Beginnings
• RSAF – Pilot
• Advertising – Account Director
• MediaCorpTV – Assistant Vice President, Airtime
• TVMobile – ...
In Between Golf, Mountain Biking
and Travelling
• Completing MBA, U21 Global
• Practicing Mgt. Consultant (PMC)
• Inst. Of...
Youth Business Singapore
YBS Entrepreneur
YBS in Action
Does The World Truly
Appreciate The Benefits …
Youth Entrepreneurship
Youth Enterprise
Youth Employment
What Does Youth Entrepreneurship EnterpriseWhat Does Youth Entrepreneurship Enterprise
and Employment Really Build?and Emp...
Youth EnterprisesYouth Enterprises
Are The Key to BuildingAre The Key to Building
a Better Worlda Better World
Investing i...
If I said the CountryIf I said the Country
AustraliaAustralia
What would be theWhat would be the
First Picture in Your Hea...
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 Mi...
Physically bothPhysically both
SydneySydney and Australia areand Australia are
in the Same Geographyin the Same Geography
...
The Point I am making is thatThe Point I am making is that
there is a Far Greater Connectthere is a Far Greater Connect
be...
There is far more Connectivity BetweenThere is far more Connectivity Between
the Youth than is Realizedthe Youth than is R...
– World Citizens are busy. They want things easy toWorld Citizens are busy. They want things easy to
buy and understandbuy...
SPRING Singapore is the enterprise development agency responsible for helping Singapore enterprises grow. We work with par...
Finance RequirementsFinance Requirements
For Youth EntrepreneurshipFor Youth Entrepreneurship
HOW WE DO IT
Engaging Youth WithEngaging Youth With
Existing Enterprise & IndustryExisting Enterprise & Industry
HOW WE DO IT
Ensuring Youth Enterprise Meets The New WorldEnsuring Youth Enterprise Meets The New World
Establishing The Youth Connection EarlyEstablishing The Youth Connection Early
3 Young Entrepreneurs3 Young Entrepreneurs
1.5 Million Singapore Dollars1.5 Million Singapore Dollars
Youth Business StrategyYouth Business Strategy
Requires SupportRequires Support
The Sequence of Shifts the MovementThe Sequence of Shifts the Movement
and Program must Evolveand Program must Evolve
Yout...
174 Start-Ups174 Start-Ups
Receive Seed Funding HelpReceive Seed Funding Help
THE Government last yearTHE Government last ...
If Youth Business isIf Youth Business is
to be Successfulto be Successful
Governments & NGO’s RoleGovernments & NGO’s Role...
mauricewilliams.esq@gmail.com
Thank You
TheThe SinSingapore Statistics Favored Youth Start-upsgapore Statistics Favored Youth Start-ups
• GDP up 10.6% in 3Q 2010G...
Youth Business isYouth Business is
a Country Investmenta Country Investment
WHY WE DO IT
The Organizational DifferenceThe Organizational Difference
the Youth Business Programsthe Youth Business Programs
Must Pre...
The AudiencesThe Audiences
the Program Must Impactthe Program Must Impact
The Timing is Ripe forThe Timing is Ripe for
Youth Business Now!Youth Business Now!
Pre-financial crises corporations were...
The Timing is Ripe forThe Timing is Ripe for
Youth Business Now!Youth Business Now!
Post-crises it is now about:Post-crise...
Investment inInvestment in
Youth Businesses is RelevantYouth Businesses is Relevant
Keeping the Money LocalKeeping the Mon...
Spring SingaporeSpring Singapore
• Financing SchemesFinancing Schemes
– Business Angel Funds (BAF)Business Angel Funds (BA...
Global TreGlobal Trends are Impactingnds are Impacting
NeedNeeds and Wantss and Wants
Dictating what and where will be bou...
Singapore Population is AgeingSingapore Population is Ageing
Resident PopulationResident Population
Continues to GrowConti...
LFPR Will Continue to RiseLFPR Will Continue to Rise
(Labor Force Participation Rate)(Labor Force Participation Rate)
Age ...
Singapore Like Most CitiesSingapore Like Most Cities
WHY WE DO IT
““Keep the Money Local”Keep the Money Local”
AttitudeAttitude
The Fundamental Attitudinal ChangeThe Fundamental Attitudina...
““Keep the Money Local” AttituKeep the Money Local” Attitudede
If we imagine the any economy to be a bucket withIf we imag...
An Introduction
Maurice Williams
Presentation to Commonwealth Secretariat
Presentation to Commonwealth Secretariat
Presentation to Commonwealth Secretariat
Presentation to Commonwealth Secretariat
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Presentation to Commonwealth Secretariat

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Presentation to Commonwealth Secretariat

  1. 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. 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. 3. Youth Business Singapore
  4. 4. YBS Entrepreneur
  5. 5. YBS in Action
  6. 6. Does The World Truly Appreciate The Benefits … Youth Entrepreneurship Youth Enterprise Youth Employment
  7. 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. 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. 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?
  10. 10. 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?
  11. 11. 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!
  12. 12. 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
  13. 13. There is far more Connectivity BetweenThere is far more Connectivity Between the Youth than is Realizedthe Youth than is Realized
  14. 14. – 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
  15. 15. 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
  16. 16. Finance RequirementsFinance Requirements For Youth EntrepreneurshipFor Youth Entrepreneurship HOW WE DO IT
  17. 17. Engaging Youth WithEngaging Youth With Existing Enterprise & IndustryExisting Enterprise & Industry HOW WE DO IT
  18. 18. Ensuring Youth Enterprise Meets The New WorldEnsuring Youth Enterprise Meets The New World
  19. 19. Establishing The Youth Connection EarlyEstablishing The Youth Connection Early
  20. 20. 3 Young Entrepreneurs3 Young Entrepreneurs 1.5 Million Singapore Dollars1.5 Million Singapore Dollars
  21. 21. Youth Business StrategyYouth Business Strategy Requires SupportRequires Support
  22. 22. 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
  23. 23. 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.
  24. 24. 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
  25. 25. mauricewilliams.esq@gmail.com Thank You
  26. 26. 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
  27. 27. Youth Business isYouth Business is a Country Investmenta Country Investment WHY WE DO IT
  28. 28. 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
  29. 29. The AudiencesThe Audiences the Program Must Impactthe Program Must Impact
  30. 30. 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
  31. 31. 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
  32. 32. 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
  33. 33. 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
  34. 34. 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
  35. 35. 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
  36. 36. 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
  37. 37. Singapore Like Most CitiesSingapore Like Most Cities WHY WE DO IT
  38. 38. ““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
  39. 39. ““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
  40. 40. An Introduction Maurice Williams

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