ACE, a private-public organization promoting entrepreneurship in Singapore, has unveiled recommendations for a structured entrepreneurial education program in schools. It will be implemented in secondary schools, junior colleges, polytechnics, and Institute of Technical Education (ITEs) colleges.
Broadly speaking, the new program, which will cost the government SGD15M (USD12.3M), combines theory with mentorship and hands-on experience. Internships will be a big part of it too.
The program will be implemented within 6 to 9 months’ time in nine secondary schools. These institutions were picked because they were either a part of YES! Schools, or already have entrepreneurial programs in place. The program will then be extended to junior colleges, polytechnics and ITEs later on.
The new set of initiatives was hammered out by a task force, consisting of entrepreneurs, educators, and civil servants from the Ministry of Education (MOE). It addresses the negative feedback about existing entrepreneurial programs. The new recommendations will replace YES! Schools, an existing government initiative which struggled with limited industry exposure and inconsistencies in implementation.