JA-YE Europe Annual Report

A n n u A l R e p o R tInspIrIng young mInds 2011

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tAble of ContentsfoRewoRd – AndRoullA VAssiliou – euRopeAn CommissioneR

YeAR in ReViewMessage from our Chairman and CEO

ouR leAdeRsHipJA-YE Europe Board of Directors - National Chairs

ouR netwoRK

ouR AppRoACH

ouR CoRe pRogRAmmesWe 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 educationOur 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 europeA network of young entrepreneurs building opportunities

At ouR bestHighlighting some of the many accomplishments throughout the JA-YE Europe network!

financial statements

partners

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 JA-

YE 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 forEducation, Culture, Multilingualism, Youth and Sport

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

2011 - Annual report 2011 - Annual report 2

forewordAndroulla Vassiliou, european Commissioner foreducation, Culture, multilingualism, Youth and sport

YeAR in ReViewmessage from our Chairman and Ceo

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Michael P. BrayCHAIRMANClifford Chance

Caroline JennerCEOJA-YE Europe

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.

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.

John GrumbarExecutive ChairmanEgon Zehnder International


JA-Ye europe board of directors

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Epp VodjaChair of the Board of ExecutivesCEO Junior Achievement Estonia

Lars-Petter ØrvingManaging Director EMEA North & EastManpower AS

Per MøllerCEOErnst & Young Denmark

Jan MuehlfeitChairmanMicrosoft Europe

Martin SpurlingChief Executive OfficerHSBC Turkey*Nominee for 2012

Mark Torfs Chief Operations OfficerDeloitte Belgium*Nominee for 2012

Christophe LeclercqPublisherEurActiv.com

Michael P. BrayCHAIRMANClifford Chance

Sonja BataHonorary Member of the BoardMember of the Board, Bata Shoe Organisation

Francesco Vanni d’ArchirafiChairmanCitibank Europe plc

Michel De WolfSECRETARY OF THE BOARDManaging PartnerDGST Auditors

Jean-Léopold SchuybroekVICE CHAIRMANExecutive Chairman Interel

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

Guenther JuengerDirector Corporate Affairs Group EMEAINTEL

Bengt GunnarssonSenior AdvisorBata Group

Jo DeblaereGlobal Chief Operating OfficerAccenture

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

Johan H. Andresen jr. President & CEOFERD

Jørgen ClausenFormer President & CEODanfoss A/S

Peter CheeseHuman Capital Consultant

Gabriele ZedlmayerHead of Global Citizenship Activities & VP GlobalSocial Innovation OfficeHewlett-Packard Company

Caroline JennerCEOJA-YE Europe* ex-officio

our leadership

Michael Bray, Chairman JA-YE Europe (middle)Ralph de la Vega, Chairman JA Worldwide (right)

nAtionAl CHAiRsour leadership

MACEDONIAVesna StojanovaVice-DeanFaculty for Business and Economy

MALTAJosef CamilleriHead Public Affairs and CSRHSBC Bank (Malta) plc

MOLDOVAGrigore BelostecinicRectorAcademy of Economic Studies

NETHERLANDSHan de RuiterMarketing DirectorAEGON

NORWAYVibeke Hammer MadsenCEOVIRKE – The Federation of Norwegian Commercial & Service Enterprises

POLANDSonia Wędrychowicz-HorbatowskaVice-President of the BoardCiti Handlowy Bank

PORTUGALJoão Pedro TavaresVice-PresidentAccenture Portugal

ROMANIAMihai TudorGeneral ManagerIBM South East Europe

RUSSIAAc. Evgeny P. VelikhovPresidentRNA “Kurchatovsky Institute”

SERBIASvetlana KisicSenior ExpertEconomic institute

SLOVAKIAMartin KubalaCEOHewlett-Packard Slovakia

SPAINIñigo Churruca BonillaManaging DirectorING Commercial Banking

SWEDENErik SkogPartnerSahlgren & Skog

SWITZERLANDRuedi NoserMember of the SwissNational ParliamentCEO Noser Management AG

TURKEYNevzat ÖztangutExecutive Board and the Board of DirectorsGaranti Securities

UNITED KINGDOMIan Smith PartnerAndersonBick Consultants LLP

ARMENIARay ReederBusiness Consultant

AUSTRIADr. Gerhard WildmoserAssociate, CEOWildmoser/Koch & Partner Rechtsanwälte GesmbH

BELGIUM (Flemish)Yves ServotteMember of the Executive Board BENEO-Group

BELGIUM (French)Michel De WolfManaging PartnerDGST Auditors

BULGARIASasha BezuhanovaHP CEEPublic Sector Director

CZECH REPUBLICIrena A. BrichtaManaging PartnerBrichta & Partners s.r.o.

DENMARKJørgen Mads ClausenFormer President and CEODanfoss A/S

ESTONIARein LoikCEOTallinn Airport

FINLANDElmar PaananenCEOTroll Capital ltd.

FRANCEJérôme GervaisCEOAdecco Foundation

GERMANYProf. Dr. Michael Hüther Institut der deutschen Wirtschaft Köln

GREECEChristos TsangosTechnology InvestorCloudwise S.A.

HUNGARYPéter FáthGovernment Relations DirectorDunamenti Power Plant

IRELANDBrendan DoyleDirector Corporate FinanceDeloitte

ISLE OF MANJim DaleExecutive ChairmanCPW Insurance Limited

ISRAELElla GalilChairperson

ITALYStefano ScabbioRegional Managing Director Italy and Iberia Manpower

LATVIAAigars RostovskisChairman of the Board University of Turiba

LITHUANIAŠarūnas SkyriusPartnerGILD Bankers

LUXEMBOURGYves ElsenManaging Partner & CEOHITEC Luxembourg S.A.

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ArmeniAJunior Achievement ArmeniaArmine Hovannisianwww.jaarmenia.com

GermAnyJunior Achievement GermanyMarion Hüchtermannwww.juniorprojekt.de

LuxembourGJA-YE LuxembourgSerge Lucaswww.jonk-entrepreneuren.lu

SerbiA Junior Achievement SerbiaDarko Radicaninwww.ja-serbia.org

AuStriAJunior Enterprise AustriaMichaela Tomekwww.junior.cc

GreeceJunior Achievement GreeceMaria Lainawww.sen.org.gr

mAcedoniAJunior Achievement MacedoniaJasmina Maneva-Galevskawww.jamacedonia.org.mk

SLovAkiAJunior Achievement SlovakiaMarcela Havrilova www.jasr.sk

beLGium (FLemiSh)Vlaamse Jonge OndernemingenPeter Coenenwww.vlajo.org

hunGAry Junior Achievement HungaryOrsolya Gergelywww.ejam.hu

mALtAYoung Enterprise MaltaLorna Farrugia www.youngenterprise.org.mt

SpAinJunior Achievement SpainLucia De Zavala www.fundacionjaes.org

beLGium (French)Les jeunes entreprisesThierry Villerswww.lesjeunesentreprises.be

iceLAndJunior Achievement IcelandGunnar Jonatanssonwww.ungirfrumkvodlar.is

moLdovAJunior Achievement MoldovaTatiana Ungureanuwww.jamoldova.org.md

SwedenUng FöretagsamhetYoung Enterprise SwedenMagnus Engelbäckwww.ungforetagsamhet.se

buLGAriAJunior Achievement BulgariaMilena Stoychevawww.jabulgaria.org

ireLAndJunior Achievement IrelandDella Clancywww.juniorachievement.ie

netherLAndSJong Ondernemen Arko Veefkindwww.jongondernemen.nl

SwitzerLAndYoung Enterprise SwitzerlandNicole Heimwww.y-e.ch

czech repubLicJunior Achievement Czech RepublicJosef Müllerwww.jacr.cz

iSLe oF mAnJunior Achievement Isle of ManSue Cookwww.jaiom.im

norwAyUngt Enterprenørskap -JA-YE NorwayAnne Kathrine Slungårdwww.ue.no

turkeyJunior Achievement TurkeyKerim Caliskanwww.gencbasari.org

denmArkYoung Enterprise DenmarkChristian Vintergaardwww.ye.dk

iSrAeLYoung Entrepreneurs IsraelUri Yalozwww.yazamim.org.il

poLAndJunior Achievement Foundation of PolandZbigniew Modrzewskiwww.junior.org.pl

united kinGdomYoung Enterprise United KingdomMichael Mercieca www.young-enterprise.org.uk

eStoniAJunior Achievement EstoniaEpp Vodjawww.ja.ee

itALyJunior Achievement ItalyMiriam Crestawww.junioritalia.org

portuGALJunior Achievement PortugalErica NascimentoMarta Viera de Sawww.japortugal.org

FinLAndYoung Enterprise FinlandVirpi Utriainenwww.nuoriyittajyys.fi

LAtviAJunior Achievement LatviaJanis Krievanswww.jal.lv

romAniAJunior Achievement RomaniaStefania Poppwww.jaromania.org

FrAnceEntreprendre pour ApprendreIsabelle Andrieuwww.entreprendre-pour-apprendre.fr

LithuAniAJunior Achievement LithuaniaEugenijus Saviciuswww.lja.lt

ruSSiAJunior Achievement RussiaNina Kuznetsovawww.ja-russia.ru

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

2011 - Annual report7 8

our network

2011 - Annual report

ouR AppRoACH

our reach


In partnership with the business and education communi-ties, 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®.

Business Volunteers: 137,220 Teac

hers

: 128

,417

Students: 3,117,978

478,0

95Pr

imar

y

633,5

82M

iddle

grades

2,006

,301

Seco

ndary &

Gra

duate

889 703

2002 2003 2004 2005 2006 2007 2008 2009 20112010

894 608 967 681

1 736 655

2 197 055 2 620 102

2 894 9473 105 753 3 117 936 3 117 978 num

ber os students

are 4-5 times more likely to start a business

launch startups withhigher survival rates

are more employable

earn higher salaries

our alumni

2011 - Annual report11 2011 - Annual report2011 - Annual report 12

“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

ouR CommunitY impACt

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euRope And me

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 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.

2011 - Annual report13 2011 - Annual report 14

primary schoolour core programmes

“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

5 european Countries 7,622 students

244 schools 108 business Volunteers

24 european Countries

107,854 students

2,833 schools

2,200 business Volunteers

middle school

it’s mY business eConomiCs foR suCCessPersonal 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.

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 raises students’ awareness about entrepreneurs and entrepreneurship. Students identify the characteristics of an entre-preneur and the types of activities they do.

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

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“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

“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

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2011 - Annual report


228,985 students

3,418 schools

1,789 Volunteers

2011 - Annual report15

11 european Countries 18,727 students

337 schools 294 business Volunteers

our core programmes

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secondary school

CompAnY pRogRAmmeThe 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.

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.

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

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.

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

• Trade Fairs• Company of the Year Competitions• Awards in specific categories

impACt37 european Countries

6,636 schools

223,576 students


personal skills business skillsWorking 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

our core programmes

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 Best Overall COmpany

Knetter (the Netherlands)A children’s soap with a nice crackling effect

Microsoft Most innovative ProductBackbord (Switzerland)

Collection of designed bags made from recycled sailing materials

BATA BesT sTAnd AwArdKnetter (the Netherlands)

SAP BeSt SAle AwArdBioBookCover (Austria)

Coloured bookcovers made of biologicallydegradable ingredients

HP ResPonsible business AwARd TouchCut (Denmark)Electronic touch screen solutions for physically or mentally challenged individuals

Accenture ewB collABorAtion AwArd Physticks (Austria)

Science software for secondary school students

impACtJA-Ye euRope tRAde fAiR

50 student companies

50 teachers


18 Judges from thebusiness Community

Awards 2011

secondary school

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

our core programmes

secondary school

CompAnY of tHe YeAR Competition

signAtuRe AwARds 2011

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.

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, objective-setting, 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”.


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

NorwegiaN Tax admiNisTraTioNaccouNTiNg award

Captura (Norway)Youth magazine working with

freelance journalists

company of the year Summit Enterprise (UK)

Nordea award for the BestBusiNess idea

Team NewQReation (Denmark)Innovative smartphone application

1st runner upNewQReation i/s (Denmark)Innovative smartphone application

Fedex Access AwArdBackbord (Switzerland)

Collection of designed bags madefrom recycled sailing materials

2nd runner upAce (Slovakia)A toothbrush and toothpaste in one

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Awards 2011

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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.

34 student companies

10 Judges from thebusiness Community


our core programmes

post secondary school

2011 - Annual report 162011 - Annual report 2011 - Annual report 24

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.

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Awards 2011

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

signAtuRe AwARds 2011

Citi SuStainability awardAtech SB (Norway)

Bilge-water filtration system that eliminatespollution of the ocean

winnerstartup of the yearFlicks (Portugal)

MasterCard Best InternatIonal PotentIal award

Up The Shop (Finland)Art and design concepts

for pop-up shop2nd runner upEventriffic (Romania)Online media monitoring servicefor event organisers

Intel InnovatIon awardFlicks (Portugal)

Cutting –edge solutions for fire detection1st runner upBemee (Spain)A wireless technology that enhances the interaction between a person and its surroundings

PwC ResPonsible leadeRshiP awaRdBeMee (Spain)

A wireless technology that enhances the

interaction between a person and its surroundings

“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.

The Community of Madrid supports all pro-grammes, from kindergarten to university. This is a key action to make Spain a prosperous and prestigious country.Letizia ortiz rocasolano,hrh princess of Asturias

12,454 students

16 european countries

289 schools


our core programmes

• 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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Closing tHe gAp between business And eduCAtion

2011 - Annual report2011 - Annual report25

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.

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

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?


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.

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

the ActivitieS to be incLuded in the proGrAmme Are:

• 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

9,218 students

479 schools

32 countries

438 business Volunteers

SkillS for the 21St Century globAlisAtion

impACt

AwARds 2011ewb 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 awardMr. Stig Hulten (Denmark)

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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.

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

2,000 students


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 2011foRtunA RussiA

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.

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

In the first year, ten countries in Europe are participating in the programme. SEP is not only addressing the im-portant 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.

goal10 European Countries

impact

127 Hp e-mentors

6 Continents

11 Countries worldwide

SkillS for the 21St Century soCiAl enteRpRise

250 Social Enterprises

250 business volunteers

9,581 student companies


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.

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.

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

Sci-Preneurship 24 hour student contest is an educational initiative that brings together post-secondary students coming from strong STEM backgrounds (Science, Techno-logy, Engineering and Maths) and others who have busi-ness 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.

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

9 European Countries 5,413 Students

40 Alumni

10 Business Concepts

138 Teachers 163 business Volunteers

10 Business Volunteers

impact

impact

2011 - Annual report 32

mAtH, sCienCe And teCHnologYSkillS for the 21St Century

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.

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.



51,050 Students

E-learning

impACt

bAnKs in ACtion

ViRtuAl business CHAllenge

finAnCiAl CApAbilitYSkillS for the 21St Century

37,502 Students


E-learning

impACt

innoVAtion

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.

euRopeAn soCiAl innoVAtion CAmp


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.

impACt13 Countries

48 innovation camps

3,828 students

302 schools

374 Business Volunteers

SkillS for the 21St Century

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

“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

• 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.

tHis YeAR’s HigHligHts


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.

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. “

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

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.

impACt20 countries with activealumni networks

3,000 registered alumni


model nations 2011The 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

• belgium fR

• bulgaria

• denmark

• norway

• portugal

• Romania


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 educa-tional programmes for young people, in partnership with the Romanian Ministry of Education, Research and Inno-vation.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.

JA-Ye europe outstanding leadership Awardfrancesco Vanni d’Archirafi

tJ bata Quality Award 2011

At ouR best

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.

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.

• Russia

• serbia

• slovakia

• spain

• sweden

• united Kingdom


finAnCiAl stAtement

ConsolidatedFinanCial statements

Income Statement 2011 2010

I. Operating income and charges

I. Operating income and charges

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

1,600,922 1,374,065

Services and other goods -1,077,678 -942,302

A. Gross margin (positive) 523,244 431,763

B. Gross margin (negative)

C. Wages, Social Security, pensions -526,071 -427,795

D/E. Depreciation, short values -11,889 -13,629

F. Provisions for liabilities and charges (withdrawal)

-

G. Other operating charges -28,976 -45,072

H. Operating charges caiptalised as reorganization costs

Operating results (positive)

Operating results (negative) -43,692 -54,733

II. Financial proceeds 35,622 50,074

Financial charges -24,110 -4,918

Current results (positive) -32,180 -9,577

Current results (negative)

III. Exceptional proceeds 15,176 885

Exceptional costs

Profit for the year (positive)

Loss for the year (negative) -17,004 -8,692

Solidarity Fund (withdrawal)

Loss brought forward from preceding period -57,251 -48,559

Loss to be carried forward -74,255 -57,251

Balance Sheet 2011 2010

Assets

Fixed Assets 27,955 39,018

I. Formation expenses

II. Intangible fixed assets 15,709 22,717

III. Tangible fixed assets 8,094 12,225

A. Land and buildings

B. Equipment

C. Material 4,180 7,761

D. Leased fixed assets

E/F. Other fixed assets 3,914 4,464

IV. Financial fixed assets 4,152 4,076

Current assets 1,106,995 1,130,590

V. Long term - 114,503

A. Account receivables

B. Other - 114,503

VI. Inventories

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

837,906 694,688

A. Account receivables 523,007 336,803

B. Other 314,899 357,885

VIII. Short term financial investments 3,662 3,628

IX. Cash and Bank 255,980 312,034

X. Deferred charges and accrued income 9,447 5,737

Total Assets 1,134,950 1,169,608

2011 2010

Liabilities

Equity 38,376 57,027

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 13,589

V. A. Accumulated results (positive) -74,255 -57,251

B. Accumulated results (negative)

VI. Investment grants

Provisions - -

Debts 1,096,574 1,112,581

VIII. Long term -

A. Due to banks

B/C. Long term payables

IX. Short term 432,718 372,958

A. Current portion of long term debts

B. Due to banks 8,651

C/D. Accounts payable 21,135 34,148

E. Wages, taxes and Social Security 84,872 72,933

F. Other 318,060 265,877

X. Accrued charges and deferred income 663,856 739,623

Total Liabilities 1,134,950 1,169,608

31 December 2011, in EUR

UNQUALIFIED AUDIT OPINION ON THE FINANCIAL STATEMENTS

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.

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.

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 WEBERRÉVISEUR D’ENTREPRISES1380 LASNE, FEBRUARY 21, 2012CHEMIN DU LANTERNIER, 17

AuditoR’s RepoRtfoR tHe YeAR endedSTATUTORY 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.


Gold partners Partners

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

Contributors AION

Hellenic Bank

JA Worldwide®

Qual Media Group

Christophe Leclercq

Michel De Wolf


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JA-YE Europe Annual Report

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