YBC was initiated by the All-China Youth Federation (ACYF), the Ministry of Human Resources and Social Security, the All-China Federation of Industry and Commerce, and other agencies in November 2003; YBC is implemented by the China Youth & Children Foundation for Social Education.
YBC helps young people aged between 18 - 35 who are unemployed, under-employed and have a viable business idea and the passion for entrepreneurship but who lack business experience and have no access to seed money.
YBC provides young entrepreneurs with between US$4,000 to US$6,600 seed money; one to one accompanied mentoring; knowledge and know-how in running a business and access to business networks As a non-profit programme with a think-tank function, YBC has been pursuing its goal to "promote entrepreneurship, enhance employability, create job opportunities, revitalise the economy, implement social responsibility and promote social harmony".
In 2005, YBC was accredited as the best practice program by the UN Secretary General's Youth Employment Network Office China.
In September 2008, HP China established a Chinese center for microenterprise development in cooperation with YBC, providing support and training to microenterprises and enterprise starters to use technology to build and grow their business.