Singapore Polytechnic is taking a bold step to cultivate entrepreneurial talent right from the start of students’ academic journeys. The new BETA Programme is designed to immerse Year 1 business students in the practical aspects of launching and managing a business, providing them with the tools and support needed to navigate the complexities of the business world.
“Our students must understand how even small business decisions can significantly impact communities and stakeholders,” said Soh Wai Wah, Principal and CEO of Singapore Polytechnic. “We aim to empower them to not only build profitable businesses but also drive positive social change within their communities.”
Hands-On Venture Creation and Mentorship
The BETA Programme stands out by offering a blend of hands-on venture creation and mentorship from industry veterans. This combination ensures that students not only develop theoretical knowledge but also gain practical experience in building and sustaining businesses.
- Venture Creation: Students will work on real-world projects, developing business plans, and launching their ventures with the guidance of experienced mentors.
- Industry Mentorship: Partnering with leaders from various industries, the programme provides students with insights and advice that bridge the gap between academic learning and professional practice.
- Seed Funding: Each Year 1 business student will receive $1,000 in seed funding to kickstart their ventures, fostering a spirit of innovation and risk-taking.
Strategic Partnerships for Comprehensive Support
The success of the BETA Programme is bolstered by strategic partnerships with the National Volunteer & Philanthropy Centre (NVPC) and Mentoring SG. These collaborations bring a wealth of resources and expertise, enhancing the programme’s ability to deliver a well-rounded educational experience.
Benefits of the Partnerships:
- Industry Exposure: Through the MOU signed with NVPC, students gain access to industry events, workshops, and networking opportunities that are crucial for their professional growth.
- Experiential Learning: The integration of hands-on projects and real-world challenges ensures that students can apply their classroom knowledge in practical settings.
- Continuing Education and Training (CET): Ongoing training opportunities are provided to help students stay updated with the latest trends and technologies in the business world.
Fostering a Culture of Innovation and Social Responsibility
Beyond business acumen, the BETA Programme emphasizes the importance of social responsibility and ethical decision-making. Students are encouraged to consider the broader impact of their business ventures on society and the environment, aligning with Singapore Polytechnic’s commitment to fostering responsible leaders.
“By integrating sustainability and ethical practices into their ventures, our students are better prepared to contribute positively to society,” added Soh Wai Wah. “This holistic approach ensures that our graduates are not only successful entrepreneurs but also conscientious citizens.”
Success Stories and Future Aspirations
The introduction of the BETA Programme marks a significant milestone in Singapore Polytechnic’s educational offerings. Early feedback from pilot projects suggests that students are eager to embrace the challenges and opportunities presented by the programme.
Testimonials:
- Jane Lim, Year 1 Student: “The BETA Programme has given me the confidence to pursue my business ideas. The mentorship and funding support are invaluable in turning my vision into reality.”
- Mark Tan, Industry Mentor: “Working with SP students through the BETA Programme has been incredibly rewarding. Their fresh perspectives and innovative ideas are truly inspiring.”
Looking ahead, Singapore Polytechnic plans to expand the BETA Programme, incorporating more diverse industries and increasing the seed funding to support a wider range of ventures. The institution envisions the programme as a cornerstone of its business education, continually evolving to meet the changing needs of the global economy.
Commitment to Inclusive and Equitable Education
The BETA Programme is part of Singapore Polytechnic’s broader mission to provide inclusive and equitable education. By making the programme available to all Year 1 business students, SP ensures that every aspiring entrepreneur has the opportunity to develop their skills and achieve their potential, regardless of their background.
Inclusive Initiatives:
- Accessible Resources: Providing equal access to mentorship and funding for all participants.
- Diverse Mentorship: Engaging mentors from various industries and backgrounds to offer a wide range of perspectives.
- Supportive Community: Creating a collaborative environment where students can share ideas and support each other’s growth.
Preparing for a Sustainable Future
As the world grapples with environmental and economic challenges, Singapore Polytechnic is committed to preparing its students to lead the way towards a sustainable future. The BETA Programme not only focuses on business success but also on creating ventures that are environmentally friendly and socially responsible.
Sustainable Practices:
- Eco-Friendly Business Models: Encouraging students to develop businesses that minimize environmental impact.
- Social Impact Projects: Supporting ventures that address societal issues and contribute to community well-being.
- Long-Term Sustainability: Teaching students to build businesses that are resilient and adaptable to future challenges.
The launch of the Business Essentials Through Action (BETA) Programme signifies Singapore Polytechnic’s dedication to nurturing the next generation of business leaders. By providing comprehensive support and fostering a culture of innovation and responsibility, SP is equipping its students with the skills and mindset needed to thrive in a competitive and ever-changing global landscape.
