Young entrepreneurship grows 23% in the last decade; initiatives encourage new talent

The number of young entrepreneurs in Brazil increased by 23% in the last decade, according to a survey by Sebrae, based on the Continuous National Household Sample Survey (PNADc) by the IBGE. The study analyzed the period between the last quarter of 2013 and the last three months of 2023, revealing the growth in youth participation in business creation and management. By the end of 2023, young people between 18 and 29 years old represented 16.5% of the approximately 30 million entrepreneurs in the country.

In this context, junior enterprises have emerged as important drivers of entrepreneurship among university students. Managed by students, these non-profit organizations offer practical experience and help develop small businesses across the country.

According to Elias Gabriel, Executive President of Brasil Júnior (Brazilian Confederation of Junior Enterprises), junior enterprises create a unique opportunity for students to apply their theoretical knowledge to real projects, while providing quality services at affordable prices. 

Next, he explains how this model benefits both students and small businesses. 

What is a junior company and what is its role?

A junior enterprise is a non-profit organization formed and managed by university students. The goal is to provide practical experience in their fields of study, as well as provide consulting and project development services to companies and society in general.

How are junior companies regulated in Brazil?

In Brazil, junior enterprises are regulated by Law No. 13,267, known as the Junior Enterprise Law, enacted in 2016. This legislation formalizes the participation of universities and guarantees the necessary support for the operation of JEs.

How do junior companies work in practice?These companies are organized into three levels: regional centers, state federations, and national confederations. Each level supports and guides its affiliated junior companies, ensuring the quality of services provided and the ongoing training of members.

How can a student participate in a junior company?

Students must be enrolled at a university registered with the junior enterprise movement, which is coordinated by Brasil Júnior. This ensures academic and practical support for working on real projects.

How does this experience impact students' careers?

Participating in a junior company allows students to apply what they learn at university directly to the job market. They develop management, teamwork, and leadership skills, which are highly valued in the job market.

Why should small businesses hire a junior company?

Junior enterprises offer high-quality services at reduced prices, as their focus is on student learning. With the support of professors and access to university laboratories, these projects maintain a high standard.

Who can hire the services of a junior company?

Any individual, company, or entity can hire a junior company. Small and medium-sized entrepreneurs often find these services to be excellent value for money, with innovative and efficient projects.

What are the main benefits for those who hire? 

Junior companies offer quality services at a reduced cost, as they are non-profit. Furthermore, they bring innovation, with updated and efficient solutions, and contribute to the training of future professionals. Many projects also have a social impact, helping to solve community challenges.