School of Business students set up shop in Bugis street as part of their Entrepreneurship Concentration.
For a select group of students from the School of Business, when the new semester starts in November, a regular school day means that they will be spending their school hours at Bugis Street instead of attending classes.
In fact, they do not have to go for classes at all. All they need to do is to run their business and make sure that this is done well.
Under the new Entrepreneurship Concentration under the Diploma course in Business Administration, students have to start a business and run it.
And the revitalised Bugis Street will be one of the venues of their start-ups.
An agreement was signed between Bugis Street Developments Pte Ltd and Singapore Polytechnic: Bugis Street will provide SP with a 65-square-foot shop space rent-free for one year.
Located on level two of Bugis Street, the shop is aptly named "SPlace". But not all students under the Entrepreneurship Concentration will be given this free shop space. The students will need to prove themselves, according to Mr John Foo, the section head for Business Development, School of Business.
"Only the group with the most creative idea will have the privilege of setting up their business in the rent-free space," said Mr Foo.
So far, seven groups of students have submitted proposals to their lecturers, each making a case on why it should be allowed to use the space. But in the meantime, the shop space is not left unutilised.
From 1 Oct, second-year Retail Management students from the School of Business will set up store, putting into practice the various aspects of retailing that they have learnt in the classroom. Students will be responsible for the operation, planning and even the design of the shop-front.
Operating a shop is not something new for them. Retail Management students operate the "Retail Place" a shop-front on campus. But this time round, they have to compete with other real shops that operate in Bugis.
"At school, there is no competition from other stalls. Sometimes, students and lecturers will buy from us out of goodwill. Here we are basically on our own," said second-year Retail Management student, Ang Chiew Ting.
For the month of October, the shop will be selling clothing and accessories for women and will operate from 2pm to 10pm, seven days a week.