurApproach

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 post-secondary 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. 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.

JA-YE Europe is the European Regional Operating Centre for JA Worldwide®.

500,553IN PRIMARY

631,301IN MIDDLE GRADES

1,917,424IN SECONDARY OR TERTIARY

3,049,278STUDENTS PARTICIPATING

134,327TEACHERS

STUDENT PARTICIPATION,BY YEAR:

129,996BUSINESS

VOLUNTEERS

20072,620,102

20082,894,947

20093,105,753

20103,117,936

20113,117,978

20123,049,278

20062,197,055

20051,736,655

2004967,681

2003894,608

2002889,703

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CHANGING LIVES

Re-booting Europe’sEntrepreneurial Potential

New companies create more than 4 million new jobs every year in Europe. Still, the share of people preferring entrepreneurship to being an employee has dropped in all EU from 45% to 37% in three years. Only 34% were employed in 2011 - the lowest figure ever recorded by Eurostat that cost European economies 153€ billion. Europe doesn’t produce enough innovative companies that have strong growth potential. All this indicates that from an economic crisis we are moving into a growth crisis. If Europe doesn’t act urgently, we risk losing an entire generation of entrepreneurs and further weakening our competitiveness.

Surveys suggest that between 15% and 20% of students who participate in entrepreneurship education schemes like mini-companies in

secondary school will start their own company within 5 years. In a generation, 40-50% of these students will choose to become entrepreneurs.

JA-YE’s strength is that it has had almost a century of experience in the field, working with entrepreneurship education all over the world. Its programs are tried and tested.

JA-YE has always engaged successfully with the business community bringing thousands of employees into the classroom as volunteers, coaches, mentors.

JA-YE offers young people the possibility to have at least one entrepreneurial experience before they finish school.

After having gone through the program It’s My Business we got inspired to become entrepreneurs...we are social entrepreneurs and we have started a company called PREPARED.

The idea behind PREPARED is to make the transition from primary school to secondary school easier for young people. Our idea is based on our own experiences and from the response we get we think we can reach our target.” Middle Grades Student from Norway

It’s My Business helps students aged 13 to 15 to learn about entrepreneurs and entrepreneurship while providing a strong focus on social studies, reading, and writing skills. Students are encouraged to use critical thinking to learn entrepreneurial skills that support positive attitudes as they explore and enhance their career aspirations. Through six interactive lessons and the completion of an enterprise project students underpinning the business concepts they learn with games and activities.

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iii. It’s My Business

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The Company Programme which has celebrated 50 years together with Young Enterprise in the UK this year, provides students aged between 15 and 21 with an in-depth entrepreneurship experience. At the end of the programme, students liquidate their company, prepare a profit and loss statement and balance sheet and report on their key lessons learned to a panel of their shareholders.

Company of the Year Competition

“Our motto is: Life has no limitation, except the ones you make! This was such a life changing experience for us! We’ve developed many new skills, such as: business skills, team work, presentation. We have experienced new countries, cultures and we madenew friends! It’s been amazing,” said Fiona Mangan from the winning team during the JA-YE Europe Company of the Year Competition 2012, hosted by JA-YE Romania in Bucharest, at the Palace of Parliament where the best companies from 31 nations competed for several different awards.“Sign4Life”, founded by four female secondary school students created a Sign Language App currently available on the Android Market designed to bridge the gap between the hearing and deaf communities. It uses video technology through the smartphone to teach users Irish Sign Language in everyday categories such as foods, numbers, sports, calendar, colours, family and animals.

AWARDS2012:

Winner

Sign4Life(Ireland)

Sign Language App

Mamabaker(Israel)

Stainless-steelhollow rolling pin

Aim(Slovakia)

Energy-boosting chocolates

SIGNATUREAWARDS2012:

The Municipality of Bucharest

Award

FedEx

Access Award

EnterpriseInvestors

(Romania)

Best Business Idea Award

Vitamin Boom(UK)

Super Froo-Tea tea bags and iced tea

ZappPharma (Denmark)

Non-prescription medicine vending machine

ePlugs(Belgium)

Earplugs increasing awareness on hearing

protection

1st runner up 2nd runner up

ONLINEAWARDS2012:

AccentureEnterprise

without Borders

High Potential Award

Sound of Media UB & Deers(Norway & Kenya)

Art & Media International(fair trade jewelry company)

Social Enterprise

Award

Nomeno(Norway)

Emergency bracelet with a built-in warning whistle

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CompanyProgramme

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“The Trade Fair was a once-in-a-lifetime experience for all the team. It has been fantastic to participate in the exhibition, to have our own corner and so many visitors also from the business world. I am now seriously thinking ofsetting up my own company,” said a student from Russia who participated in the Trade Fair in Zurich together with 450 secondary school students across Europe. The Zurich Central Station hosted this one of a kind display of student ingenuity, creativity, entrepreneurship and business skills.

Best Stand Award

MostInnovative

Product

One Body Ergonomics(Denmark)

A refined ergonomic office chair that prevents back, neck

shoulder or mouse-related injuries and pain

Sport and Health Innovation

(the Netherlands)

A table tennis ball dispenser that can be placed on the side

or end of the table and can store up to 40 balls

UBS

Responsible Business

Award

KPMG

Client Service Award

S.T.E.F.I JA(Italy)

Developed a prototype for regulating indoor temperature using electronic photovoltaic

controlled air solar panels

appletime(Switzerland)

Sells a range of apple jams using seasonal ingredients and

offering the option of client branded jars

AccentureEnterprise without

Borders

CollaborationAward

Expand-it(Portugal)

A portable dispenser that allows you to take your favourite toppings and

spreads with you

BestMarketingand Sales

Søvni(Norway)

Sheet and pillow case set inspired by the nature of

Norway

AWARDS 2012:

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Zurich Central Station Buzzing with Student Entrepreneurs

Trade Fair

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“We want to change the community’s attitude towards rape, through creating awareness about the extent and consequences of rape and violence! “Safe and Sound” is not only a product, but a movement againsthuman violence,” said team Nomeno. The winning enterprise Nomeno (“No means no”), coming from Norway, developed a product called “Safe and Sound”, a bracelet with a built-in warning whistle that helps you to summon help

in an emergency. The team already sold around 100 bracelets thanks to the media attention they received and they are donating all their profit to the to the Norwegian National Association for Victims of Violence.The Social Enterprise Programme, supported by Intel, FERD and ArcelorMittal, is aimed at encouraging students ages 15-18 to become young social entrepreneurs by providing an educational programme which brings the worlds of education, training, skills, work and community closer. Their challenge is to create products or services that solve society’s most pressing challenges.

“Creating and managing the international joint-venture “In Tour Europe” has been my most significant and memorable work, thanks to JA-YE Europe. Coping with every aspect in order to yield success, had a huge impact on me. I was really surprised I made friends through a virtual portal and during a three-day Trade Fair. After my participation in the Enterprise without Borders and the High Potential Award I took my final decision to continue my education in the sphere of International Relations and Management. I would like to contribute to a better future for the European youth,” said Kristin Shtereva, student from Bulgaria.

Enterprise without Borders (EwB) is designed to give students running mini-companies the opportunity to create cross-border international partnerships as part of their JA-YE experience. Through a website, teachers and schools can register for participation and students can upload their company profiles and enter an entrepreneurial ‘dating game’. EwB is about sharing good ideas; selling each other’s products in each other’s markets; reducing costs by getting certain services or product components from other countries; and visiting each other’s markets. It is a learning-by-doing programme targeted at secondary school students, age 15-18.

Enterprisewithout Borders®

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Young Social Entrepreneurs Make Everyday LifeSafer for Women

Social EnterpriseProgramme

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University of Warwick study findings:

• 80% of the student participants agree or strongly agree that they understand what social innovation is as a result of their participation in SIR

• 71% of the student participants agree or strongly agree that they are more aware that social and business objectives can be complementary as a result of participating in the SIR;

• 74% of the student participants agree or strongly agree that they have learnt how to work with others in new ways to address social needs

• 76% of the student participants agree or strongly agree that they have developed their ability for creative thinking following participation in the SIR;

• 72% of the student participants agree or strongly agree that they better understand the importance of ICT in pursuing social and business initiatives;

• The vast majority of the student participants reported improvements in their communication skills (87%), teamwork skills (74%), decision-making skills (72%) and problem-solving skills (67%).

• E-mentors improved the students considerations for social issues (80%); and provided examples and stories that were not to be found in books (75%).

• Two thirds of participating students agree that ICT has made participation in the SIR interesting and 70% agree that ICT has made their learning fast and easy.

“Winning the Social Innovation Relay means we’ve achieved our goals of helping our community, getting recognition for our school and improving our social awareness skills. Our HP mentor helped us think critically and broaden our perspectives, and we have developed our self-confidence and improved our presentation skills and our relations with our classmates. Over the course of this project, we’ve learned the importance of team work and that innovative thinking can bring positive change to the entire community. The whole experience has been a lot of fun, and we would like to thank HP and Junior Achievement for this opportunity,” said students from the Emulsified

Environmentalists company.

Emulsified Environmentalists, a team of students from South Africa, won the competition of the Social Innovation Relay with a concept for a solar-powered lamp from recycled materials that will bring light to disadvantaged communities, while also eliminating the environmental and health damage caused by traditional kerosene lamps. Responding to the demand for high levels of entrepreneurial and ICT skills from the next generation of employees, JA-YE Europe and HP created the Social Innovation Relay to build competencies and interest in entrepreneurship and social innovation while cultivating critical 21st century skills. To have greater reach and impact, technology was firmly integrated in the project design, a first for JA-YE. Now in its 3rd year, student teams from 19 countries worldwide are creating and developing new business concepts intended to address a social impact.

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Evaluation finds positive learning impacts in entrepreneurship education empowered by e-mentoring.

Social InnovationRelay

JA-YE Europe and HP created the Social Innovation Relay to build competencies and interest in entrepreneurship and social innovation while cultivating critical 21st century skills.

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The European Round Table of Industrialists, JA-YE Europe and European Schoolnet are partnering to promote greater understanding and awareness among young people about globalisation, entrepreneurship and the skills they need to succeed in the global economy.

“I participated in National Challenge of GEP in February in 2013 and it was awesome experience. On the beginning I was afraid because I didn´t know what to expect but when I came on the challenge and met the people I should work with everything was better. I was in team with amazing people with creative minds. I learnt how to work in team and even in rush create an idea that can help with global problems. I couldn´t believe when we won and we got opportunity to go to Torino. I am still so happy about it. This experience was incredible and I am thankful for it,”

said Martina Bariaková from Slovakia.

Global EnterpriseProject

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The JA-YE Start Up Programme has been an amazing experience and we can’t wait to see what the future holds. We truly believe in the future of our product, and we are excited to continue our journey,” said Faye Longridge, 19, managing director of Escalate.

100+ Universities get behind young Start-Ups

The Start Up Programme gives post-secondary students (aged 19 to 30) the opportunity to experience running their own company, giving them an insight into how their talents could be used to set up in business for themselves. The students gain real experience of the world of business: coming up with a concept for a business, creating and researching a business plan, taking responsibility and being accountable to their shareholders for the running of the company.

An ingenious golfing towel, the “Dry-ver” that repels water on one side and stays dry on the other powered a group of enterprising students to win the title of European Start-Up Company of the Year. Team ‘Escalate’ from Newcastle University, UK devised the double-sided cloth which allows golfers dry their hands - and keep their grip on the clubs - even if it is pouring.

AWARDS2012:

Winner 1st runner up 2nd runner up

Escalate(UK)

CarboFraîche (Belgium)

Product whicheliminates odours

Figuma(Norway)

Fish gutting machine

“Students trying to enter today’s highly competitive labor market need to improve their talent for innovation, as well as their entrepreneurial skills. Programs like the StartUp give young people a taste of their own potential and motivate them to pursue their ideas,” said the President of Republic of Macedonia Dr Gjorge Ivanov.

SIGNATUREAWARDS2012:

IntelInnovation

Award

Teaching Building(Spain)

Building system with prefabricated concrete pieces

N2FIX(Portugal)

Agriculture technology

Utilia SB(Norway)

Painting tool for reducing spillage and simplifying the painting process

TTK Responsible Leadership

Award

NCDIELBest

International Potential

Award

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Start Up Programme Enterprise Challenge

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“I started my project after having participated in a Junior Achievement Company Programme at my school in Kampala. I was inspired by the program and started thinking critically on how to make money while at school without relying on parents’ help. Using the knowledge and skills acquired from the Junior Achievement program I prepared a business plan and started my business on paper bags when the Ugandan government announced the ban on use, importation and manufacturing of plastic bags in the country to promote environmental conservation. I started by selling to retail shops and kiosks, restaurants and road side sellers, some on daily basis and others on weekly basis. When I employed my fellow students we could sell a ream in one week. I thought of the name Youth Entrepreneurial Link Investments (YELI) because it’s a project involving the youth and boosting their entrepreneurial potential,” said Andrew

Mupuya.

The winner for 2012 announced by FERD and Junior Achievement – Young Enterprise Europe, Andrew Mupuya from Uganda impressed the jury with his company which promotes paper recycling while offering job opportunities to people in need. Youth Entrepreneurial Link Investments (YELI) manufactures environmentally friendly paper bags and envelopes to replace use of polyethylene plastic bags that are non-biodegradable taking 15 to 1000 years to break down compared to paper bags that decompose.

FERD Award for SocialEntrepreneurship The entrepreneurial spirit thrived for the second

year of FERD Award for Social Entrepreneurship which is granted to former JA students who are entrepreneurs andare making a difference in their communities. In two years, we have identified more the 60 former JA students who are social entrepreneurs worldwide.

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FIGHTING SKILLSMISMATCHES

CHANGING LIVESIndustrialised economies are struggling to emerge from one of the deepest recessions in memory. Climate change. Urbanisation. Dwindling natural resources. Competition for human capital. While some look at these challenges with despair, many companies and governments are already thinking differently and redesigning the way they operate in order to actually address these global challenges. They are positioning themselves to be part of the solution and in the process benefiting from their innovations and investments.

These transformations are already creating jobs and the demand for highly skilled workers will continue to rise. The biggest demand is going to be in the STEM-field (Science, Technology, Engineering and Maths). Mathematics and science education are two areas that can make a significant contribution but they need to adapt to reflect labour market needs and the demand for particular skills.

For example, hundreds of local businesses have engaged the last 3 years in JA-YE Creativity and Innovation Challenges in order to bring entrepreneurial skills into vocational schools. 1000 business volunteers worked with 10000 students to generate more than 2200 solutions to a vast array of challenges related to their sectors/specializations.

Businesses like Hyundai, Intel, ExxonMobil, Blackberry, Aramco are all working intensively with young people to combine entrepreneurship with their strengths in science, technology, engineering and maths. Important entrepreneurial groups like the Entrepreneurs Round Table (ERT) are bringing their members for this course.

“Hyundai Motor Europe is committed to innovation – and at the heart of innovation are people. ‘Skills for the Future’ isn’t just about tackling youth unemployment – it’s also about nurturing a vibrant talent pool of people primed for the jobs ofthe future,” said Allan Rushforth, Senior Vice President and COO of Hyundai Motor Europe.

The three-year programme will give close to 10,000 young people in vocational schools in 15 European countries the opportunity to try their hand at enterprise, learn valuable STEM (science, technology, engineering and math) skills and apply their knowledge in new ways. With support from their teachers, they will be exposed to a variety of learning-by-doing approaches and work with over 400 Hyundai business volunteers from all over Europe.

Hyundai Motor Company and JA-YE Europe are partnering to launch a pan-European initiative, the «Skills for the Future» Programme, to promote greater understanding and awareness among young people about the skills required to succeed in the future.

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Skillsfor the Future

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“I see the crisis as an opportunity to reinvent ourselves in Europe particularly through the exciting minds and ideas of our young people who should be more and more encouraged to fulfill themselves via entrepreneurship. This competition is an exercise that opens the window for young people to realize their own potential as creators and entrepreneurs and that it should happen more oftenall across Europe,” said Joanna Drake, Director - SMEs and Entrepreneurship, European Commission, DG Enterprise and Industry.

These camps push students to come up with realistic product and service concepts against a tight deadline of 24 hours. They must work in an international team, communicate in different languages with other young people they have never met. The process promotes innovative thinking and the improvement of collaboration skills; students work closely with a wide range of business people as mentors to help shape their ideas. 10000 students participated in 115 camps across Europe under the European Creativity and Innovation Challenge Network funded by Leonardo da Vinci Networks Programme over the last 3 years. Every camp focused on a different challenge and this time students were asked to improve Europe’s competitiveness. This year’s final had 78 students from 14 European countries supported by 27 mentors from INTEL, GE and EUROCHAMBRES.

“I participated in the Sci-Tech Challenge in February 2012, and for me it has literally changed my life. Firstly, the challenge itself taught me how to be creative and mentally unlimited in a way that school has never been able to teach me, as the Sci-Tech Challenge focuses on “out-of-the-box” thinking. Secondly, my participation in the challenge gave way to two breath-taking opportunities: I represented Norway in the International Youth Leadership Summit for Climate Champions near Shanghai, China in August 2012, and I was a Sci-Tech Challenge Alumnus and an ILive2Lead Ambassador at the Women’s Forum for the Economy and Society in Deauville, France two months later. These opportunities made it possible for me to rendezvous with central contemporary leaders and teachers who taught me leadership skills and gave me confidence in a way I had never felt before. My JA-YE experience has in other words turned out to be the beginning of an incredible journey to the fulfillment of my dream about becoming the creative, inspiring leader I wish to be, which in turn will give me the opportunity to pay forward the inspiration the Sci-Tech Challenge, the Leadership Summit and the Women’s Forum once provided me with,” said

Vigdis Andersen, student from Norway.

Sci-TechChallenge

The Sci-Tech Challenge initiative was developed through a partnership between ExxonMobil and JA-YE Europe. The program has been running successfully in Europe for almost three years and is contributing to the development of a pool of potential future scientists and engineers.

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“Taking part in the STEM Innovation Camp in Spain gave me the opportunity to push the boundaries of my abilities and to work against the clock. As President of JA Alumni Spain, JA-YE has changed my life showing me the way to growing up professional and personally; and, the most valuable thing, making me part of the great European Family of JA-YE where I had the chance to meet so many different and incredible people,” said Francisco Ruiz.

STEMInnovation Camps

The Science, Technology, Engineering and Maths (STEM) Innovation Camp is an initiative developed by JA-YE Europe with (RIM) Blackberry. It is designed to raise awareness among secondary school students of STEM-related issues and the importance of 21st century skills.

ScienceEnterprise

“I am excited to start with the implementation of the Science Enterprise initiative. It’s a fantastic programme that allows students to learn basics about science in combination with running a company. I also find it important that through this initiative students will gain skills like presentation, negotiation and decision making that we lack in the teaching of the curriculum,” said a teacher

from Netherlands.

The Science Enterprise Initiative was developed by JA-YE Europe with the support of ARAMCO, aiming to motivate students (15-18 years old) to consider STEM (science, technology and maths) careers and develop entrepreneurship skills. Through this initiative students learn how to form their own enterprise in the field of maths, science and technology.

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“I was lucky enough to participate in the SCI-PRENEURSHIP: 24 Hour Student Contest in Barcelona Spain on the 22nd to the 23rd of October 2012. The event was a joint INTEL ISEF (International Science and Engineering Fair) and JA-YE Europe initiative. We had almost 40 students from 18 countries. I was the only one representing Finland. The event was really cool and felt a bit like a simulation of real business, science and

The Sci-preneurship 24 Hour Student Contest aims to put together ‘innovation and creativity’ with the specific focus on connecting STEM with entrepeneurship. The contest is organized through a partnership between Intel and Junior A-YE Europe.

Sci-Preneurship engineering collaboration that was super-condensed into 24 hours. The challenge, which was only announced after a few ice-breaking exercise, was to come up with a marketable product or service to make the cities we live in smarter. Our group of four students included specialities in biology, chemistry, business/psychology and environmental engineering. There was obviously a lot of pressure to do a good job but we decided to do something that was fun and simple. We won the 2nd place and were congratulated on our excellent team spirit; a judge said that every school should have our product - yay,” said Jason Selvarajan.

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FINANCIAL LITERACYAS A RESPONSE TO CRISIS

CHANGING LIVES

Education in financial literacy and capability is intrinsic to sustainable livelihoods and businesses. The current financial crisis has heightened awareness of this issue. Because of globalisation and the vast array of financial services available to individuals and entrepreneurs, financial education is becoming a critical point for policy-makers. JA-YE has always believed that business has a responsibility to contribute to educating our young people to make sound financial decisions.

Young people’s understanding of finance and personal economics needs to be addressed well before they have to apply for their first loan or credit card.

JA-YE Europe commissioned an independent survey which reached 2,943 secondary school students in 12 countries across Europe. The results

indicated that JA-YE programmes impact financial literacy because they help young people to:

•Becomemoreliterateinfinancialmatters:79%answered all the questions correctly.

• Understand the importance of managingmoney: With particular focus on specific financial concepts and skills, among JA-YE participants:

• 74.5% found it easy to comprehend basicmoney management (budgeting to save a certain amount of money).

•Studentswerealsowellaware(73.6%)ofwhatdrives prices in a competitive marketplace (supply and demand) and 58.3% understood that people’s purchasing power is most greatly affected by inflation.

6.i.

More than MoneyJA More than Money was

created and implemented with the support of HSBC to teach children about earning, spending, sharing and saving money.

“This year my daughter was involved in an amazing program. When I was a schoolgirl we, most unfortunately, were not stu dying such things, Each day when JA More than Money session was held, Eva came home and enthusiastically told me about things discussed and practiced in the classroom, and each time she brought a leaflet with brief information about what was learned in the classroom, and engaging tasks we could fulfill at home in a family circle. My friends are very interested in the program, and they, too, would like their children to acquire useful financial skills from childhood. I was pleased to read the letters addressed to parents - it’s such a good idea!” said Lena Sereda, Parent.

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Economics for Success

“This program was a very enriching and stimulating experience for all the students and teachers involved. The connection we established with the volunteer was fantastic and the complicity and sharing was very rewarding. Thank you for the excellent collaboration,” said a teacher who participated in the programme in Portugal.

Economics for Success is a programme that in a partnership with volunteers, has helped students between 13 and 15 to understand an learn by doing what are the benefits of staying in school, what is their role in the society, the economy as consumers, employees, taxpayers, investors and borrowers, and mostly what do they need to comprehend to make strong financial management decisions regardless of income.

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Virtual Business Challenge

I found this to be an excellent educational tool. Even more the competitions have been a great and fun way to motivate students. It has been rewarding seeing the students taking risks with their business plans and certainly they have understood much better what supply and demand is, the importance of quality and marketing,” said a teacher from Ažuolyno gymnasium, Klaipėda, Lithuania.

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

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Banks in Action Challenge

Banks in Action helps demystify finance and encourages 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. Students move into an international competition to test what they have learned.

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InsureYour Success

“Insure Your Success” is a financial risk education programme, developed and implemented with the support of AXA, targeting young people aged 12–18.

“The variety of resources for example the budgeting exercise was great. The students loved the challenge. The personality of the volunteer is essential to the experience. The Insure Your Success programme brings the often complex world of insurance, investment and risk assessment into the classroom environment, helping students to make informed choices about the consequences of their actions,” said Aisling Flood, Teacher, St. Joseph’s Secondary school, Drogheda, Co. Louth.

The Banks in Action Challenge moves students from the classroom activity into an international competition to test what they have learned.

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Changing LivesCampaign

“JA-YE Europe truly changed my life. Participating in the Company Programme allowed me the joy of creating a student company, and thereby showed me the value of creativity and determination - skills I needed in life, but that I had not been taught in school.

In this way JA-YE showed me a new path, and the people that motivated me to follow that path were the alumni I met when I joined the far-reaching

network. The alumni role models changed my life more than anything else, they showed me how to lead with integrity and communicate with enthusiasm. Even today after nine years in the alumni network – two years as the European President – I still think back on the JA experience as the most crucial of my life and on my fellow alumni as my source of inspiration and great friends,” says Louise Edwards, Alumni President 2011-2012.

The Changing Lives Campaign began in April 2012 and the goal is to reach 100,000 students in Europe within a little over a year. So far we have reached to 30,000 students with 17 participating countries from all over the world! The Campaign is supported by the Youth in the World programme of the European Commission.

In 2012 the European Alumni network continued its expansion and growth by reaching more than 4,000 registered members in 21 countries. The focus is on supporting new Alumni networks and fostering the entrepreneurial spirit of its members.

This year we’ll change yours.

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“We badly need European entrepreneurs, we badly need the energy, the dynamism and the belief that you can change the reality and you can create more opportunities foryourselves and for your society,” said Daniel Crespo, Director General, DG Enterprise,

European Commission.

Leaders-for-a-Day 40 JA-YE Alumni gathered in Brussels on 16th of October for Leaders-for-a-Day—the first ever pan-European job shadowing initiative run by JA-YE Europe. Leaders from the business and policy-making communities volunteer to share their day with a young person, helping them understand the skills and experiences that will benefit them down the road and providing them a hands-on, real-life experience to improve their social and entrepreneurial skills and business acumen.

Leaders-for-a-Day, an initiative supported by Microsoft, Accenture and the European Commission, is part of part of Changing Lives, a campaign launched by JA-YE Europe to mobilize stakeholders to help equip young people with the skills they need to start a business or get a job.

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At Our Best

MODEL ORGANISATIONS 2012

TJ BATAQUALITY AWARD2012

The Model Organisation Award aims to recognize 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.

The Thomas J Bata Quality Award recognises a JA-YE member organization for demonstrating the highest standard of excellence. The winner in 2012 was JA-YE Norway.

Belgium FL

Belgium FR

Bulgaria

Denmark

Isle of Man

Italy

Norway

Portugal

Russia

Slovakia

Spain

Sweden

Switzerland

TJ BATAQuality Award

JA-YE Norway

JA-YE EUROPELEADERSHIPAWARDLeadership 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.

In 2012 the award was received by Vibeke Hammer-Madsen, VIRKE, Chair, JA-YE Norway; Rodolfo Landini, Accenture, Board Member, JA Italy; Elmar Paananen, Troll Capital, Chair, JA-YE Finland; Sonia Wedrychowicz-Horbatowska, Citi Handlowy Bank, Chair, JA Poland.

JA-YE EUROPELeadership

Award

Vibeke Hammer-Madsen(Norway)

Rodolfo Landini(Italy)


Award

Elmar Paananen(Finland)


Award

Sonia Wedrychowicz-Horbatowska

(Poland)


Award

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FinancialStatement

CONSOLIDATEDFINANCIAL

STATEMENTS

2012 2011

Balance Sheet

Assets

Fixed Assets 25,374 27,955

I. Formation expenses

II. Intangible fixed assets 10,339 15,709

III. Tangible fixed assets 10,834 8,094

A. Land and buildings

B. Equipment

C. Material 3,868 4,180

D. Leased fixed assets

E/F. Other fixed assets 6,966 3,914

IV. Financial fixed assets 4,201 4,152

Current assets 2,364,059 1,106,995

V. Long term 358,000 -

A. Account receivables

B. Other 358,000 -

VI. Inventories

VII. Short term (Contribution Agreements, invoices, etc) 1,104,139 837,906

A. Account receivables 732,352 523,007

B. Other 371,787 314,899

VIII. Short term fi nancial investments 3,696 3,662

IX. Cash and Bank 800,767 255,980

X. Deferred charges and accrued income 97,457 9,447

Total Assets 2,389,433 1,134,950

2012 2011

Liabilities

Equity 40,482 38,376

I. Funds 100,689 100,689

A. Starting Capital (accumulated results previous years)

100,689 100,689

B. Permanent Means

III. Revaluation Surplus

IV. Restricted Funds 11,942 11,942

V. A. Accumulated results(positive) -72,149 -74,255

B. Accumulated results (negative)

VI. Investment grants

Provisions - -

Debts 2,348,951 1,096,574

VIII. Long term 39,400 -

A. Due to banks

B/C. Long term payables 39,400

IX. Short term 923,841 432,718

A. Current portion of long term debts

B. Due to banks - 8,651

C/D. Accounts payable 98,212 21,135

E. Wages, taxes and Social Security 105,843 84,872

F. Other 719,786 318,060

X. Accrued charges and deferred income 1,385,710 663,856

Total Liabilities 2,389,433 1,134,950

31 December 2012, in EUR

AUDITOR’SREPORT

2012 2011Income statementI. Operating income and charges

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

2,822,929 1,600,922

Services and other goods -2,026,781 -1,077,678A. Gross margin (positive) 796,148 523,244B. Gross margin (negative)C. Wages, Social Security, pensions -717,609 -526,071

D/E. Depreciation, short values -12,688 -11,889

F. Provisions for liabilities and charges (withdrawal)G. Other operating charges -45,670 -28,976

H. Operating charges caiptalised as reorganization costs

Operating results (positive) 20,181Operating results (negative) -43,692II. Financial proceeds 1,381 35,622

Financial charges -29,847 -24,110Current results (positive) -8,285 -32,180Current results (negative)III. Exceptional proceeds 10,391 15,176

Exceptional costsProfit for the year (positive) 2,106Loss for the year (negative) -17,004Solidarity Fund (withdrawal)Loss brought forward from preceding period -74,255 -57,251

Loss to be carried forward -72,149 -74,255

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 an the true and fair view of the financial statements as well as the required additional statements.

UNQUALIFIED AUDIT OPINION ON THE FINANCIAL STATEMENTS

We have audited the financial statements for the year ended December 31, 2012, prepared in accordance with the financial reporting framework applicable in Belgium, which show a balance sheet total of € 2,389,433, a net assets of the non-for-profit association are positive and amount to € 40,481 and a profit for the year of € 2,105.

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 account 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.

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 assessed the appropriateness of acco unting 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, 2012 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 WEBERRÉVISEUR D’ENTREPRISES1380 LASNE, FEBRUARY 26, 2013CHEMIN DU LANTERNIER, 17

STATUTORY AUDITOR’S REPORT TO THE GENERAL MEETING OF THE MEMBERS OF THE ASSOCIATION OF “JA-YE EUROPE” ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012

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Partners GOLD PARTNERS

(*) With the support from the European Community. The information contained in this publication does notnecessarily reflect the position or opinion of the European Commission

PARTNERS

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