Mindshare identifies Gen Y entrepreneurial spirit in trend study

6 March, 2012


Mindshare’s Culture Vulture Explores ‘The Entrepreneurial Spirit’

SINGAPORE — Mindshare has launched the first edition of its new quarterly trend series, Culture Vulture, which identifies the Entrepreneurial Spirit of Gen Y across 30 countries globally.

The report, which was led globally out of the agency’s Asia-Pacific hub in Singapore, examines over 300 Gen Y entrepreneurial businesses across 38 cities including New York, Buenos Aires, London and Shanghai to understand how the youth’s innovative ideas can inspire and fuel game-changing communication behaviour.

“At the core of this first edition is the belief that businesses need a little bit of reverse mentoring from time to time— big blue chip companies can learn from the nimble and creative entrepreneurs of Gen Y,” said Catherine Williams who heads the series for Mindshare.

The report identified 14 unique global trends that Gen Y—the consumer group, in the 17 to 32 age group (The generation born between 1978 – 1995) has been pioneering to great success in small to medium sized businesses. These include tips from trendsetting tech start-ups, channelling the power of advocacy, and creating a genuine value proposition.

Commenting on the launch of the series, Marco Rimini, Mindshare’s Global Business Planning Leader said, “Understanding trends and popular culture actually tell us more about consumer behaviour than media consumption data ever could. Our Culture Vulture series has been created specifically to better inform our clients and teams of these trends and inspire original thinking in our media strategies.”

The report itself draws on ideas and technologies employed by Gen Y entrepreneurs. It is being distributed as a free iPad app, an interactive PDF and as a videos series on Vimeo on Twitter and a Culture Vulture blog.


DISTRIBUTION
Culture Vulture is available on iTunes as an iPad app, which features over 300 case studies and 14 videos in an interactive magazine format with an easy-to-use text interface:

http://itunes.apple.com/gb/app/mindshare-culture-vulture/id488021205?mt=8&ls=1  

It’s also available as an interactive PDF (www.culturevulture.mindshareworld.com) showcasing 14 unique videos summarizing the best examples of new business concepts launched by Gen Y entrepreneurs.

To share relevant insights and trends from the report across social media platforms, Culture Vulture has also established a presence on Twitter (https://twitter.com/#!/Mindshare_CV) and a dedicated video channel on Vimeo (http://vimeopro.com/mindshareculturevulture/videos) to encourage downloads for the report’s first edition.

ABOUT MINDSHARE
Mindshare is a global media and marketing services network with billings in excess of $27.8 billion (source: RECMA). The network consists of 114 offices in 82 countries throughout the North America, Latin America, Europe, Middle East, and Asia Pacific, each dedicated to forging competitive marketing advantage for businesses and their brands. Mindshare is a member of WPP, the world’s leading communications service group with $84.2bn in billings (source: RECMA), and is part of GroupM, the world’s leading full service media investment management operation, which was created by WPP Group to oversee its assets in this sector. For more information, please visit: www.mindshareworld.com.  

About Culture Vulture
Culture Vulture combines two of Mindshare’s Business Planning solutions. The first is Mindreader, a global quantitative study covering 40,000 people across 40 countries globally. This data provided profiled Gen Y Entrepreneurs and their needs. The second source is Mindshare’s Global Scout Network, a team of Cultural Cool Hunters based across 38 cities worldwide.

MEDIA CONTACT
Kevin Rooney
Mindshare Asia Pacific
w +65 6232 8543 / m +65 9721 8022 / kevin.rooney@mindshareworld.com

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