MoneyTree launches YES challenge to arm youngsters with entrepreneurial skills

PETALING JAYA: MoneyTree Sdn Bhd (MTSB) recently held a soft launch for its Money Tree Young Entrepreneur Start-up (YES) challenge, aimed to equip aspiring youngsters with entrepreneurial skills.

MTSB is a subsidiary of MoneyTree Asia Pacific Ltd, which holds the exclusive rights to a first of its kind financial training programme that educates children and youths aged nine years to 19 years.

Students are groomed from learning basic money matters to investment tools and finally graduating to be entrepreneurs.

The MoneyTree YES challenge is the first and sole business challenge in Malaysia that requires participants to come up with a business idea, submit their executive summaries to a panel of judges, and also implement those business ideas by soliciting funds from private investors.

Ultimately, if the teams' business ideas were commercially viable and scalable, they would be channeled to government funding to help bring their business to the next level.

In a statement June 26, MoneyTree chief executive officer Brandon Liew said the YES challenge was started to create an entrepreneur infrastructure that would remove most obstacles, including funding, mentorship and lack of networking that an entrepreneur would face.

"In doing so, this would greatly increase their chances of succeeding in the business world. We are extremely happy that the response for the MoneyTree YES Challenge has been overwhelming as universities and colleges are continuing to send in teams to participate in YES," he said.

The soft launch was attended by YES challenge partners, advisory panel and judges of the YES Challenge, and the YES Challenge participants from more than 10 different universities and colleges nationwide.

Liew said MoneyTree was working closely with organisations such as Cradle Investment Programme (CIP), Multimedia Development Corporation (MDeC), Students in Free Enterprise (SIFE) and others to make the programme viable.

He said so far 26 teams of students from institutions including Taylor's University College, Open University Malaysia, Nilai University College, Kolej IKIP, Kuala Lumpur Metropolitan University College, Tunku Abdul Rahman College, University Tunku Abdul Rahman, Universiti Putra Malaysia and Universiti Malaya (UM) had registered to participate in the challenge.

The closing date for the MoneyTree YES Challenge registration is June 30.

For further information on the YES Challenge, and to obtain the YES Challenge registration, email This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call UV Wong at 012-293 5116 or Evelyn Reyes at 03-7954 4514.


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