Youth EnterprisesAre The Key to Building

a Better World

Investing in Youth Entrepreneurship & Enterprise

The Youth are Talking

Why we Need to Listen

How is Singapore going about this

The Youth are Talking!

London - Paris - New York - Seoul - Shanghai - Singapore – Port Moresby - Honiara - Port Villa – Manila – Kuala Lumpur – Jakarta – Bangkok – Seoul – Ulaanbaatar – Geneva – Los Angeles - Mumbai –

Paris – Moscow – Sun City – Perth – Auckland – and the list goes on …..

There is far more Connectivity Between the Youth than is Realized

The New Generation is about Being Right Here and Right Now

– Today’s Generation are busy. They want things easy to buy and understand– Increasingly they want convenience and speed of operation– Citizens are looking for healthy foods and products to reduce ageing– People today are somewhat more aware of environmental issues– People do extensive research and sometimes know more about the products than their retailer– This time around people are spending less since the global financial crises

Global Trends are Impacting Needs and Wants

Today’s Youth are Aware

Dictating what and where will be bought:– RFIDs continue to increase in retail application

– Customer Centricity reemphasizes ‘made for me products’

but also increasing merging of sectors (books + cafe)– World population will be increasingly represented

by ageing Baby Boomers and Generation Y

Timing Is Ripe for Focus onYouth Business

The New Economy Realizes

Post-crises it is now about:

– Having braved the worst– Appreciation for more accountability and less complication– Having less time now consumers never want to be treated in the same way– Public consensus is in search of a fair deal and sustainability– Public questions corporate social missions

Investment in Youth Businesses

The Marketplace is Ready

The Recent World-Wide Economic Crises

has Helped Consolidated Consumer

and Business Convention

Paving the Way for

A New Wave of Business Enterprise

mindset

mind-set

mentality

outlook

Items in RED are Singapore

Youth & Social Enterprise “Keeps the Money Local”

Gov., Corp. and Private Involvement Needed

“Keep the Money Local” Attitude

Makes Good Sense the Community

If we imagine the any economy to be a bucket with money pouring in from various sectors

Then it makes good sense for us:– To make sure that we minimize leaks outside our economy– To ensure that within this economy the money changes hands as many times as possible

Encouraging local expenditure provides jobs and income for Singapore

Ensuring a secure longer term future for local economies

Youth and Social Enterprise

Builds Community

• Building local economy• Ensuring local jobs• Protecting home-grown character and prosperity• Saving time, money and local environment• Ensuring local product diversity• Protecting local services

The New World Economy Realizes

Youth Business and Social Enterprise a Country Investment

Youth Business

Regular Business

In Youth Business the Kids Grow Up andLeave but the Fundamentals Prevail.

In all Cases the Structure must Support the Original Goals and Values

To Help these Business Grow

Organizational Differencethe Youth Business Programs

must Preserve

The Community must Realize

Youth Business Strategy Requires Support

In Singapore we are still Working at it

Strategic IntentStrategic Intent

Elevate & Establish Youth Business Elevate & Establish Youth Business by dominating society mindshare by dominating society mindshare

and perceptionsand perceptions

Governments & NGO’s RoleGovernments & NGO’s Role

Need to promote and develop Youth Business Need to promote and develop Youth Business as sustainable enterprises that address as sustainable enterprises that address Social and Economic needs through theSocial and Economic needs through the principle of self and mutual help so asprinciple of self and mutual help so as

to foster a more resilient societyto foster a more resilient society

Singapore Included the following in their Plan

The Stakeholders Singapore Involved

- Government Agencies- Statutory Boards

- Foreign Direct Investors- Academia / Vocational Trg.

- Military- NGO’s

- Successful Local Enterprise- Private Co.- Churches- Healthcare

Singapore Management of Youth

Education

As far back at the 1980’s Technical Workshops were introduced at Secondary School Level

Metal / Wood Work / Basic Electricity / Home Economics• Building of 5 polytechnics offering 50 full time courses each and housing 25 000 students.• The first Polytechnic was opened in 1980. • Polytechnics have route to University.• There are three large Institute of Technological Education (ITE) Campuses offering over 80 Full Time Courses

housing approximately 30 000 students• Entrepreneurship and Social Enterprise subjects are being offered as electives at University

Technical Workshops In Secondary Schools

One of Five Polytechnics One of Three Regional Vocational Hubs

5 Singapore Polytechnics25 000 Students, 50 Full Time Courses

3 Main Regional Training Complexes with Multiple Satellite Centers

30 000 Students, 80+ Full Time Courses

Singapore Management of Youth

Every Singaporean Son on National Geographic Channel.flv

Full Time National ServiceEvery Singapore Boy aged 18+Serves 2 – 2 Half YearsArmyNavyAirForceCivil DefencePolice

Singapore Management of Community

Ministry of Community Development Youth & Sports

“inspired and committed youth” (Pillar 2)

To develop inspired and committed youth, we aim to create an environment where

1. Youth Have a Say in national and community affairs. By consulting them on issues and recognising their contributions, youth will be more engaged in the community and have a greater sense of belonging.

2. Youth Plant a Stake in society. By getting the youth actively involved in the community so that they develop into young citizens with a sense of ownership towards society.

3. Youth Get Support to realise their potential, develop their talents and pursue their dreams. By supporting our youth so that they are able to contribute meaningfully to our society.

Singapore Management of Community

Ministry of Community Development Youth & Sports 5 Key Pillars

A Sporting People (Pillar 5)

Sports participation develops a resilient people with the virtues of perseverance, focus, discipline, teamwork, creativity, a drive to excel and a healthy lifestyle.

Sports bond people from various communities of our society.

Sports excellence enhances our national pride and international standing.

A vibrant sports industry contributes to the economy and sustains the sports delivery system.

Sports help strengthen friendships with other nations.

MCYS Persona Reaching the Youth

Singapore Management of Social Enterprise29 Types of Funds, 74 Members, Private & Gov. Support

Social Enterprise Development Centre

Some of the Grants Available to Social Enterprises:

Community Foundation Fund

GO Fund

New Initiative Grant

Comcare Enterprise Fund (CEF)

Community Foundation Fund (CF)

Golden Opportunities! (GO!) Fund

New Initiative Grant (New Ideas for Volunteerism and/or Philanthropy)

Youth Expedition Project (YEP)

Young ChangeMakers Grant (YCM)

Youth Innovation Grant (YIG)

First Mover Advantage

ideas.inc Business Challenge

Young Entrepreneurs Scheme for Start-ups (YES! Start-ups)

Community Participation Grant (Arts)

Partnership Funding For Arts Businesses (PFAB)

Community Participation Grant (CPG)

infocomm@SME - Accounting Software Assistance Scheme

iSPRINT (Package Solutions)

SME Management Action For Results (SMART)

ADVANTAGE! Scheme

The Scheme supports initiatives and efforts to:

Enhanced OPEN DOOR Fund (ODF)

Flexi-Works!

3P Partnership Fund (Environment)

Environmental Technology Capacity Development Programme (EnviroTech CDP

Intellectual Property Management Programme (IPM)

JAM Micro Funding Schem

Tourism Development Assistance Scheme (TDAS)

WoW! Fund

Business For Families Grant

Toolkit Starting a Social Enterprise in Singapore – The Essential Toolkit

Business Support Services-Legal Services- Pro Bono Legal Services- Corporate Secretariat Services- Finance & Accounting- Audit Services- Human Resource Management Software- IT Services- Website Design & Development- Social Marketing- Design Services- Printing Agency

Corporate Governance

Business Tips

Youth Business Singapore / Heartware NetworkPrivate Charity Supporting Youth EndeavorsOffering Mentorship / Funding / Resources

Spring Singapore is the Mother Ship for Funding

• Financing Schemes

– Business Angel Funds (BAF)

– SPRING Startup Enterprise Development Scheme (SPRING SEEDS)

– Technology Enterprise Commercialisation Scheme (TECS)

– Young Entrepreneurs Scheme for Start-ups (YES! Start-ups)

174 Start-Ups Receive Seed Funding Help

THE Government last year committed over $10 million to help invest in more than 20 start-ups under Spring Singapore's Start-up Enterprise Development Scheme (Seeds).

That brings to 174 the total number of firms that have received funding support through Seeds since it was introduced in 2001.

So far, more than half of the $110 million set aside for Seeds has been allocated to local start-ups, as part of efforts to groom globally competitive companies by providing vital early funding.

According to enterprise development agency Spring Singapore, 20 Seeds start-ups have since been able to generate over $1 million a year in revenue.

I would like to Show YouThe New World our Youth needs to Compete in

mauricewilliams.esq@gmail.com

I Hope I have been of some assistanceto the Ministry for Community Development

National Youth CommissionOffice of the CommissionerNCD Papua New Guinea

Thank You

Did You Know_.flv