Singapore Indian Chamber of Commerce and Industry (SICCI) Youth Enterprise Awards 2011
On May 2011, the Singapore Indian Chamber of Commerce (“SICCI”), announced the launch of the Singapore Youth Enterprise Awards, a competition for youth between the ages of 17 to 26.
This competition is part of SICCI’s efforts to encourage the development of the entrepreneurial spirit amongst Singaporean youth. It was a tough battle across teams comprising undergraduates from different universities and polytechnics as well as budding entrepreneurs. Each team had to submit its business plan, make a 5-minute pitch of its business ideas and manage a difficult 30-minute Q & A session chaired by a panel of experienced entrepreneurs and venture capitalists.
Our team of final-year students emerged first runner-up with their well-though out business ideas and plan, their impressive presentation and ability to manage the Q & A session. This team comprised two Diploma in Business Administration(DBA) students (Nazneen Mohsina and Geraldine Quek Pei Qi) and a Diploma in Banking and Finance(DBF) student (Muhammad Imran bin Ridzuan). They learned how to create business plans from their module, “New Venture Planning”. The team also benefitted from the contributions of two other students, Tan Chi Koong and Lu Shi Xin, both from DBF.
At the SICCI’s 87th anniversary dinner on 27th September 2011, the team was presented with a plaque, a certificate and a cash prize of $2000 for first runner-up placing.
Nazneen commented “It was an awesome experience. I've learnt that we should trust our instincts and just give it our best shot when we're nervous. It certainly boosted my confidence level!”