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EVENT REPORT

“Youth Enterprise: Profit with Purpose”

1www.caaye.com

Bangladesh Youth Leadership CenterBangladesh

BruneiDarussalam

India

Malaysia

Maldives

Pakistan

Singapore

Sri Lanka

The Young Entrepreneur Association of Brunei

Confederation of Indian Industry's Young Indians

Junior Chamber International Petaling Jaya

Junior Chamber International- Maldives

Persatuan Usachawan Graduan Malaysia(Malaysia Graduate Entrepreneur Association)

Young Entrepreneurs Forum,

Singapore Indian Chamber of Commerce & IndustryYoung Entrepreneurs Network

Federation of Chambers of Commerce &

Nepal (Invitee member)

Islamabad Chamber of Commerce

Nepalese Young Entrepreneurs Forum

Industry of Sri Lanka

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List of Delegation Leaders

Malaysia

MalaysiaMaldives

Pakistan

Brunei

Singapore

CAAYE

Rahul MirchandaniFounder President CAAYE

Aminath ShifazaCAAYE Country RepresentativeMaldives

Shaban KhalidChairmanYoung Entrepreneur Forum

Sri Lanka

K.VinopavanCAAYE Country RepresentativeSri Lanka

K. NagarajCAAYE Country RepresentativeIndia

Aminul Islam KhanRegional DirectorCYP Asia Centre

Navita MahajanModerator

CAAYE Leadership Assembly

Katherine EllisDirector

Commonwealth Secretariat

Bangaladesh

Ejaj AhmadFounder PresidentBangladesh Youth Leadership Centre (BYLC)

CAAYE Country Representative

Nurul Huda-AfandiCAAYE Country RepresentativePetaling Jaya, Malaysia

Muzamir Mustafa

PUGM Holdings - Malaysia

Devaki RamachandranCAAYE Country RepresentativeSingapore

India

Brunei

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Seeing Entrepreneurship Excellence in Action in Sri Lanka - 9th Nov 2013

The Commonwealth Asia Alliance of Young Entrepreneurs’ flagship Summit for 2013 was hosted by The Federation of Chamber of Commerce and Industry of Sri Lanka (FCCISL), proudly supported by the Commonwealth Secretariat, London and the Commonwealth Asia Regional Centre. The Summit was held from November 9 – 11, 2013 in Colombo, Sri Lanka.

150 young entrepreneurs and 35 speakers from the 8 CAAYE member nations (Bangladesh, Brunei, India, Pakistan, Malaysia, Maldives, Sri Lanka and Singapore) and from Nepal, Barbados, Australia and UK, gathered in Colombo with an intent to recognize and support youth entrepreneurship development while ensuring that the ventures are socially responsible while also being financially sustainable. The Summit theme was “Youth Enterprise: Profit with Purpose. “Eight nations working together on creating the socially responsible businesses” was the slogan of the summit.

Field visits were an integral part of the CAAYE Summit and were organized to view entrepreneurship and innovation in action. The visits were an opportunity for the delegates and the speakers to interact with Sri Lankan entrepreneurs who have created successful enterprises and excelled in their entrepreneurship journey. Delegates visited large businesses in diverse sectors including Ceramics, ICT, tea and the financial services and micro enterprises in the sectors of traditional weaving, wooden handicraft, clay and mask making within the Colombo district limits. Comments by the delegates on the field visits were very positive.

Royal Ceramic Lanka PLC (Ceramics Sector)9th Nov 2013, Group-01

Royal Ceramic Lanka PLC is a state of art innovative venture in the business of enhancing the quality of life by adding color, fashion, style, and elegance to Ceramic ware and was acknowledged by Forbes worldwide rankings: ‘best under a billion list’ and ‘best return on investment (short term)’in 2010. A group of CAAYE Young entrepreneurs were given an opportunity to visit the RCL tile factory complex located at Horana with the production capacity 11000 m2 per day and see the product range of Glazed Ceramic Tiles and Vitrified Glazed tiles. The delegates visited the factory floor and interacted with the senior officers to understand the innovative practices adopted by Sri Lanka’s leading tile suppliers to the world market. Mr.Dammika Ranaweera, Factory Manager, RCL complex explained about the innovative processes and their journey of success after taking over in short span of time with the eminent leadership of Mr.Nimal Perera, Managing Director of Royal Ceramic Lanka PLC.

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Sanasa Group (Financial and Social movement)9th Nov 2013, Group-03

The Federation of Thrift and Credit Co-operative Societies of Sri Lanka is the meaning of the Sinhalese Acronym of “Sanasa”. The Sanasa Social Movement is holding the ownership of the Sanasa Development Bank under the Sanasa Group is a unique bank committed to uplifting the standards of living for low income Sri Lankan families with its range of micro finance activities.The movement was founded by Dr.Kiriwandeniya and now it’s well established group and Sanasa Development Bank, Sanasa Insurance Co Ltd are some of their subsidiaries of Sanasa Group. The clientele of the bank, among others, consists of farmers, fisherman, vendors and laborers and small business owners, making us truly a people’s development bank. Our group of delegates got an opportunity to visit one of the Athurugiriya Sanasa Society and interact with the founder of the movement Mr.Kiriwandeniya along with his senior officials and the society members. Mr. Kiriwandeniya explained their journey and the milestones achieved.

Epic Lanka Group (ICT Sector)9th Nov 2013, Group-02

Epic Lanka Group Battaramulla, is renowned in Sri Lanka for innovative and time tested IT solutions for leading corporate organizations. Core areas of expertise include Secure Electronic Payments, Information Systems Security, Mobile Enterprise Automation, and Secure Document Personalization. Founder and Managing Director, M. Nayana Dehigama was the Sri Lankan Entrepreneur of the Year 2012 platinum award winner and the first ever Gold Award in the history of local ICT industry at the Asia Pacific ICT Awards 2008. A group of Young had an opportunity to hear the success story of Epic Lanka group by interacting with Mr.Nayana Dehigama, the founder of the Epic Lanka group. Interactions continued over lunch with Mr.Nayana Dehigama to discuss further on his innovative practices and the critical success factors of his organization.

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Athukorala Tea Factory (Tea Sector)9th Nov 2013, Group-04

One of the Sri Lanka’s premier exporting income earning sector which well known as “Ceylon Tea” worldwide. Authukorala Tea Factory is one of a major contributor to the Sri Lankan tea sector and an award winning company having won award in Sri Lankan Entrepreneur of the Year 2012 and the National Plantation Award 2012. The company operates in Pitigala, 100 kilometers away from Capital of Sri Lanka. Mr.D.W Athukorala, Chairman Athukorala Group Pvt Ltd owns the Athukorala Tea Factory having the manufacturing facilities for low, mid and high grown tea.. Mr. Donald, Factory Manager met the delegates and explained the manufacturing and quality control processes that maintain the consistency of the products. Innovative approach and management practices implemented by Mr.Athukorala were shared with the delegates and they were given the opportunity sample the different tea varieties during a tea tasting session.

Visit to Sri Lankan micro entrepreneurs in the suburbs of Colombo9th Nov 2013

Same group of delegates have visited for following micro enterprises to experience the innovation and the entrepreneurship in the micro level.

•CraftLankawoodenaccessoriesandHandicraftinMoratumulla •TraditionalWeavingindustryinKottawa •MaskVillageatBatuwita,Horana •ClayandPotteryoperationsatRannala

All delegates were delighted with the knowledge they gained on prospering, micro scale Lankan business entities. It was also a unique opportunity to visit different parts of Colombo the capital city of Sri Lanka. The Student Volunteers from Sri Lanka and India accompanied the delegates and also gained immensely from these visits.

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9th Nov 2013

CAAYE delegates and Volunteers met for the Beach food festival at Mount Lavinia - Beach Arena. An array of food with delicacies from all eight member countries was the key highlight of the Beach Food Festival. Delegates had a chance to unwind with a party on the sands and fireworks and foot tapping music. Rainy weather added to the fun element of the evening and kept the party alive. All delegates were given a CAAYE t-shirt, a symbol that bound all into one CAAYE family during the event. Delegates and volunteers had a great time dancing on the beach despite the pouring rain. In fact the downpour added to the evening of fun bonding.

Beach Food Festival at Mount Lavinia Beach, Colombo

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10th November 2013

Sector-wise business to business (B2B) meetings were held as an ideal, open networking platform at the Orion City, Dematagoda, which is the Sri Lanka’s first and only IT-Park, which currently serve global giants like Virtusa and Sabre. The objective was to help build and expand CAAYE business linkages and support the creation of business opportunities for Young Entrepreneurs of the CAAYE community. Sectors were, Agri-business food, Auto sector, Financial services, Consultancy services, Trading companies, Engineering & mechanical, Education, Information Technology, Telcom services, Hospitality & Tourism, Healthcare & Pharma, Energy & Power, Retail & FMCG, Diversified Business and Other sectors.

Sector-wise Business to Business Meetings

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The Summit began with the lighting of a human oil Lamp in a way that Children of “ Sankassa Ranga Ayathaya” dressed in traditional dancing costumes holding clay lamps on their hands which were lit by the Chief Guest, guest of honour, leaders of each country delegation ,the CAAYE leadership assembly members and Mr. Kumar Mallimaratchi, President FCCISL and Mr. Nalin Attygalle CEO/Secretary General of FCCISL.

Commonwealth Asia Alliance of Young Entrepreneurs Summit 2013“Youth Enterprise: Profit with Purpose”

10 November 2013, Colombo

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The President of FCCISL Mr. Kumar Mallimaratchi welcomed the guests and said that FCCISL is proud to host CAAYE Summit as a Founding Member of CAAYE. He went on to present FCCISL’s stellar credentials, including being the annual hosts of the Sri Lankan Entrepreneur of the Year Awards. He said that FCCISL strongly believes that the Entrepreneurs and their perseverance and passion are what drives the Nation’s economic progress.

Dr. Rahul Mirchandani, Founder President of CAAYE, when addressing the gathering, stressed that Asia is fast changing with the region contributing 60 percent to world GDP. However trading within the member courtiers is very low. He believed that CAAYE will be an alliance that actively works to bridge this gap and have young entrepreneurs as the drivers of change to build business linkages in Asia and promote socially responsible businesses, which earn ‘profit with a purpose’.

Mr. Aminul Islam Khan, Regional Director, Commonwealth Asia Regional Centre, during his special address, stated that “Commonwealth regional centre and CAAYE are working hand in hand in youth entrepreneurship development via the Commonwealth Youth Programme (CYP). He said CYP will continue to support the initiatives by CAAYE to ensure that the CAAYE member countries are benefited. CAAYE’s model is being replicated in the other regions of the Commonwealth to support the youth entrepreneurship

Mr. Ajith Nivad Cabral stated that “youth entrepreneurship is an important aspect in today’s context and that entrepreneurship development in the country from young age onwards will ensure wealth and job creation. The younger generation can make significant contributions to support the economic growth of the country using entrepreneurship as a means to create jobs. He said that Sri Lanka has come long way after 3 decades of active terrorism and after eradicating the same within 4 years, peace had allowed the country had achieved many milestones. Our economy during the conflict period was also managed better than many peer economies. Presently also Sri Lanka is one of the best performing economies in the region. As a country, we have improved the investment climate as reflected in ‘Doing business index’ which is compiled by the World Bank. He believed that

the CAAYE alliance will play a major role in developing youth entrepreneurship throughout their member countries including Sri Lanka”

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Mr.Thirukumar Nadarasa, CEO, Hutchison Telecommunications Lanka (Private) Limited stated in his speech that ‘‘our purpose in life is to develop products and services that address the real needs of consumers. Unfortunately in the recent past, there have been too many global news stories of people making inflated profits without any purpose whatsoever or addressing any clear need.’’ He therefore believed that the timing of the CAAYE Summit aligned on the theme ‘Profit with Purpose’ was very timely as it would inspire youth entrepreneurship to look at creating responsible businesses in Asia.

Mr. Nalin Attygalle, Secretary General, FCCISL, in his closing remarks, stated ‘‘Our partnership with CAAYE has been more engaging than ever with the flagship summit being hosted in Sri Lanka. He said that the Summit’s sessions and speakers were addressing a universal concern and sharing knowledge that with purpose comes profit. He thanked all the delegates, sponsors and partners for supporting the event and making the Summit a reality’’

CAAYE Annual report for 2013 was official released by Governor of the Central bank. CAAYE Annual report includes all the CAAYE achievements in 2013 via involvements and activities globally as well as in the member nations.

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The Inaugural session concluded with a lavish Sri Lankan dinner and cocktails at the CBS, Central Bank of Sri Lanka.

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11th November 2013, Colombo

Plenary Session: Youth Enterprise: Profit with Purpose11th Nov 2013

The plenary session was centered on the theme of ‘Youth Enterprise: Profit with Purpose”. Ms. Nurul Huda Afandi – President of JCI petaling jaya, Malaysia and Dr. Navita Mahajan - Modarator CAAYE Leadership Assembly introduced the speakers of the plenary session

The finale of the CAAYE Summit 2013 was hosted at STEIN Studio Colombo. 30 speakers and 150 delegates from 11 countries were present.

Commonwealth Asia Alliance of Young Entrepreneurs Summit 2013“Youth Enterprise: Profit with Purpose”

Mr. Jeremy Liddle - Australian President for G20 Young Entrepreneurs Alliance spoke on Entrepreneurial Thinking can change the world; He said that business should be inclusive and provide positive outcomes for the society, the planet/environment and ensure profit & financial stability for the entrepreneur. He said that any young entrepreneur who would want to start a business must be “passionate, inspired, energetic, empowered and confident to take opportunity of ownership, be a leader and fast decision maker apart from being hardworkingand making every step count”

Mr. Jonathan Jhonson - Group Director -Programme Quality, World Vision International -Sri Lanka elaborated on NGO’s role on building entrepreneurship and bringing change to world by way of finding solutions to problems. He said that we are convinced that entrepreneurship can find business solutions to the pressing social issues by way of innovative solutions, creating sustainable models and identifying social impacts on their achievements. Simultaneously NGO’s such as World Vision have access to community and measure social impact. Thus small entrepreneurs linking with such

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Dr Shiraz Gidwani - The Chief Executive of Iktara World gave a motivational speech sharing personal stories about his entrepreneurship journey and how he took over a business that was shut down and engaged the founder in recreating and reviving the venture.

Mr. Ahmad Alhendawi - UN Secretary General’s Envoy on Youth addressed the audience via a video address. He has pointed out that the UN has empowered youth and placed great importance on education and entrepreneurship development.

networks can discover the opportunity for business with purpose specifically in industries linked to access to clean water, food and environment. In short ‘’don’t produce for export, innovate to produce”.

Mr. Matthieu Congac - Youth employment Specialist ILO Regional Office-Asia and the Pacific in Bangkok, said managing entrepreneurship is not a choice because lack of planning, organizing, and analysis in this area would lead to economic loss, social exclusion, crime, violence and unrest, psychological issues, mental health issues and even drug taking. He pointed out that 73.4 million are globally unemployed, and there will be 600 million jobseekers for next ten years. Add to this the 200 million currently unemployed and 40 million new comers to labor market every year, the need to create more jobs is most crucial. The Role of Government is to make entrepreneurship an attractive & more viable career option and help facilitate more a enabling environment for startups especially as not everyone will have enough jobs to fill in the government, private enterprises and in the large companies.

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Panel Discussion 01 - Focus on Next Practices of Commonwealth Asia

The second session was centered on the theme of “Next Practices” focused on innovative practices in five core areas: access to finance , entrepreneurship culture, mentorship & incubation, education and training, regulation and taxation, innovation & infrastructure enable to set up of businesses that ‘profit with purpose” Mr.Shaban Kalid - Country Representative CAAYE for Pakistan and Ms. Namrata Samra, Country Representative of CAAYE in India. ‘The Session was moderated by Mr. Alex Mitchell - Co- Founder of Young Brits, UK.

The CAAYE Challenge which was launched in July 2013 with the theme of “Youth Enterprise - Profit with Purpose”. The target group was defined as businesses which contributed to the millennium development goals. The winner Mr. Marwan Ma’som - Founder of Thinking Green Sdn Bhd –Malaysia was presented with an award and mentorship in various aspects to support the business development. Mr. Ma’som presented his business plan followed by the award ceremony. An audience interaction with Marwan was moderated by Ms. Fatin Arfin – Country Representative of CAAYE for Brunei who led the organization of the CAAYE Challenge.

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Mr. Adnan Lee - Chairman of MBG Fruit Stalls Malaysia spoke on Organizational Management skills and how to practice the vision and mission of a company in alignment with realistic goals. He also shared his thoughts on how cooperation should prevail within the top management and the employees on decision making, practicing work ethics and setting organizational goals.

Mr. Hiro Tien - Founder & CEO of Social Buzz Advertising shared his own experience on how the strong mentorship support & Incubation helped his entrepreneurship journey in Brunei . His business expansion has delivered more than 200 million dollars to SMEs in only two years.

Mr. Saurabh Jyoti - Chairman Syakar Trading CO.Pvt.Ltd in Nepal spoke on entrepreneurship culture in his country that must enable 7 ½ million women entrepreneurs in Nepal since they were economically inactive. He suggested that bank loans should reserve more funds for project based loans rather for collateral security based loans . He also pointed out that there was a vast opportunity in tourism industry in Nepal but inadequate establishment of

Mr. Ravi Theja Muthu - Chief Executive Hellios Eco Vidyut Pvt. Ltd stated that social issues revolve around the future of youth and innovative mechanisms are needed to find solutions to youth problems. Innovation is required in areas such as waste management, recycling, renewable energy, and the green economy. He stressed that the green economy is the only way to ensure sustainable development of nations which is also economically viable, environmentally sustainable and socially equitable. He added that in education and training, skills based education and incubation centers run by experienced entrepreneurs and learning from entrepreneurial failures will help create youth startups.

Mr. Ejaj Ahamad - Founder President of Bangladesh youth Leadership Center (BYLC) shared his organization’s perspectives and activities in training young leaders in Bangladesh by engaging them in service – oriented projects in local communities and building leadership skills. BYLC has shown how leadership education creates a huge impact on the society and how important it is. Ejaj also mention that he is working with the vision of creating quality leaders who are well educated to lead Bangladesh.

infrastructure is a hindrance to this specific business sector. He also felt that entrepreneurs must focus on Corporate Social Responsibility and transform their businesses as Corporate Social Investments else it was unlikely that their business will have sustainable growth in the long run.

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Panel Discussion 02 - Women entrepreneurs presenting the opportunities in Commonwealth Asia

The third panel was centered on the theme of “Women Entrepreneurs presenting the opportunities in commonwealth Asia”. Ms. Devaki Ramachandran – Country Representative of CAAYE – Singapore and Ms. Shifaze Aminath – Country Representative of CAAYE – Maldives introduced the panelist of the session. The session was moderated by Ms. Shazia Bakshi, Member of the National Governing Council and Founding Chair of CII’s Young Indians Srinagar Chapter.

A Panel discussion on Women Entrepreneurship in Asia had women speakers who had each moved a step forward from traditional and professional roles for women to emerging as successful women in business. The discussion also focused on women acquiring education in science, math and technology fields, laws to protect women in work place environment, and challenges women face in building their own businesses and highlighted emerging opportunities for women in the Asia.

Mr. Nabeeh Ibrahim Zakariyya - Analyst at the Capital Market Development Authority Maldives has conducted extensive research in the areas of pension supervision and financial literacy. Realizing the nature of financial education as a public goods problem and the need for coordination among institutions, delivered his suggestions on National Financial Literacy Strategy for Maldives and in assisting the CMDA in its advocacy role for greater stakeholder participation at a national level. Also he stated that it is mandatory to start the financial literacy programmes from the early schooling age itself to have a greater impact.

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Ms. Rokiah Hassan - The CEO of Heritage Biotec Malaysia addressed on building public, private and community based participation for social projects powered by entrepreneurship delivering her own experience on Food Waste Composition and how this project is beneficial for establishing Gardens for the community. Also she explained how she got schools involved in creating a better working platform in compost making using food waste. She concluded that government has created separate platforms for promoting women entrepreneurs to progress. The Malaysian Government’s National Economic Strategic plan was also a supportive tool.

Ms. Ramya Weerakon - Chairman, Ramya Holdings Pvt. Ltd suggested that profit with purpose is not to think about money only but to build the enterprise with the consciousness to develop sustainability for the Society in every aspect for the betterment of society. Women in Sri Lanka have great opportunities with the high literacy rate, to get into the entrepreneurship and have equal opportunities as men.

Ms. Sonia Kabir - Country Manager of DELL Bangladesh suggested that if business were started with passion to build on common goals then the money would flow as when the heart and brain work in align. 50% of population is women in the age of 25-30, to be motivated to get into technology field which has a great potential in Bangladesh.

Ms. Bhavani Prakash - Founder of Green Collar Asia, shared her story and how her life got changed by the call entrepreneurship and how her venture makes a change to human life. She started a website to create awareness on the environmental concerns around the world and she progressed by leveraging the power of social media. She pointed out that 50% of the carbon emissions are by the Fortune 500 companies hence there is a huge problem that the world is facing which needs to be addressed. ‘Innovation has to be responsible’ was a key message that she bought up during the session. E-Governance and the ecosystem for entrepreneurship development are some of the facilitating factors with which the Singapore government supports entrepreneurship. Impact Investment Exchange is also supporting social entrepreneurship developmentamong women.

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Panel Discussion 03 - Doing Business in Sri Lanka

The f inal discussion was centered on the theme of ‘Doing business in Sri Lanka’, the host nation for the Summit. Mr. K. Vinopavan – Country Representative of CAAYE - Sri Lanka and Mr. Muzzamir Mustafa Country Representative of CAYEE – Malaysia introduced the panelists for the session. This Session was moderated by Dr. Navita Mahajan.

Mr. C. J. P. Siriwardana - Assistant Governor of Central Bank Of Sri Lanka said that in 2010, 2011 and 2012 the Sri Lankan economy grew by 6%. Free trade agreements with India and Pakistan have been entered into for several business sectors .Sri Lanka was not competing with its neighboring countries for business linkages but partnering with them to increase export capabilities. The Ease of Doing Business Index of Sri Lanka according to World Bank Report placed Sri Lanka in the 102nd position in 2009 now had Srilanka rise to the 86th position. He also provided details on how the CBS was deploying mechanisms and improving their strategies to reduce procedures, time frames and cost involved in

Ms. Priyanka Samaraweera - Senior Deputy Director Research & Policy Advocacy, Department of the BOI spoke on favorable government policies and foreign exchange

starting a new business while parallely educating legal firms on accuracy of data collection and timely reporting to the World Bank on statistics to evaluate the Business Index of Sri Lanka. He concluded that it is now the correct time for other nation’s entrepreneurs to invest in Sri Lanka as the Country has a conducive Business Environment, better Business Index (World Bank Report) and Political Stability.

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Mr. Anton Godfrey - Founder CEO of AGXINTL gave his views on the tourism, sports, and off shore businesses which are currently fast growing sectors of Sri Lanka. He stated that Sri Lanka was the lowest in government Taxation in the Asian region including corporate and personal tax. At the same he demonstrated that in the current world economy,Sri Lanka plays a niche role in the booming IT industry. He concluded that Sri Lanka has IT Software companies which own intellectual property rights, and are prospective niche players in the Software market

Mr. Sivahar - Emerging entrepreneur and the Founder of Think Green Pvt Ltd shared his experience with the audience. He started his business with the passion of making a change and reducing the environmental hazards posed by electronic devices. Sivahar’s journey began with collecting disposed electronic items in 2007 and filling in his warehouse. He them shared his plans with Government of Singapore and Government of Japan and how they supported his business. The Government of Sri Lanka also helped him obtaining the licenses in shorter period and introduced a law for importers of electronic items to have a mandatory agreement with waste management companies for imports into Sri Lanka. Currently his company is holding the UN licenses which allow hazardous items to be exported into these countries He also pointed out that Sri Lanka was an ideal destination for his start up and a right sized market to experiment.

Doing Business in Sri Lanka session was concluded on a positive notes highlighting how Sri Lanka can attract more FDI into the country.

A spectacular musical presentation was presented by the Visharatha Pushpika Mulakanda and this kept the energy level of the audience high.

The Summit concluded with the Founder President of CAAYE Dr. Rahul Mirchandrani and all CAAYE Country Representatives officially signing the CAAYE Communiqué 2013. The contents of the signed communiqué are available in Annexure. The Communiqué was handed over to Mr. Aminul Islam Khan, Regional Director a.i, CYP Asia Centre and Dr. Rahul Mirchandani on behalf of the Eight CAAYE Nations and was also presented to the Common Wealth Business Forum and the Sri Lankan President, His Excellency Mahinda Rajapaksa and key business leaders on the following day.

payments, double tax avoiding treaties with 38 countries, bilateral investment protection treaties including 28 countries which are all available for the benefit of entrepreneurs and help facilitate conducive environment for business in Sri Lanka.

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Dr. Rahul Mirchandani - in conclusion of two successive years of being CAAYE President ceremonially handed over the Presidency of CAAYE and the CAAYE FLAG to the incoming president for 2014, Ms.Nurul Huda Afandi, CAAYE Country Representative from JCI Petaling jaya, Malaysia.

Ms. Nurul Huda - accepted the Presidency and promised to raise CAAYE Brand Name, support entrepreneurs and the member organizations of CAAYE the Partnering Youth Organizations the BYLC, Young entrepreneurs association of Brunei, Yi, JCI, PUGM, YEF, Singapore Indian Chamber of Commerce and industry, FCCISL and NYEF. She also added that the Alliance would continue with the CAAYE Challenge Awards and launch the annual CAAYE E-News Letter, create high impact projects nationally and regionally while keeping high the positive spirit and integrity of CAAYE.

Mr. Aminul Islam Khan - Regional Director, CYP Asia Centre, in his valedictory address, started by conveying the message from Deputy Secretary General, Commonwealth Secretariat, London. He commended CAAYE’s frame work and the Alliance’s structure and appreciated all the member organizations and the country representatives of the CAAYE Alliance in their interventions especially in the areas of education & training, incubation and innovation. He sincerely thankedthe FCCISL for hosting the Summit in Sri Lanka with the support of Mr. Nalin Attygalle – Secretary General of FCCISL and Mr K.Vinopavan-Country Representative of CAAYE. He also mentioned Dr.Rahul Mirchandani’s initiative and his devotion were keys to the success of CAAYE.

Mr. Nalin Attygalle - in his remarks pointed out the significance of the Summit venue and how it added inspiration to the eventsince Stein Studio was a living example of a successful entrepreneurial venture from Sri Lanka. He has requested that the CAAYE calendar be shared in advance so that events throughout the member countries are widely known. He also appreciated the efforts of everyone who supported the Alliance’s flagship event. Dr. Rahul Mirchandani in the session spoke of the Dream of forming the CAAYE Alliance which had now came true. It was a memorable moment for every one of the CAAYE FAMILY. Dr. Rahul provided several personal examples and suggested that Courage, Patience, Wisdom and Humility were the key attributes that an entrepreneur must build on. He said “entrepreneurs are like fireflies that can glow with their own internal personal energy, don’t need the energy of others. Fireflies work best in teams and when they come together these fireflies can glow and brighten up even the pitch of darkness. He concluded by saying ‘You are the fireflies of change, the fire flies of the future”

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On 9th and 10th November the CAAYE Leadership Assembly members had their country representatives meetings for discussions on internal Alliance Matters at the Center for Banking Studies, The Central Bank of Sri- Lanka. The Founder of the CAAYE DR. Rahul Mirchandani, Leadership Assembly Moderator Dr. Navita Mahajan, CAAYE Commonwealth Secretariat Mr. Aminul Islam Khan and all the CAAYE COUNTRY REPRESENTATIVES and Observer members were present at the meeting. On the Final day of the assembly Ms. Nurul Huda Afandi, President of the Junior Chamber International - Petaling Jaya-Malaysia & CAAYE Country Representative for JCI-PJ Malaysia was announced as the President of CAAYE 2014.

CAAYE Leadership Assembly 9th and 10th Nov 2013CBS Board Room. Central Bank of Sri Lanka

Later, the CAAYE Flag was officially handed over to Mr. Ejaj Ahamad, Bangladesh Country Representative for CAAYE by Mr. K.Vinopavan, Sri Lankan Country Representative of CAAYE and the host of CAAYE Summit 2013, to host the Interim Meeting and the Leadership Assembly in June 2014 at Dhaka, Bangladesh.

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Interactive session with Small and Medium Entrepreneurs

Volunteers Orientation / Ice Breaking Session

Economic & Agriculture development is one of the major sector in Area Development Programme of World Vision lanka and they help communities to solve economic problems by investing in their entrepreneurial spirit through expose visit, building linkages and capacity building training programme. 33 SME sector entrepreneurs of World Vision Lanka from Negambo, Wennappuwa, Mundalama, Kalpitiya and Wilgamuwa ADPs were given an opportunity to take part in the business motivation seminar which was conducted by Commonwealth Asia Alliance for Young Entrepreneurs (CAAYE) and the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL). CAAYE summit speakers Mr. Shiraz Gidwani, Ms.Shazia Bakshi and Mr. Mahmood Elahi took part in the session and shared their personal experiences with the participants’. Major focus was given on the importance of Market oriented business initiatives rather than being production oriented.

10th November 2013, Colombo

7th - 8th November 2013, Colombo

13.43% 5.22%

47.01%

16.42%

5.22%

1.49% 3.73%

2.99%1.49% 2.99%

Delegates Composition - Country-wise

Malaysia

Brunei

Sri Lanka

India

Nepal

Pakistan

Bangaladesh

Singapore

Barbodos

Other

Profile of the Delegates

2.24% 4.48%

11.19%

13.43%

68.66%

Delegates Composition - Sector-wise

Government

NGO

Alliance Leadership Assembly members

Speakers

Product and services

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Special Moments... Unforgettable Experiences

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In the Media

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The online team comprised of First Year students and Second Year Student headed by Prof. Mohan B. Rao from IES Management College, Mumbai (IESMCRC).

1) Rohan Fonseca 5) Rahul Malkani 9) Shriti Shetty 13) Shradda

2) Karan Mange 6) Nishant Kohojkar 10) Milind Lavekar 14) Manali J

3)Poonam Kanuga 7) Pooja Jaiswal 11) Neha Nair 15) Ankit Adukia

4) Vikrant Desai 8)Mehernawaz Panthaky 12) Deeksha 16) PARTH DOSHI

CAAYE In the Social Media

Inspiring Entrepreneurship related Content

The Online marketing team via CAAYE facebook page started on 26th Sept 2013 with the posting of inspirational videos, quotations, images and articles. The Social Media team created linked accounts on various other online media like Twitter and promoted the event and also posted about the various entrepreneurs that were a part of the Summit

CAAYE member Organizations

The various CAAYE member nations were India, Sri Lanka (host country of CAAYE Summit 2013), Maldives, Pakistan, Bangladesh, Maldives, Brunei, Malaysia and Singapore. The CAAYE Summit 2013 also witnessed a new guest country-Nepal.

Greatest Entrepreneurs

Posting of quotes and achievements from some of the greatest mentors such as Dr. Rahul Mirchandani, Dr.Shiraz Gidwani, Mr. Adnan Lee, Ms. Shazia Bakshi amongst others, on a daily basis compiled by the Social Media Team.

Beginning of the posting It all began by posting about the various upcoming entrepreneurs from the different countries who in their own way have achieved great success and are a motivating force for the budding entrepreneurs.

Festivals of the different member countries

While trying to create a stronger bond and give people a closer understanding of the different member nations, IES posted the various festivals celebrated by these countries and also gave a sneak peek to their culture and traditions. A brief description of these festivals was shared in order to bring the audience closer to the Summit.

Motivating Articles

IES Social Media Team posted on facebook; articles that covered topics such as the challenges faced by entrepreneurs, Asia-centric business articles, inspirational and motivational guidelines for budding entrepreneurs.

Introduction of CAAYE speakers and delegates

Beginning October 11th, 2013 IES began introducing the speakers and delegates on facebook. Speaker’ background and achievements were briefly mentioned in order to help the viewers connect to them.

Summit Coverage

During the main events of the Summit, continuous live coverage was provided by IES MCRC where photographs were taken at various excursions, meetings, celebrations and the actual finale summit itself and up-to-date photo

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albums were made available to the attendees of the Summit on facebook and twitter.Live speeches delivered by the entrepreneurs were also posted.

Live Streaming

On the final day of the Summit a live web streaming of the event was made available to viewers the world over. This was made possible by IES MCRC.

Live Questions from Online Viewers

The online viewers posed questions and got responses by the Panelists through Live Streaming & Tweeting.

Facebook Report Statistics: 7,556

Total Reach in the month of September: The number of people who saw any activity from your page including posts, posts by other people, page like ads, mentions and check-ins.

Total Reach in the month of October: The number of people who saw any activity from your page including posts, posts by other people, page like ads, mentions and check-ins.

Total Reach in the month of November:

The number of people who saw any activity from your page including posts, posts by other people, page like ads, mentions and check-ins.

The following graph shows the male female ratio of the number of likes on posts and comments and shares.

Twitter Details

Activities on the Twitter handle @caayealliance had started in the month of October. The focus was to get the #caaye2013 trending. It started with 4-5 posts a day. The activities were intense which included pictures, comments, one liners and quotes from the delegates and entrepreneurs.

Links: 1) http://www.facebook.com/caayealliance2) http://www.twitter.com/caayealliance

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The IESMCRC student team is very privileged to be at CAAYE, Colombo which exposes them to latest technologies and global challenges.

It is no doubt a privilege for me to write on the CAAYE summit ... which is an association committed toward success! Outstanding indeed and wonderful social media efforts put in by the student group.

I am very appreciative of the efforts put in by IESMCRC students and the quickness with which the events were being covered and relayed across the world wide web. I am delighted to be at CAAYE, Colombo and be a

recipient of an award after a tough competition. I am also thrilled to see how all of you are working as a team to support an entrepreneur. I am delighted to be at CAAYE, Colombo and be a recipient of an award after a tough competition. I am also thrilled to see how all of you are working as a team to support an entrepreneur.Yes, it was one of the most beautiful and business scope

changing experiences to us. As Industrial Automation Engineers, we focused only on doing business in Sri Lanka. But after this summit, now we are thinking of going global. So it is actually a total new paradigm shift.

The exceptional personalities we met like Mr. Shiraz Gidwani and Dr. Rahul Mirchandani have positively influenced our lives so that we think at new international heights.

Entrepreneurs are essential to create jobs, sustainable economic growth and wealth, as well as to address the growing set of global challenges society is facing. And events like caaye play an important role in such things.

The CAAYE 2013 Summit was simply awesome and we all felt tremendous energy inside. It surely did inspire me and other delegates as well. Let us all be inspired and make this summit the dawn of a new era where youth entrepreneurship will open new arenas to the whole world.

Institutions like CAAYE play a major role by being the catalyst between governments, policy makers, funding institutions to bring more acceleration towards promoting an entrepreneurial culture. Policy Implementation should be the focus.

Obstacles and Solutions:

Time Period Action Obstacle Solutions

Sept 2013 Posting and increasing the popularity of the page

We targeted mostly on specialty tourism aspects of member countries

We shifted our attention completely on speakers and delegates

Mid Oct 2013 Contacting delegates and connecting on FB

We did not receive the delegate list

We had to search for the delegate list on our own and their profile

End Oct 2013 To maximize the reach of our Facebook page

The basic reach was only restricted to Indian region

Commenced paid promo-tion which would help us reach wider audience across member countries

Nov 2013 On the spot posting at Co-lombo for visits and summit proceedings

The Vodafone dongles were not working effectively. On summit day there was poor internet connection for live streaming of data

On Summit day we some-how managed by taking turns and sometimes use mobile net which delayed the process

Entrepreneurs & Delegates Reaction to the event

Shiraz Gidwani Siddhartha Nanayakhara

Adnan Lee

Marwan Bin Masom

Nelumal Pietersz

Jeremy Liddle

Amanda KumaratungaLihini Fernando

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The CAAYE Summit Team

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Annexure

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Host website: www.fccisl.lk