Beginnings

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. 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. Youth Business Singapore

4. YBS Entrepreneur

5. YBS in Action

6. Does The World Truly Appreciate The Benefits … Youth Entrepreneurship Youth Enterprise Youth Employment

7. What Does Youth Entrepreneurship Enterprise and Employment Really Build? • 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 Youth Business is Reallyabout Country Investment

8. Youth EnterprisesAre The Key to Building a Better World Investing in Youth Entrepreneurship & Enterprise Why and How? A Singapore Perspective

9. If I said the Country Australia What would be the First Picture in Your Head?

11. Now if I asked you to Think of Sydney What would that be the First Picture in Your Mind?

13. Physically both Sydneyand Australia are in the Same Geography But in your Mind they are in Two Different Places!

14. 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 Seoul – Beijing – Tokyo Port Vila – Honiara -- Suva

15. There is far more Connectivity Between the Youth than is Realized

16. The New Generation is about Being Right Here and Right Now • 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

17. The Rebirth of Spring HOW WE DO IT 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.

18. Finance RequirementsFor Youth Entrepreneurship HOW WE DO IT

19. Engaging Youth WithExisting Enterprise & Industry HOW WE DO IT

20. Ensuring Youth Enterprise Meets The New World

21. Establishing The Youth Connection Early

22. 3 Young Entrepreneurs 1.5 Million Singapore Dollars

23. Youth Business Strategy Requires Support

24. The Sequence of Shifts the Movement and Program must Evolve Youth Business a Jump Start Youth Business Operating on a Connective Network City-City Youth Business as a Tangible Business Resource In each City

25. 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.

26. 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

27. Thank You mauricewilliams.esq@gmail.com

30. TheSingapore Statistics Favored Youth Start-ups • GDP up 10.6% in 3Q 2010 • 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

31. Youth Business is a Country Investment WHY WE DO IT

32. The Organizational Differencethe Youth Business Programs Must Preserve 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

33. The Audiences the Program Must Impact

34. The Timing is Ripe for Youth Business Now! HOW WE DO IT 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

35. The Timing is Ripe for Youth Business Now! HOW WE DO IT 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

36. Investment in Youth Businesses is Relevant HOW WE DO IT Keeping the Money Local Paving the Way for Youth Enterprise Entrepreneurship Employment

37. 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

38. Global Trends are 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 The presentation to follow illustrates Why & How Singapore Invests in Youth

39. Singapore Population is Ageing WHY WE DO IT Resident Population Continues to Grow Old Age Support Ratio is Reducing Life Expectancy at Birth is Increasing

40. LFPR Will Continue to Rise(Labor Force Participation Rate) WHY WE DO IT Age Pyramid Labor Force Participation Rate http://www.singstat.gov.sg/stats/visualiser/population/population.html

41. Singapore Like Most Cities WHY WE DO IT

42. “Keep the Money Local” Attitude HOW WE DO IT The Fundamental Attitudinal Change We Need to Achieve mindset mentality mind-set outlook

43. “Keep the Money Local” Attitude HOW WE DO IT 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

44. An Introduction Maurice Williams