Launch of annual Youth Innovation Prize in Davos.

The Global Alliance for YOUth, founded a decade ago by Nestlé, announced a new partnership with the Global Shapers Community, an initiative by the World Economic Forum, and Accenture to further support youth innovation. Starting in 2024, each year, innovators from the Global Shapers’ community will be invited to apply for support to accelerate their breakthrough ideas.

This is an important milestone for the Global Alliance for YOUth that has extended its outreach and impact and provided more than 40 million opportunities for young people around the world in the past decade.

The Global Shapers Community was established by Klaus Schwab, Chairman and Founder of the World Economic Forum in 2011. It is a network of inspiring young people under the age of 30 working together to address local, regional, and global challenges. The community includes more than 10,000 members in more than 500 city-based hubs in over 150 countries and territories around the world. In each city, teams of Shapers self-organize to create projects that address the needs of their community.

At the World Economic Forum’s Annual Meeting 2024, executives from Global Alliance for YOUth member companies, including Nestlé, met Young Change Makers to discuss and strategize the criteria for the Innovation Prize and the exciting collaboration that lies ahead.

Laurent Freixe, CEO Zone Latin America at Nestlé and Global Alliance for YOUth Founder and Chairman, commented on the launch: “We are living in times that require bold and decisive actions. More than ever, the private sector must join forces to build bridges and support younger generations to play an active role in solving society’s biggest problems. In that context, The Global Alliance for YOUth is proud to collaborate with the Global Shapers Community to launch the Innovation Prize, a platform to reward and accelerate breakthrough solutions for youth by youth.”