Our Programmes
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The YBS Entrepreneurship Programme

 

Business Loans and/or Grants

  • Receive up to $12,500 per business loan (interest free) from YBS with a repayment period of three years
  • An applicant can apply up to $50,000 grant based on the YES! Start-ups scheme by SPRING

Therefore, you can obtain a business loan of up to $62,500 ($12,500 + $50,000).

Click here to learn more about the application process to become a YBS entrepreneur.

 

Business Mentoring

Besides financial resources, it also takes a community of practitioners to raise a successful youth entrepreneur.

At YBS, we are committed to provide each of our YBS entrepreneurs with a personal mentor who will walk him/her through the start-up phase of the business.  The personal mentor will only be assigned to a YBS entrepreneur after the Loan Selection Panel has awarded him/her a business loan.

Our pool of volunteer business mentors includes both the specialists and personal mentors.  The specialists are domain experts in accounting, marketing, communications and commerce related fields.  All YBS entrepreneurs will have access to these specialist mentors for assistance.

For more information on mentoring click here

To become a Youth Business Singapore Mentor click here

 

Youth Business Exchanges

With an MOU signed with our counterparts from China and India for a learning network between the youth entrepreneurs and mentors of the three countries; a trip to Fujian, China was made from 9 to 16 July 2010, hosted by our counterpart Youth Business China.

 
 
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YBS Educational Outreach Plans

 

Inspirational Assembly Talks in schools 

Successful YBS entrepreneurs may contribute back to the society by sharing their passion for entrepreneurship on an ad-hoc basis in schools to encourage and inspire the young people.  Our volunteer business mentors and consultants are welcome too.

 

Entrepreneurship Talks (for 18-35 years old)

YBS will be starting a series of entrepreneurship talks targeted at unemployed young people (18-35 years old) to raise awareness of entrepreneurship and funding opportunities.  Our motivational speakers come from diverse fields, each with a heartening story to inspire and influence the next wave of entrepreneurs.

 

Entrepreneurship Curriculum (for 14-17 years old)

YBS plans to introduce a modular entrepreneurship curriculum that will meet the requirements by SPRING Singapore.  It is designed as a 3-day workshop for secondary school students age 14-17 years old as part of life skills development.  This curriculum aims to:

  • help students understand entrepreneurship and the different business models
  • train students to prepare their own business plans and financial budgets
  • instill an entrepreneurial and innovative mindset
  • place students in a real-life work situation where they complete a project for a company

For more details on curriculum, please email See Leng at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 
 
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Young Entrepreneurs Scheme For Start-ups

(YES! Startups)  - by Spring Singapore

 

Eligibility

  • Applicant :
    • Singaporean/PR, below 26 years old. Parental consent must be sought for those applicants 18 years old and below on the date of application
    • 1st time entrepreneur
    • key driver in the company
  • Startups :
    • existing business/company is incorporated for less than 6 months
    • company’s main business activities are based in Singapore
    • applicant must hold at least 50% equity
    • engage in high growth activities with substantial developmental contents
    • company has not received funding from the iJam Microfunding scheme

 

Evaluation Criteria

SPRING will evaluate business proposal based on the following criteria:

 

  • Innovativeness of the Business Idea
    How different/novel the idea is against what is already available in the market?
  • Feasibility of the business model
    Is the business model viable and potentially sustainable?
  • Potential market opportunity
    Will the market demand and buy such an item?
  • Management Team
    Are the founders committed to the business and do they demonstrate the passion and entrepreneurial spirit to make their idea work? Do they have the technical and business skills to execute the idea? 

 

 

FAQ

 

1.  How will the funds be disbursed? 

SPRING will check against bank statements of entrepreneur for money raised through self-funding, schools or third-party sources, to proceed with the matching.

 

2.  Will funds be released in tranches or lump sum upfront?

The funds will be released in tranches based on agreed milestones and deliverables. Advance disbursement is on case-to-case basis.


3.  What is the maximum or minimum size of the grant? 

There is a maximum cap of $50,000, there is no minimum set.

 

4.  How long will the application to SPRING take?  

It will take about a month upon receiving the successful applications from YBS.  These are done on an ongoing basis and there is no deadline.

 

All information taken from the SPRING Singapore website.

For more information please go to:

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