Channel NewsAsia

Two new SG50 projects celebrate the spirit of entrepreneurship

Companies that have played a significant role in Singapore’s economic growth will be be honoured through two SG50 initiatives.

SINGAPORE: Two SG50 initiatives, spearheaded by several Government agencies, will pay tribute to companies that have played a significant role in Singapore’s economic growth.

"Singapore is built on a vibrant economy. Singapore can become what it is today, because all the businesses worked together. Whether it's international businesses, or local businesses - that have actually made Singapore. So we want to celebrate together with these businesses," said Ms Olivia Lum, Co-chair of the SG50 Economic & International Committee, and the Executive Chairman and Group CEO of Hyflux.

The agencies – SPRING Singapore, Economic Development Board (EDB), International Enterprise Singapore and National Library Board – have teamed up to launch two projects. Named “50 Schools, 50 SMES” and “Local Champions, Global Leaders”, these aim to bring the younger generation closer to the people behind the companies in Singapore.

The first initiative will see students from 50 secondary schools linked up with 50 SMEs to learn about their history and the entrepreneurial spirit of their founders. Participating companies include Eu Yan Sang and Mr Bean.

The students will then produce articles which will be showcased on Singapore Infopedia and Wikipedia in March next year. The National Library Board has been conducting workshops in writing, interviewing skills and research for these students.

“Local Champions, Global Leaders” is a national-level competition open to local university and polytechnic students. Participants are required to present the stories of local industry champions and multinational companies that have made significant contributions since Singapore's independence. They can do so through a medium of their choice and stand to win a top prize of S$10,000 cash.

Student teams get to pick from a list of companies assigned to their university or polytechnic. In addition to the top prize, the best entries will be showcased at an exhibition on Singapore's economic story, to be launched in mid-2015. Online registration for 'Local Champions, Global Leaders' opens in early September on the SG50 website.

Mr Yeoh Keat Chuan, managing director of EDB, said: “Over the past 50 years, companies have played significant roles in developing Singapore’s economy and in creating good jobs for Singaporeans. As we look back on Singapore’s journey, it is important that we celebrate how companies, local and from all over the world, have contributed to improving the lives of Singaporeans and the success of Singapore.”

Mr Ted Tan, deputy chief executive of SPRING Singapore, said: “By sharing memories and reflecting on the challenges and pioneering spirit, we wish to co-create a narrative for the hands that built Singapore, and that will continue to contribute towards the progress of our nation.”