- A report on whether there is an interest among Poly students in starting up a business.
Grants provided by Government.
Government aims to provide mentor-ship and start-up capital grants to first-time entrepreneurs.
Mentors come from various areas in the Singapore start-up scene, including financial technology, cyber-security and data analytics.
S$20 million has been set aside over 5 years to support this program.
More encouraged to "Be your own boss" (passion)
- Student not given enough opportunity to start up business. (RECOMMENDATION)
Plan: 1 class will start up a booth every week to sell items or provide service.
Young Singaporeans 'more open to entrepreneurship'
Every class will be assign a few times throughout the year to set up their small booth.
Polytechnic students have skill-based learning (experience)
This will keep student on the track to constantly think of another project.
Drawing on her own experience as a former Economic Development Board (EDB) director, she told participants at a youth entrepreneurship event yesterday that attitudes towards failure have improved considerably from the situation in 2001.
The funds collected will be used in the future when students want to start up their own businesses.
She said youth have also become "very open-minded" about their choices in life, seeking paths that deviate from conventional routes like working in the civil service or multi-national corporations.
Student's Educational Upbringing:
Mr Yeo Khee Leng, chief executive of NTUC Club, agreed, noting that there has been more interest in entrepreneurship among students.
"More youth are taking the unconventional route," he noted, citing the rise in participants from 80 at the inaugural symposium in 2007 to 350 this year as testament to how interest has grown..."
Students lack the sense of entrepreneurship.
Entrepreneurship is not well-known among Singaporeans.
This will cause the students to be too scared to take risks in the future as they will fear failure.
This results in lower levels of creativity and experience
They will lean towards the Corporate Lifestyle than choose to Start-up their own businesses.
This will cause Singapore to have limited corporate creativity, and a much more boring economy
This then makes student's thinking very uncreative and therefore the start up of a business would be harder and so the upbringing of entrepreneurship in students would be harder.
This then makes us feel like we must always work under people, as the system only trains us to study and make sure we get good grades for the teachers.
Print success stories of Singaporean entrepreneurs (eg. George Quek, founder of bread-talk) and paste them on the walls of TP to encourage students.
Create campaigns or give talks by well-known bosses such as Benny Se Teo (founder of 18 chefs) to encourage TP students to start up their own businesses.
Create a video on youtube to promote entrepreneurship to TP student
Singaporeans are now more open to entrepreneurship and risk-taking and less uptight about failure, said Ms Low Yen Ling, Parliamentary Secretary for Education and Trade and Industry.
SPRING Singapore has appointed an initial batch of 17 mentors to guide entrepreneurs under the Startup SG Founder scheme.
Due to Singapore's education upbringing, they force students to think very rigidly, and this education system does not train us students to think out of the box.