YES competition to assist young Sarawakian entrepreneurs
SIBU: Young Entrepreneur Committee ( YEC) under Sibu Chinese Chamber of Commerce and Industry (SCCCI) is organising Young Entrepreneur Sarawak ( YES) competition which is open to all Sarawakians.
According to YEC president Dr Renco Yong they are targeting participants with 100 new or enhanced business ideas or models.
“Potential young entrepreneurs with their own business ideas will beprovidedwithtrainingincluding business planning, equity allocation, entrepreneurship, presentation, financial planning and strategy, social media and internet marketing,” he said when officiating at the Facebook marketing workshop held at SCCCI’s premises here on Saturday evening.
Managing Director of Symmetry Marketing Academy, Penang, William Cheong who has been an Internet entrepreneur since 2014 was the speaker at the workshop.
YEC was established in January this year to unite and develop young entrepreneurs in Sibu Central Region for business and networking as well as to enhance skill and knowledge to be competitive.
Yong, who is also the secretary of Sibu Shipyards Association said the competition will be held in three rounds to select 10 finalists. The first two rounds will be held in November with the final to be held in December in Sibu.
He added that finalists will have to present their business models which must be doable and profitable and training will be provided by experts throughout the duration of the competition.
He said a full colour magazine of the new business ideas will be printed and presented.
The competition offers RM 30,000 for the best business model, with two prizes for creativity and best team work worth RM 8,000 each, according to Yong.
“We often encourage talented people to go to Kuala Lumpur, Kota Kinabalu or Singapore for better opportunities. Now, we have to change our mind set and stay to contribute to Sarawak.
“Many young entrepreneurs may not have the capital, network, platform, connection or assistance to kick start your own business. YES competition is the best channel not only to compete but to know 100 new business ideas and meet with experts who are successful businessmen and young entrepreneurs.
The closing date for registration is Oct 20 or when 100 entries have been received.
Those interested may register at YEC in SCCCI office by contacting 084- 326959 or email to sibuccci@ gmail.com.