The document discusses youth entrepreneurship and business in Singapore. It provides statistics that showed GDP, trade, employment, and other economic indicators were up in Singapore, favoring youth start-ups. It describes Singapore government programs that provide financing and support to help establish and grow youth businesses. These programs aim to invest in the country's future by engaging youth, ensuring their enterprises are suited for the new world, and establishing early connections between youth and business.

1. Beginnings
• RSAF – Pilot
• Advertising – Account Director
• MediaCorpTV – Assistant Vice President, Airtime
• TVMobile – Director, Biz. & Prd. Dev.
• FairVision – Vice President, Biz. Dev.
• Sentosa – Marketing Director
• Singapore Post – Chief Marketing Officer
• Commonwealth Secretariat – CFTC Expert

2. In Between Golf, Mountain Biking
and Travelling
• Completing MBA, U21 Global
• Practicing Mgt. Consultant (PMC)
• Inst. Of Mgt. Consultants (MIMC)
• Youth Business Singapore (Mentor)
• Singapore Institute of Dir. (SIDM)
• Cornell-Nanyang Inst. of Hospitality Mgt. (Guest Speaker)
• Sri Lankan Maid to My Children

3. Youth Business Singapore

4. YBS Entrepreneur

5. YBS in Action

6. Does The World Truly
Appreciate The Benefits …
Youth Entrepreneurship
Youth Enterprise
Youth Employment

7. What Does Youth Entrepreneurship EnterpriseWhat Does Youth Entrepreneurship Enterprise
and Employment Really Build?and Employment Really Build?
• Building local economyBuilding local economy
• Ensuring local jobsEnsuring local jobs
• Protecting home-grown character and prosperityProtecting home-grown character and prosperity
• Saving time, money and local environmentSaving time, money and local environment
• Ensuring local product diversityEnsuring local product diversity
• Protecting local servicesProtecting local services
Youth Business is Really
about Country Investment

8. Youth EnterprisesYouth Enterprises
Are The Key to BuildingAre The Key to Building
a Better Worlda Better World
Investing in Youth Entrepreneurship & EnterpriseInvesting in Youth Entrepreneurship & Enterprise
Why and How?Why and How?
A Singapore PerspectiveA Singapore Perspective

9. If I said the CountryIf I said the Country
AustraliaAustralia
What would be theWhat would be the
First Picture in Your Head?First Picture in Your Head?

11. Now if I asked you to Think of SydneyNow if I asked you to Think of Sydney
What would that be the First Picture in Your Mind?What would that be the First Picture in Your Mind?

13. Physically bothPhysically both
SydneySydney and Australia areand Australia are
in the Same Geographyin the Same Geography
But in your Mind they areBut in your Mind they are
in Two Different Places!in Two Different Places!

14. The Point I am making is thatThe Point I am making is that
there is a Far Greater Connectthere is a Far Greater Connect
between Cities than Countriesbetween Cities than Countries
And the Youth are Talking!And the Youth are Talking!
London – Paris – New YorkLondon – Paris – New York
Seoul – Beijing – TokyoSeoul – Beijing – Tokyo
Port Vila – Honiara -- SuvaPort Vila – Honiara -- Suva

15. There is far more Connectivity BetweenThere is far more Connectivity Between
the Youth than is Realizedthe Youth than is Realized

16. – World Citizens are busy. They want things easy toWorld Citizens are busy. They want things easy to
buy and understandbuy and understand
– Increasingly people want convenience and speed of operationIncreasingly people want convenience and speed of operation
– Citizens are looking for healthy foods and productsCitizens are looking for healthy foods and products
to reduce ageingto reduce ageing
– People today are somewhat more aware of environmental issuesPeople today are somewhat more aware of environmental issues
– People do extensive research and sometimes know more about thePeople do extensive research and sometimes know more about the
products than their retailerproducts than their retailer
– This time around people are spending less since theThis time around people are spending less since the
global financial crisesglobal financial crises
The New GenerationThe New Generation
is about Being Right Here and Right Nowis about Being Right Here and Right Now

17. SPRING Singapore is the enterprise development agency responsible for helping Singapore enterprises grow. We work with partners to help
enterprises in financing, capability and management development, technology and innovation, and accessing new markets. As the national
standards and accreditation body, SPRING develops and promotes an internationally-recognised standards and quality assurance infrastructure
that builds trust in Singapore enterprises, products and services, thereby enabling their global competitiveness and facilitating global trade.
The Rebirth of SpringThe Rebirth of Spring
HOW WE DO IT

18. Finance RequirementsFinance Requirements
For Youth EntrepreneurshipFor Youth Entrepreneurship
HOW WE DO IT

19. Engaging Youth WithEngaging Youth With
Existing Enterprise & IndustryExisting Enterprise & Industry
HOW WE DO IT

20. Ensuring Youth Enterprise Meets The New WorldEnsuring Youth Enterprise Meets The New World

21. Establishing The Youth Connection EarlyEstablishing The Youth Connection Early

22. 3 Young Entrepreneurs3 Young Entrepreneurs
1.5 Million Singapore Dollars1.5 Million Singapore Dollars

23. Youth Business StrategyYouth Business Strategy
Requires SupportRequires Support

24. The Sequence of Shifts the MovementThe Sequence of Shifts the Movement
and Program must Evolveand Program must Evolve
Youth BusinessYouth Business
a Jump Starta Jump Start
Youth BusinessYouth Business
as a Tangibleas a Tangible
Business ResourceBusiness Resource
In each CityIn each City
Youth BusinessYouth Business
Operating on aOperating on a
ConnectiveConnective
NetworkNetwork City-CityCity-City

25. 174 Start-Ups174 Start-Ups
Receive Seed Funding HelpReceive Seed Funding Help
THE Government last yearTHE Government last year committed over $10 millioncommitted over $10 million to help invest in moreto help invest in more
than 20 start-ups under Spring Singapore's Start-up Enterprisethan 20 start-ups under Spring Singapore's Start-up Enterprise
Development Scheme (Seeds).Development Scheme (Seeds).
That brings toThat brings to 174 the total number174 the total number of firms that have received funding supportof firms that have received funding support
through Seeds since it was introduced in 2001.through Seeds since it was introduced in 2001.
So far, more than half of theSo far, more than half of the $110 million set aside for Seeds$110 million set aside for Seeds has been allocatedhas been allocated
to local start-ups, as part of efforts to groom globally competitiveto local start-ups, as part of efforts to groom globally competitive
companies by providing vital early funding.companies by providing vital early funding.
According to enterprise development agency Spring Singapore, 20 Seeds start-According to enterprise development agency Spring Singapore, 20 Seeds start-
ups have since been able to generate over $1 million a year in revenue.ups have since been able to generate over $1 million a year in revenue.

26. If Youth Business isIf Youth Business is
to be Successfulto be Successful
Governments & NGO’s RoleGovernments & NGO’s Role
Need to promote and develop YouthNeed to promote and develop Youth
Business as sustainable enterprises thatBusiness as sustainable enterprises that
address Social and Economic needsaddress Social and Economic needs
through the principle of self and mutual helpthrough the principle of self and mutual help
so as to foster a more resilient societyso as to foster a more resilient society
Strategic IntentStrategic Intent
Elevate & Establish Youth Business byElevate & Establish Youth Business by
dominating society mindsharedominating society mindshare
and perceptionsand perceptions

27. mauricewilliams.esq@gmail.com
Thank You

30. TheThe SinSingapore Statistics Favored Youth Start-upsgapore Statistics Favored Youth Start-ups
• GDP up 10.6% in 3Q 2010GDP up 10.6% in 3Q 2010
• CPI up 3.5% in Oct 2010CPI up 3.5% in Oct 2010
• Total Trade up 15.0% in Oct 2010Total Trade up 15.0% in Oct 2010
• Index of Industrial Production up 31.0% in Oct 2010Index of Industrial Production up 31.0% in Oct 2010
• Retail Sales up 0.3% in Sep 2010Retail Sales up 0.3% in Sep 2010
• Total Population was 5.08 million in Jun 2010Total Population was 5.08 million in Jun 2010
• Employment was 3.08 million in Sep 2010Employment was 3.08 million in Sep 2010
• Unemployment Rate (SA) was 2.1% in Sep 2010Unemployment Rate (SA) was 2.1% in Sep 2010

31. Youth Business isYouth Business is
a Country Investmenta Country Investment
WHY WE DO IT

32. The Organizational DifferenceThe Organizational Difference
the Youth Business Programsthe Youth Business Programs
Must PreserveMust Preserve
Youth BusinessYouth Business
Regular BusinessRegular Business
In youth business the kids grow up andIn youth business the kids grow up and
leave but the fundamentals prevail.leave but the fundamentals prevail.
In all cases the structure must supportIn all cases the structure must support
the originalthe original goals and valuesgoals and values

33. The AudiencesThe Audiences
the Program Must Impactthe Program Must Impact

34. The Timing is Ripe forThe Timing is Ripe for
Youth Business Now!Youth Business Now!
Pre-financial crises corporations were all about:Pre-financial crises corporations were all about:
– Consolidating for bigger market sharesConsolidating for bigger market shares
– Commanding bigger geographic footprintsCommanding bigger geographic footprints
– They were mostly concerted on diversification:They were mostly concerted on diversification:
– Short-term gainsShort-term gains
HOW WE DO IT

35. The Timing is Ripe forThe Timing is Ripe for
Youth Business Now!Youth Business Now!
Post-crises it is now about:Post-crises it is now about:
– Having braved the worstHaving braved the worst
– Appreciation for more accountability and less complicationAppreciation for more accountability and less complication
– Having less time now consumers never want to be treated inHaving less time now consumers never want to be treated in
the same waythe same way
– Public consensus is in search of a fair deal and sustainabilityPublic consensus is in search of a fair deal and sustainability
– Public questions corporate social missionsPublic questions corporate social missions
HOW WE DO IT

36. Investment inInvestment in
Youth Businesses is RelevantYouth Businesses is Relevant
Keeping the Money LocalKeeping the Money Local
Paving the Way forPaving the Way for
Youth Enterprise Entrepreneurship EmploymentYouth Enterprise Entrepreneurship Employment
HOW WE DO IT

37. Spring SingaporeSpring Singapore
• Financing SchemesFinancing Schemes
– Business Angel Funds (BAF)Business Angel Funds (BAF)
– SPRING Startup Enterprise Development Scheme (SPRING SEEDS)SPRING Startup Enterprise Development Scheme (SPRING SEEDS)
– Technology Enterprise Commercialisation Scheme (TECS)Technology Enterprise Commercialisation Scheme (TECS)
– Young Entrepreneurs Scheme for Start-ups (YES! Start-ups)Young Entrepreneurs Scheme for Start-ups (YES! Start-ups)
http://www.spring.gov.sg/Entrepreneurship/FS/FS/Pages/young-entrepreneurs-scheme-start-ups.aspxhttp://www.spring.gov.sg/Entrepreneurship/FS/FS/Pages/young-entrepreneurs-scheme-start-ups.aspx

38. Global TreGlobal Trends are Impactingnds are Impacting
NeedNeeds and Wantss and Wants
Dictating what and where will be bought:Dictating what and where will be bought:
– RFIDs continue to increase in retail applicationRFIDs continue to increase in retail application
– Customer Centricity reemphasizes ‘made for me products’Customer Centricity reemphasizes ‘made for me products’
but also increasing merging of sectors (books + cafe)but also increasing merging of sectors (books + cafe)
– World population will be increasingly representedWorld population will be increasingly represented
by ageing Baby Boomers and Generation Yby ageing Baby Boomers and Generation Y
The presentation to follow illustratesThe presentation to follow illustrates
Why & HowWhy & How
Singapore Invests in YouthSingapore Invests in Youth

39. Singapore Population is AgeingSingapore Population is Ageing
Resident PopulationResident Population
Continues to GrowContinues to Grow
Old Age Support RatioOld Age Support Ratio
is Reducingis Reducing
Life Expectancy at BirthLife Expectancy at Birth
is Increasingis Increasing
WHY WE DO IT

40. LFPR Will Continue to RiseLFPR Will Continue to Rise
(Labor Force Participation Rate)(Labor Force Participation Rate)
Age PyramidAge Pyramid Labor Force Participation RateLabor Force Participation Rate
http://www.singstat.gov.sg/stats/visualiser/population/population.htmlhttp://www.singstat.gov.sg/stats/visualiser/population/population.html
WHY WE DO IT

41. Singapore Like Most CitiesSingapore Like Most Cities
WHY WE DO IT

42. ““Keep the Money Local”Keep the Money Local”
AttitudeAttitude
The Fundamental Attitudinal ChangeThe Fundamental Attitudinal Change
We Need to AchieveWe Need to Achieve
mindset
mind-set
mentality
outlook
HOW WE DO IT

43. ““Keep the Money Local” AttituKeep the Money Local” Attitudede
If we imagine the any economy to be a bucket withIf we imagine the any economy to be a bucket with
money pouring in from various sectorsmoney pouring in from various sectors
Then it makes good sense for us:Then it makes good sense for us:
– To make sure that we minimize leaks outside our economyTo make sure that we minimize leaks outside our economy
– To ensure that within this economy the money changes handsTo ensure that within this economy the money changes hands
as many times as possibleas many times as possible
Encouraging local expenditure provides jobsEncouraging local expenditure provides jobs
and income for Singaporeand income for Singapore
Ensuring a secure longer term future for local economiesEnsuring a secure longer term future for local economies
HOW WE DO IT

44. An Introduction
Maurice Williams