The Ethiopian Youth Entrepreneurs Association (EYEA) has entered into a strategic partnership with NexGen Incubator SRL, a move expected to strengthen entrepreneurship and create new opportunities for young people across Ethiopia. The collaboration is focused on bringing global resources into the country while supporting high-growth sectors such as artificial intelligence, information technology, greentech and agritech.
At its core, the partnership is designed to address one of Ethiopia’s most pressing challenges. Urban youth unemployment stands at around 27%, leaving many young people stuck in low-income and unstable work. Through this partnership, EYEA and NexGen aim to change that by building a stronger entrepreneurial ecosystem that supports job creation, skills development and business growth.
The agreement includes phased investment into local startups and initiatives, with a clear focus on creating sustainable employment. It also prioritizes skills development through training programs and knowledge transfer, ensuring that young entrepreneurs are equipped with the tools needed to compete in a fast-changing global economy. In addition, the partnership will support the establishment of new innovation hubs, creating spaces where ideas can be developed into viable businesses.
EYEA has been playing a key role in supporting young entrepreneurs in Ethiopia. Founded by young innovators, the association provides training, access to finance and networking opportunities. Its approach focuses on helping youth move beyond job-seeking to job creation, encouraging them to build businesses that can contribute to the country’s economic growth. By bridging gaps between entrepreneurs, financial institutions and public systems, EYEA continues to address challenges related to capital, skills and policy.
NexGen Incubator SRL brings international experience and a structured approach to startup development. Based in Brussels, the incubator works with early-stage businesses and innovative projects, offering mentoring, strategic advice and specialized training. Its focus on sectors such as agritech, foodtech, greentech and artificial intelligence aligns closely with Ethiopia’s development priorities. The incubator also connects entrepreneurs with investors, helping them access the funding needed to scale their ideas.
Together, the two organizations are creating a platform that supports innovation while addressing real economic challenges. The partnership signals a shift toward practical solutions that empower young people to build businesses, create jobs and contribute to long-term development.
