UN Highlights: How to Lead the Next Generation of Innovation

At the 57th Commission on Social Development at United Nations headquarters, the United States Department of Economic and Social Affairs (UNDESA) hosted a group of successful young entrepreneurs—including ChangeGen’s own creator, Kelly Lovell—for its panel, Addressing Inequalities through Youth Entrepreneurship. During the discussion, these young entrepreneurs shared their entrepreneurship story and advice to guide the next generation of innovators—like you.

Let your skills and interests guide you

“You don’t necessarily need to start a software company because you’re under 25 years old. You don’t need to create an app or build the next Facebook,” said Richard Lorenzen, founder and CEO of Fifth Avenue Brands. Lorenzen started his PR company at 15, which serves tech and finance firms.

“Look at where your skill set lies. Look at where your interests lie and look at where there is an opportunity in the market,” Lorenzen shared, who serves as a speaker and mentor assisting organizations in empowering more young entrepreneurs. “There are a lot of opportunities out there and it’s not so much choosing the right product or choosing the right trend to jump on as much as choosing something and sticking to it.”

The industry will show itself

Kelly Lovell, who also serves as CEO of Lovell Corporation and founder of MyEffect, expanded on the idea of choosing the right entrepreneurial venture. “If I just add one thing to that… I would actually challenge you not to look at an industry. Tech, blockchain, AI, these things that we’re talking about, that is not the solution, they are tools to innovation. I challenge you and encourage you to find a problem you’re passionate about solving. The industry will show itself based on the tools that you need to solve that problem.”

“I started off as a non-tech founder but I went into tech because I needed to build the tools using that,” Lovell added, whose latest venture MyEffect is launching a platform this spring to track and measure the social impact of young people, using disruptive technology like blockchain to make it all happen.

Continuously learn and adapt

For Pietro Fochi, youth delegate of Italy to the UN, youth entrepreneurship is “a learning experience itself for all those working in such an environment. Decision-making is experienced on legal, economic and strategic issues of any kind every day.”

Fochi founded EDUACTIVE, a social enterprise managed by youth that provides tailored learning experiences at different levels with youth, for youth to build a better and more sustainable future for all. “The effort in building a brand new working structure—usually with a very limited initial investment—requires high levels of self-consciousness, adaptability and risk-taking abilities.”

Original article on EDUACTIVE

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed