for shur n rock~

(YES) Challenge

Nature of Event:

The MoneyTree Young Entrepreneur Startup Challenge is focused on helping
future Entrepreneurs launch new ideas that could ultimately be turned into
profitable ventures. This challenge would allow young Entrepreneurs / aspiring
Entrepreneurs to not only learn skills that would sharpen their Entrepreneurial
mindsets, but to also provide them with the opportunity to experience the
practical applications of the Entrepreneurial skills they have acquired through the
MoneyTree Entrepreneur Fast Track program.

Objective of YES Challenge:

To create a platform in which youths aged 17 – 24 are given the opportunity to:
• Acquire the knowledge and skills to start and operate a business
• Have a hands on feel as to what it takes to run a business / project
• Acquire the ability to generate ideas and evaluate their commercial
viability
• Focus on creating a profitable enterprise / venture
• Experience pitching for funds to finance their enterprise

Target Audience / Requirements and Territorial Focus:
i. Youths aged 17 – 24 from Klang Valley (including Seremban), Penang
(including Ipoh) and Johor (including Melaka)
ii. Education: Minimum Form 5
iii. Language Proficiency: Fluent in English
iv. Have attended the MoneyTree Entrepreneur 1-day Fast Track

Program
Mechanics of Challenge:
The nature of this challenge is as close as it can get to the real world of
Technopreneurship / Entrepreneurship. Technopreneur / Entrepreneur aspirants
would be required to not only generate ideas that would attract investors, but to
also follow through to make it into a profitable business / venture.

Detailed mechanics of the YES Challenge:
i. Gather a team of 3 - 4 persons
ii. Attend the MoneyTree Entrepreneur 1-day Fast Track Program
iii. Come up with an idea for a profitable PROJECT, and submit a written
proposal for the project
iv. Proposal would then be submitted to a selected panel to determine the
viability of their ideas and whether it could eventually be carried out
profitably. Panel would also identify the strength and weaknesses of
the plan with the intention of knocking the ideas into shape
v. Projects that can be implemented and completed within 3 – 4 months
are preferred
vi. Teams would be given 15 minutes to present their project / ideas, after
which, a selected panel consisting judges and potential investors will
pose questions to determine whether or not the ideas are concrete
vii. Teams whose projects / business ideas that have been selected will be
given an opportunity to solicit funding from investors
viii. All projects which have been selected will be divided into smaller
portions / shares to enable more investors to participate at a nominal
sum, or at a sum they’re comfortable with (The Maximum amount
allowable to be solicited from investors is RM 25,000)
ix. If investors find an idea that interests them and makes sense to them,
they can decide to invest in that particular project by buying shares in
the venture
x. Each team will be assigned a mentor, who will be responsible for
ensuring that the team implements their plans according to their
milestone goals
xi. Mentors would also supervise the preparation of monthly progress
reports
xii. The panel and mentors would play an advisory role to the teams,
focusing on implementation, strategy and profitability
xiii. Profits would then be divided according to agreed portions as
stipulated in the agreements, after subtracting any declared fees
xiv. Successful ventures will then be guided and supported to apply for
available grants to bring the venture to higher levels

Participating Parties:
MoneyTree has invited a mix of representatives from Government Agencies,
Private Sector and even Private Investors to be part of our panel of Mentors and
Advisors. We also have two Government Agencies, two Education Institutions,
two Corporations and several Independent Entrepreneurs who have agreed to be
Partners with MoneyTree on the YES Challenge.
Timeline: April 17th – Launch and running of the YES challenge in KL.