Power of Youth, based in Edinburgh, Scotland, will host its third global summit in New Delhi from October 22-27, which will be attended by around 30 award-winning, phenomenal entrepreneurs under 35 years of age with average turnovers of 2.7 million USD from across the world.
External Affairs Minister of Scotland, Humza Yousaf, today met with some of the young entrepreneurs who will be involved in the event and announced 5,500 pounds funding towards the summit.
The event, Yousaf said, will provide a platform for emerging Scottish entrepreneurs to showcase their businesses and test and push their commercial thinking among a global network of peers.
"Across the globe Scotland is recognised as a pioneering nation, one that pushes boundaries, and as a great place to do and grow business. We only have to look at some of the innovation and inventions that were born in Scotland from the television and the telephone to the pneumatic tyre and animal cloning," he said, adding he was excited to see what comes from next week's summit.
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The minister added that Scotland, being a good global citizen, is determined to play its part in addressing the challenges facing the world and helping some of its poorest people.
"We have demonstrated our commitment to doing that by increasing our international development budget to nine million pounds - a small proportion of which has supported Arif and Humeera to get their own small business ideas off the ground and contribute towards sustainable economic development within their community," the minister added.
Prior to this, Global Summit took place in China and South Africa.
He said their aim was to identify authentic entrepreneurial role models that the next generation can relate to.