YES! Startups Scheme:

I read about this scheme in the Sunday Times. YES stands for Youth Entrepreneurs Scheme. It is a scheme specially designed to help young people to start their own business, and many young entrepreneurs have done that. Started in 2008, the scheme has given grants to 72 applicants worth $3.5m. To be eligible for the scheme the applicants must qualify under the following criteria, • 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 This is a good scheme as it opens up another avenue to the young people instead of applying to become employees. It encourages entrepreneurship, self employment and risk taking. In view of the healthy pool of retirees that are unwanted as employees, and with the understanding that they have another 15 or 20 mo...

Full article: http://mysingaporenews.blogspot.com/2011/03/yes-startups-...

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More funds on tap for start-ups

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Mr Shannon Lim (left) and Ms Ng Cai Lin, the founders of Artyii, received funding from government schemes. Their business ...

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todayonline.com 25 Mar '11, 9pm

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