Start-Up@Singapore 2008 Official Launch
October 17, 2007 by Start-Up@Singapore
â€œDonâ€™t stop where you areâ€¦ grow over each other.â€ – Mr. Michael Yap. Start â€“Up@Singapore 2008, a highly-coveted business plan competition is heading into its 9th year with a blast. The Official Launch was held at Singtel hello! Comcentre near Somerset MRT. This officially marks the start of a new year with new goals and peaks to be met for both the organizing committee, as well as the many budding entrepreneurs who will be participating this year. Gracing the Official Launch was Mr. Michael Yap, Deputy CEO of the Media Development Authority (MDA) and Executive Director of the Interactive Digital Media (IDM) R&D Programme Office.
Despite a heavy downpour around town, VIPs and guests started arriving as early as 2.30p.m. It was not long before the theatrette was filled to the brim. Upon arrival of the Guest of Honour, Mr. Michael Yap, the event started off with a presentation by the leads, Mr. Veerappan Swaminathan, Ms. Lee Minxuan and Mr. Vikram Parsani. It was indeed â€œA new year, a new experienceâ€. With 234 teams and 902 participants last year, the Start-Up@Singapore committee foresees more budding entrepreneurs to participate in this yearâ€™s S@S and with that, more newly-formed start-up companies to be added on to the 60 companies that have already been formed through S@S.
After the presentation by the leads, Mr. Michael Yap gave his opening address. Commenting on the maturing entrepreneur scene in Singapore, he was impressed that 80% of the participants are below 18 years old, and felt that entrepreneurship should not be restricted to adults. Hence, from this year onwards, S@S will be having its Youth Category where all team members have to be under 25 years of age. With that, S@S will also be having its first Youth Bootcamp on the 14th and 15th December 2007. In his address, Mr. Michael Yap also mentioned plans of MDA to promote Interactive Digital Media (IDM) in Singapore. About S$500 million will be channelled into IDM projects over the next 5 years. He also went on to say that IDM efforts will too benefit startups as technology is a basic prerequisite for any startups. As quoted from Mr. Michael Yap, â€œNothing beats the fact that you need IT to keep going.â€
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