PresentationFor PNG Gov.
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Singapore has implemented extensive programs to support youth entrepreneurship and social enterprise as a way to build the economy and society. These include youth business education programs in secondary schools and polytechnics, national service requirements for young men, and significant government and private funding support through 29 funds and various grants. The goal is to provide opportunities for youth to gain skills and experience starting businesses that address social and economic needs while keeping money circulating within the local economy.
PresentationFor PNG Gov.
- 1. Youth Enterprises Are 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
- 2. 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 …..
- 3. There is far more Connectivity Between the Youth than is Realized
- 4. 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
- 5. 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
- 6. Timing Is Ripe for Focus on Youth 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
- 7. 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
- 8. mindset mind-set mentality outlook Items in RED are Singapore Youth & Social Enterprise “Keeps the Money Local” Gov., Corp. and Private Involvement Needed
- 9. “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
- 10. 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
- 11. The New World Economy Realizes Youth Business and Social Enterprise a Country Investment
- 12. Youth Business Regular Business In Youth Business the Kids Grow Up and Leave but the Fundamentals Prevail. In all Cases the Structure must Support the Original Goals and Values To Help these Business Grow Organizational Difference the Youth Business Programs must Preserve
- 13. The Community must Realize Youth Business Strategy Requires Support
- 14. In Singapore we are still Working at it Strategic IntentStrategic Intent Elevate & Establish Youth BusinessElevate & Establish Youth Business by dominating society mindshareby dominating society mindshare and perceptionsand perceptions Governments & NGO’s RoleGovernments & NGO’s Role Need to promote and develop Youth BusinessNeed to promote and develop Youth Business as sustainable enterprises that addressas 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
- 15. 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
- 16. 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
- 17. 5 Singapore Polytechnics 25 000 Students, 50 Full Time Courses
- 18. 3 Main Regional Training Complexes with Multiple Satellite Centers 30 000 Students, 80+ Full Time Courses
- 19. Singapore Management of Youth EverySingaporeanSononNationalGeographicChannel.flv Full Time National Service Every Singapore Boy aged 18+ Serves 2 – 2 Half Years Army Navy AirForce Civil Defence Police
- 20. 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.
- 21. 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.
- 22. MCYS Persona Reaching the Youth
- 23. Singapore Management of Social Enterprise 29 Types of Funds, 74 Members, Private & Gov. Support
- 24. 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
- 25. Youth Business Singapore / Heartware Network Private Charity Supporting Youth Endeavors Offering Mentorship / Funding / Resources
- 26. 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)
- 27. 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.
- 28. I would like to Show You The New World our Youth needs to Compete in mauricewilliams.esq@gmail.com I Hope I have been of some assistance to the Ministry for Community Development National Youth Commission Office of the Commissioner NCD Papua New Guinea Thank You Did You Know_.flv