In 2019, we successfully conducted two rounds of free training programmes targeted at working professionals and aspiring entrepreneurs.
We would like to thank everyone who participated in our research and training programme in 2019, and a special congratulations to our best idea winners, Marshall Poh and Randy Toh! Their ideas on Micro Loans and E-Waste Recycling have been selected to win the $1,000 cash prize each, among the hundreds of submissions provided by all our attendees. Our panel of judges, which included members of the research team, chose the winning entry based on multiple criteria which included idea novelty, feasibility, and profitability.
Read on to find out more about the programme.
What did this programme cover?
Participants learnt key techniques to identify opportunities. As part of the programme, they were also asked to respond to questionnaires and short interviews
that tracked idea development over time. Monetary incentives
was provided for their contributions.
opportunity identification skills from leading entrepreneurship
professors from Nanyang Technological University, Singapore (NTU
- Expand network with fellow participants
- Gain potential access to other NTU entrepreneurship programmes
- Stand a chance to win prizes for the best ideas that can be a seed grant for your idea!
This training programme was open to all aspiring entrepreneurs over the age of 21.
- Polytechnic Diploma or higher
- Proficient in English
The training took place on 2 Saturdays,
1 week apart. Each programme (including pre- and post- interviews
and surveys) was held over a three month period. A follow-up
was conducted three months after the end of each programme.
There are no training programmes for aspiring entrepreneurs currently underway.
Innovation is the lifeblood of
the economy and of organizations today. Any innovation or business venture
originates from a discovery of new market opportunities. This workshop will
introduce to participants the key innovation skills that are required to
identify and evaluate business opportunities that may be the start of
participants’ entrepreneurial journeys. The content the workshop will cover
Design Thinking, a tool and approach towards
innovation: Design thinking has become increasingly popular in the world of
business, with small & medium to large firms like P&G and SAP using and
advocating the Design Thinking approach. Design thinking, emphasizing
Human-Centered Design and empathy driven solutions, has been promoted widely by
design firms like IDEO and Stanford University’s D School. It has now become a
must-know tool for companies keen to grow and flourish through continuous
innovation. The course will introduce participants to the key principles of
Creativity tools and framework that help with
problem solving and ideas brainstorming: Creativity
refers to the use of imagination or original ideas to generate something novel.
We will train participants to engage in divergent thinking, which refers to the
deliberate attempt to generate multiple, novel and original ideas using a
series of exercises and frameworks.
Pattern identification - examining the latest
trends in technologies, business models and consumer behavior: Cognitive heuristics help individuals to
interpret information and generate linkages to existing knowledge, helping to
generate more business ideas. We train individuals to identify and perceive
connections between seemingly unconnected trends and events. Through
a series of exercises, we will train participants to identify latest trends and
apply pattern recognition techniques to recognize trends and to use the trends
to identify new opportunities.
Ideas evaluation: Participants will be trained
to apply various criteria to evaluate business opportunities to determine which
ones may be worthwhile pursuing.
Development: Participants will unlock the potential of creating value to the
lives of their chosen customer segment through the use of templates that aim to
uncover and achieve the ideal fit between the target customers’ needs and the proposed
product or service.
You will also learn about what makes entrepreneurs “entrepreneurial” by
discovering the effectual principles that govern how successful entrepreneurs
think and act. Finally, you will have the opportunity to create a personal
development plan by considering your core values, assessing your strengths and
weaknesses, and developing a realistic game plan to help you achieve your
ultimate entrepreneurial goals and aspirations.