Nature of Event:
The Maybank – MoneyTree Young Entrepreneur Startup Challenge is focused on helping future Entrepreneurs launch new ideas that could ultimately be turned into profitable ventures. This challenge would allow young Entrepreneurs / aspiring Entrepreneurs to not only learn skills that would sharpen their Entrepreneurial mindsets, but to also provide them with the opportunity to experience the practical applications of the Entrepreneurial skills they have acquired through the MoneyTree Entrepreneur Fast Track program.
Objective of YES Challenge:
To create a platform in which youths aged 17 – 24 are given the opportunity to:
- Acquire the knowledge and skills to start and operate a business
- Have a hands on feel as to what it takes to run a business / project
- Acquire the ability to generate ideas and evaluate their commercial viability
- Focus on creating a profitable enterprise / venture
- Experience pitching for funds to finance their enterprise
Target Audience / Requirements and Territorial Focus:
- Youths aged 17 – 24 from Klang Valley (1st phase) – Will subsequently be expanded to other parts of the country in the next phase.
- Education: Minimum Form 5
- Language Proficiency: Fluent in English
- Have attended the MoneyTree Entrepreneur 1-day Fast Track Program
Mechanics of Challenge:
The nature of this challenge is as close as it can get to the real world of Technopreneurship / Entrepreneurship. Technopreneur / Entrepreneur aspirants would be required to not only generate ideas that would attract investors, but to also follow through to make it into a profitable business / venture.
Detailed mechanics of the YES Challenge will be released at a later stage:
Participating Parties:
MoneyTree has invited a mix of representatives from Government Agencies, Private Sector and even Private Investors to be part of our panel of Mentors and Advisors. We also have two Government Agencies, five Education Institutions, three Corporations and several Independent Entrepreneurs who have agreed to be Partners with MoneyTree on the YES Challenge.
Grand Prize:
RM 20,000 in Cash and Prizes
Be promoted as the next “Malaysian Entrepreneur Idol” whereby the members of the winning team(s) would be taken on Roadshows to all participating Colleges and Universities to speak to their peers and share their experience in Youth Entrepreneurship and also be featured on Newspapers, Magazines, TV, Radio, Online Magazines and on the Internet.
In short, the members of the winning team(s) WILL be made famous and would have the opportunity to scale their businesses to a higher level.
Registration Fee (per team consisting 3 – 4 persons):
RM 600 (the fee includes a 1-Day MoneyTree Entrepreneur Program, Mentorship, Support and an Opportunity to start your own business)
For more information regarding YES, please contact uV @ +6012 293 5116 or write to him at uvwong@moneytree.my
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