- Issues related to development and management of social sector/services.
What to study?
For Prelims and mains : Youth Co: Lab- establishment, significance and potential.
Context: Atal Innovation Mission (AIM), NITI Aayog, UNDP India Jointly Launch Youth Co:Lab to accelerate youth-led social entrepreneurship and innovation in India.
How it works?
- Youth Co:Lab will convene social innovation challenges at the national and sub-national level, which will invite young people in the age group of 18-29 years and start-ups to showcase their proposed ideas and solutions to tackle some of the region’s biggest social challenges.
- Through Youth Co:Lab, young entrepreneurs and innovators will get a chance to connect with governments, mentors, incubators and investors, who will help equip them with entrepreneurial skills.
The first phase of Youth Co:Lab will focus on six SDGs:
- SDG 5 (Gender Equality).
- SDG 6 (Clean Water and Sanitation).
- SDG 7 (Affordable and Clean Energy).
- SDG 8 (Decent Work and Economic Growth).
- SDG 12 (Sustainable Consumption and Production).
- SDG 13 (Climate Action).
What is Youth Co: Lab initiative?
It is an innovative platform for young people to explore their ideas and potentials, and bring to scale viable solutions, to accelerate India’s progress on the SDGs.
Co-created in 2017 by UNDP and the Citi Foundation.
Operational in 25 countries across the Asia Pacific region.
Aims to create an enabling ecosystem to promote youth leadership, innovation, and social entrepreneurship.
Need for and significance of this initiative?
With the world’s largest youth population millions in the county are entering the workforce every year, it is critical for India to create a robust employment and entrepreneurship ecosystem.
Besides, 21st-century challenges can’t be solved with traditional approaches.
Therefore, It is essential to position young people front and centre, to solve the region’s most wicked development challenges. It is necessary to ensure that they are motivated and excited to learn future skills, particularly leadership, social innovation, entrepreneurship and communication.