presentation on youth

Eleventh Commonwealth-India Small Business Competitiveness Development Programme

THE ROLE OF YOUTH & FINANCE IN MSME DEVELOPMENT


Youth EnterprisesAre 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)


Resident Population Continues to Grow

Old Age Support Ratio is Reducing

Life Expectancy at Birthis Increasing

Singapore Population is Ageing


LFPR Will Continue to Rise

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

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 onYouth 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

mind-set

mentality

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 developingYouth 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 Differencethe Youth Business Programs

must Preserve

Structure with Youth Business Goals & Values Imbedded

Youth: Board & Manageme-nt (NGO.)

Structure with Single Bottom Line

Values vary with peopleYouth Business

Regular Business

In youth business the kids grow up andleave but the fundamentals prevail.

In all cases the structure must support the original goals and values


Youth Business Strategy requires support

Social Goals

Competitive AdvantageCommercial Success


If Youth Business is to be successful

Governments & NGO’s RoleNeed 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 INTENTElevate & Establish Youth Business

by dominating society mindshare and perceptions


The Sequence of Shifts the Movement and Program must Evolve

Youth Businessa jump start

Youth Businessas a tangible business resourceIn each City

Youth Businessoperating on aconnectivenetwork City-City


The Audiences the Program Program must Impact

YOUTH BUSINESS

NGO

All Known Youth

Business

Youth Business Members

Industry’s Where Youth

Business Exist

Singapore Public Youth

Social Enterprises

International Public


4 Young Entrepreneurs 1 Dream

2.5 Million Singapore Dollars

No. 4 ?

http://www.ida.gov.sg/

http://www.mda.gov.sg/wms.www/index.aspx


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

http://www.spring.gov.sg/entrepreneurship/fs/fs/pages/business-angel-funds.aspx

http://www.spring.gov.sg/entrepreneurship/fs/fs/pages/spring-start-up-enterprise-development-scheme.aspx



http://www.spring.gov.sg/enterpriseindustry/tecs/pages/technology-enterprise-commercialisation-scheme.aspx

http://www.spring.gov.sg/entrepreneurship/fs/fs/pages/young-entrepreneurs-scheme-start-ups.aspx

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 DasChief Executive Officer

Orissa Rural Development & Marketing Society

presentation on youth

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