Polytechnics, ITE colleges, junior colleges and secondary schools can now tap on a $4.5 million fund to develop programmes and activities to engage students in entrepreneurship learning opportunities.
The Young Entrepreneurs Scheme for Schools or YES! taps on the $25 million Entrepreneurial Talent Development Fund (ETDF). ETDF, which was first launched in July 2004, provides seed money to students with sound business plans. To-date, 117 students and alumni from nine polytechnics and universities have tapped on the fund for 46 business ventures.
Available over a five-year period, YES! Schools will provide full funding to support structured entrepreneurial learning activities in schools. Each year, the schools will have the following amounts to tap on to fund their projects:
Up to $100,000 per polytechnic
Up to $50,000 per ITE college
Up to $10,000 per junior college/secondary school
Through YES! Schools, SPRING Singapore, with the support of the Ministry of Education, will support schools that have a comprehensive plan to develop entrepreneurial mindsets and skills through ‘learning by doing’.
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“Singapore needs to have more of our homegrown enterprises with their own creative and innovative products and services competing in the world market. While SPRING has put in place schemes to groom start-ups and young companies, we need to go back one step and look at encouraging our youths to be more innovative and entrepreneurial and there is no better place to start than the schools.
The YES! Schools will help to increase awareness of entrepreneurship among youths and educators and inspire our young people to try out new ideas”
- Mr Png Cheong Boon, Chief Executive, SPRING Singapore |
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Schools interested in applying for YES! Schools can do so from 1 November by contacting SPRING at this email - yes_schools@spring.gov.sg
(Report is from www.spring.gov.sg)
