03 Aug '11, 9pm

Reaching out to young entrepreneurs

SINGAPORE - More young entrepreneurs are seeking funding to kick-start their businesses this year and financial firms are reaching out to these individuals to make their assistance more accessible. For the first half of this year, SPRING Singapore received 90 applications for its Young Entrepreneurs Scheme for Start-ups (YES! Start-ups) programme. The programme grants up to $50,000 per start-up where SPRING provides a S$4 grant to match every S$1 raised by young entrepreneurs under 26-years-old with innovative business ideas. "There appears to be a significant increase this year compared to 2009 and 2010, where we saw about 120 applications each year," SPRING said in response to inquiries by MediaCorp. The agency has approved 97 applications and supported some 136 youths since the programme was launched in 2008. Despite global economic uncertainties, business owners appear...

Full article: http://www.todayonline.com/Business/SME/EDC110804-0000215...

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