Presentation on Youth

THE ROLE OF YOUTH & FINANCE
IN MSME DEVELOPMENT

Eleventh Commonwealth-India Small Business Competitiveness Development Programme

Youth Enterprises
Are The Key To Building
a Better World

The Role NGO’s and Self Help Groups need to play
in MSME Development


If I said the word
Australia

What would be the
first picture in your head?


Now if I asked you to think of Sydney

What would that be the
first picture in your mind?


Physically both Sydney
and Australia are
in the same geography

But in your mind they are
in two different places


The point I am making is that
there is a far greater connect
between cities than countries

And the Youth are Talking!

London – Paris – New York
Singapore – Shanghai – Mumbai
Jakarta – Beijing - Bangkok


There is far more Connectivity Between Youth
than is realized


Global Trends impacting
needs and wants
– World Citizens are busy. They want things easy to
buy and understand
– Increasingly people 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


Global Trends impacting
needs and wants
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
(for this discussion I will limit to Singapore Statistics)


Singapore Population is Ageing

Resident Population Old Age Support Ratio Life Expectancy at Birth
Continues to Grow is Reducing is Increasing


LFPR Will Continue to Rise

Age Pyramid Labor Force Participation Rate
http://www.singstat.gov.sg/stats/visualiser/population/population.html


Singapore just like Most Cities


The Singapore Statistics favor Youth Start-ups

• GDP up 10.6% in 3Q2010
• CPI up 3.5% in Oct 2010
• Total Trade up 15.0% in Oct 2010
• Index of Industrial Production up 31.0% in Oct 2010
• Retail Sales up 0.3% in Sep 2010
• Total Population was 5.08 million in Jun 2010
• Employment was 3.08 million in Sep 2010
• Unemployment Rate (SA) was 2.1% in Sep 2010


Timing is Ripe for focus on
Youth Businesses

Pre-financial crises corporations were all about:

– Consolidating for bigger market shares
– Commanding bigger geographic footprints
– They were mostly concerted on diversification:
– Short-term gains


Timing Is Ripe for focus on
Youth Business’

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


Investment in Youth Businesses'

The recent world-wide economic crises has helped consolidated
consumer and business convention

Paving the way for
A New Wave of Business Enterprise


“Keep the money local” attitude

The fundamental attitudinal change
we need to achieve

mindset
mentality

mind-set
outlook


“Keep the money local” attitude
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


Benefits of developing
Youth Business
• 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


The Youth Business
Is a Country Investment


The Organizational Difference
the Youth Business Programs
must Preserve

Structure Values
with Single vary with
Bottom Line people
Youth Business

Structure with
Youth
Business
Youth:
Board &
Regular Business
Goals & Manageme
-nt (NGO.) In youth business the kids grow up and
Values leave but the fundamentals prevail.
Imbedded In all cases the structure must support
the original goals and values


Youth Business Strategy
requires support
Social Goals

Commercial Success Competitive Advantage


If Youth Business is to be successful

Governments & NGO’s Role
Need to promote and develop Youth Business as
sustainable enterprises that address Social and
Economic needs through the principle of self and
mutual help so as to foster a more resilient society

STRATEGIC INTENT
Elevate & Establish Youth Business
by dominating society mindshare
and perceptions


The Sequence of Shifts the Movement
and Program must Evolve

Youth Business Youth Business
operating on a as a tangible Youth Business
connective business resource a jump start
network City-City In each City


The Audiences the Program
Program must Impact
All Known Youth
Youth Business
Business Members
Industry’s
Where Youth
YOUTH Business Exist
BUSINESS
NGO Singapore
Public Youth

Social International
Enterprises Public


4 Young Entrepreneurs
1 Dream
2.5 Million Singapore Dollars

No. 4 ?


Spring Singapore
• 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)

http://www.spring.gov.sg/Entrepreneurship/FS/FS/Pages/young-entrepreneurs-scheme-start-ups.aspx


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.


Thank you for your kind attention

Please do allow me introduce the first of our speakers this morning

Mr. B N Das
Chief Executive Officer
Orissa Rural
Development & Marketing Society


Presentation on Youth

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