The International Labour Organisation (ILO) estimates that 75 million young people between the ages of 15 and 24 are unemployed. On average, 72% of that population lives on less than $ 2 per day. Furthermore, 65% of global youth are low-wage earners in the agriculture sector. Given the increasing reliance on self-employment in developing countries, there is a considerable need for promotion of youth entrepreneurship as a means to improved living conditions economic independence. Today, youth unemployment is one of the most significant challenges these governments face.
The Global Youth Innovation Network was born from a partnership between the UN International Foundation for Agricultural Development (IFAD) and Phelps Stokes designed to create a youth-led network of young entrepreneurs from around the world. It aims to empower youth by encouraging them to be more involved in agribusiness as entrepreneurs developing innovative solutions to the myriad difficulties they encountered in the industry. GYIN is now led, organized and managed by youth participants who have established an interactive forum for sharing best-practices, collaborating on innovative projects, connecting resources and people from around the world. GYIN Ambassadors are young entrepreneurs with functioning businesses who undergo a rigorous evaluation process and, once selected, promote GYIN membership and participation as their country’s representative within the network and at international events.
The GYIN program holds an international conference every two years in order to strengthen personal and business relationships, learn from experts and successful entrepreneurs representing a variety of industries, and develop global mindsets and business management capacity of the next generation of global leaders. The GYIN Conferences also allows youth to gain a unique experience by participating in the coordination of the event and encourages them to undertake service initiatives in their own countries and communities upon returning home.
 de Wack, Joseph. “ILO Says Global Unemployment May Stay Elevated for Years.” Bloomberg News Online.