Are you young and have a business brainwave? Set up a business in a day at Global Entrepreneurship Week The event that aims to "inspire and empower" the next generation of entrepreneurs, said the UK economy was the 4th most entrepreneurial economy in the world; behind the US, Canada and Australia, according to the Global Entrepreneurship Monitor. Emma Jones, founder of Enterprise Nation, said: "StartUp rates are at a record high and this shows no signs of abating. We must act to ensure that young businesses can access the advice and mentoring they need to grow. The initiative takes place simultaneously in more than 140 countries, with some 30,000 events run by 25,000 different organisations across the world, from local schools to multinational corporations. Now in its eighth year, Global Entrepreneurship Week started life as Enterprise Week here in the UK. From humble beginnings, the campaign has ballooned into an international phenomenon. This year, in the UK alone, 300,000 people will take part in more than 2,000 events. Youth Business International (YBI), the not-for-profit organisation that helps young people to start their own businesses, is this year's UK host in partnership with Barclays. The theme this year is "Get Connected" after a survey of last year's participants found that 43pc stated that making new contacts was a top priority. YBI's report also found that 89pc of 2013 delegates felt more positive about the idea of entrepreneurship as a result of GEW events, 43pc were more likely to start up a business in the next 12 months, and 78pc claimed to be more confident about their entrepreneurial ventures.