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 more years of living to get by, it may be opportune for Spring Singapore to consider setting up a similar scheme for the oldies who still need to earn a living or who may want to try out something new in the new phase of their lives. Life does not end after 55 or after retirement. A new pool of manpower that is self employed and not dependent on applying for jobs and would not stress up the job market. The above criteria may have to be amended to suit the background and experience of the oldies. There are more and more of them coming into the workforce but only to hit the great wall of corporate Singapore that sees nothing good except youth. YES, youth is what living is all about. How about a little thought for the oldies, the yodas? Have another version of YES, Yoda Enterpreneurs Scheme, for the ‘has beens’ may be timely given the govt’s push for the oldies to be independent, resourceful and be useful to themselves and society. There are many campaigns to teach the oldies how to keep themselves alive and active, but unproductive. They are still dependent on their CPF and savings to carry on. Boon Heng may have slipped his mind on how to make the oldies young entrepreneurs again and live life to the fullest, and be useful and creative again. Just make sure they don’t indulge in it in the biological sense.