17 Jul 2015

Get Inspired, Get Skilled and Get Started at the 8th Youth Entrepreneurship Symposium 2015

Singapore, 17 June 2015 – 450 participants at nEbO’s Youth Entrepreneurship Symposium (YES) 2015 have the chance of a lifetime to vie for mentorship from successful entrepreneurs. This coveted opportunity will go to the top 3 teams in the Quick Pitch challenge. The spirit of entrepreneurship will be imparted to the youths during this 3-day symposium which empowered them to Get Inspired, Get Skilled, and Get Started on their entrepreneurship journey.

This year’s YES was also wholly organised by youths from five local polytechnics’ entrepreneur clubs: Singapore Polytechnic Student Entrepreneur Club (SPSEC), Youth Entrepreneurship & Co-op Interest Group (YEC IG) from Republic Polytechnic, Ngee Ann Polytechnic Student Entrepreneurship Club (SEC), Nanyang Polytechnic Entrepreneurship Club and Temasek Polytechnic Entrepreneurship Club. As the community for youths in the Labour Movement, nEbO takes pride in grooming youth leaders and letting them initiate and plan such events, creating a vibrant community powered by youth, for youth.

Initially conceived for JC students to discover more about entrepreneurship, YES progressed from business workshops to providing startup templates and mentorship this 8th year, attracting more than double the participants from various polytechnics, ITEs, and even overseas undergrads. Participants attended workshops on current trending businesses such as E-Commerce and Social Enterprise, and had the chance to network with and learn from inspiring guest speakers.

Participants also learnt about the Lean Canvas Model, which is a start-up template for businesses. Awards such as best presentation, best innovative idea and best Lean Canvas Model were given out and participants had the chance to pitch their business ideas to a panel of successful entrepreneurs. What’s new this year is that the top 3 winners from this Quick Pitch challenge received mentorship from the judges, who are successful entrepreneurs themselves. The mentorship will help to develop the winners’ business models and is a rare opportunity for them to Get Started and realise their entrepreneurial dreams.

“At YES, we bring together youths and successful businesspeople passionate about entrepreneurship, to share their passion, skills and experiences. Beyond inspiring our young people, we want to give them the right start-up skills and template needed to go forth and start their own dream business. We are excited about the mentorship offer to the top 3 teams this year, because we believe that this will grow the youths and shape their businesses into successful models for others to emulate,” said Ms Lim Kay Min, Director, Community Engagement & Membership, NTUC Club

Successful young entrepreneurs shared their experiences and business strategies with the participants. One such speaker was Wong Wei Long, founder and director of Scholar-Athlete Basketball Academy. The 26 year-old NTU undergrad started his pro-league career with the Singapore Slingers in 2011. Wei Long and his Singapore National Men’s Team members had won the first bronze medal in the Southeast Asia Games (SEA games) 2013 for Singapore after a 34-year drought.

Aside from being a national sportsman, Wei Long is also an entrepreneur. He has been actively coaching both primary and secondary schools students and he set up this academy to conduct basketball clinics for individuals who are keen on improving their skills. He said, “Setting up a business requires patience, perseverance and discipline. Your monthly income will fluctuate and you wouldn't know when your business will stabilise. There are many uncertainties, and after studying so hard for so many years in university, not many will take the risk to set up a business immediately. Thus, perseverance is the only word that can describe my feelings when I first started this basketball academy. It’s been seven months since I started this business, and there are still uncertainties but it’s definitely getting better as the days pass.”

In this age where technology and the fast-changing economic environment are reinventing the ways we do business, YES equipped participants with Future-ready skills like being resilient and innovative thinking, so that they can grow a sustainable start-up and succeed in the ever-changing workplace. In the Get Skilled segment, youths attended workshops such as Habits of Success and How to Build a Good Team, and learnt core business skills such as Financial Literacy, Business Legal and Branding.


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