BATU KAWAN, September 10 – Penang Youth Development Corporation (PYDC) with Penang Chinese Chamber of Commerce Young Entrepreneurs Section (PCCC YES), Malaysian Association of Malay Traders and Entrepreneurs (PERDASAMA), Malaysian Indian Chamber of Commerce and Industry, Penang (MICCI Penang) has organized closing and prize giving ceremony of Youth Entrepreneurship Challenge 2022 (YEC) at Opera Theatre, The Ship Campus Batu Kawan, Penang. A total of twelve finalist has presented their business ideas in front of seven judges who were appointed by the PYDC based on their industry background and expertise.
The closing and prize giving ceremony was officiated by Tuan Yang Terutama Tun Dato’ Seri Utama Ahmad Fuzi Bin Haji Abdul Razak, Yang di-Pertua Negeri Pulau Pinang joined by Penang State EXCO Youth and Sports, YB Soon Lip Chee and General Manager of PYDC, Dr. Gwee Sai Ling. Also present at the programme, were YB Dato’ Dr Amar Pritpal Bin Abdullah, Deputy Speaker of the Penang State Legislative Assembly, Datin Barathi a/p Suppiah, General Manager Chief Minister Incorporated (CMI), members of Penang State Legislative Assembly, sponsors, universities and college representative, industrials representative, and guest.
TYT Tun emphasized in his speech the importance of planning a business career and having a clear vision when deciding on an overall business strategy. TYT Tun also stated that young entrepreneurs need to compare their performance with the best global models and must have resilience in overcoming failures and challenges to ensure success. Tuan Yang Terutama Tun Dato’ Seri Utama Ahmad Fuzi Bin Haji Abdul Razak, Yang di-Pertua Negeri Pulau Pinang shared a few advise for young entrepreneurs which includes:
- To determine your overall business appetite within your capacity
- To fully comprehend the government’s policy framework, relevant laws including rules and regulation pertaining to your business sector
- To be creative in raising the necessary funds and capital required
Quoting from YB Soon Lip Chee, Penang State Exco for Youth and Sports. I am pretty sure the youth who took up the courage, stepped out from their comfort zone and participated in the challenge should have learned a lot by now through the well thought, planned and executed supports including sponsorship from the industrial partners in providing the financial supports and speakers, mentors, coaches have spent their valuable time to share, to guide and to advise our participants tirelessly. These have formed a very solid foundation for our youth to further venture into entrepreneurship as they gained the invaluable experience throughout the journey.
Dr. Gwee Sai Ling, General Manager of Penang Youth Development Corporation (PYDC) expressed her appreciation to main official sponsors which includes Hotayi, UWC, NationGate, Sunwah Innovation, Vincaps Capital, Mydin, Sam’s Groceria, Phoenix Asia, and Pentamaster. IT sponsor Big Domain and as well as Marketing partners, Big Academy and ICT Digital Mall. Not forgetting venue sponsor – The Ship Campus. Appreciation also towards YEC mentors Mr. Fauzi, Mr. Henry Tye, Mr. Kevin Yam, Ms Vivien, Mr Radin, Mr. CK Tan and Mr. Gary who really guided all participants in a very enthusiastically and tirelessly manner, providing finalist very valuable guidance and advice.
Information about winner for YOUTH ENTREPRENEURSHIP CHALLENGE 2022
- 1. Champion: Memory Ball – (only 1 team member not from Penang, the rest from Penang)
Background of Winner as follows:
- Champion: Memory Ball (MBall)
MBALL business is handmade jewelry bead products to provide a novelty solution integrate with technology for recalling and keeping customers’ memories with their “lovers” such as persons, pets and so forth. Hair, pet hair, infant lanugo, or any item less than 5mm is the specialty of the raw material (supplied by the customer) can be integrated and keep in the MBALL.
- 1st Runner Up: Minerva (e-Cluck)
e-Cluck, an alternative to traditional chicken feed with 100% food waste, which aims to provide a sustainable and pollution-free animal feed for the farmers in Malaysia.
- 2nd Runner Up: The Embolden Agrihero
The Embolden Agrihero turn urban arable land around school compounds into beautiful gardens of vegetations, fruits and herbs to reduce carbon footprint and reducing the 1.5°Celcius on a microscale level.
- Consolation: PETION
PETION is a Pet Fashion provider since January 2022. PETION provide innovative and high-quality pet clothes and accessories to solve problem faced by pet owners. They believe pet owners can have a better life and entertainment with their pets.
- Consolation: ZIWY (folks)
Folks offer a range of services to help the elderly, bring them convenience, and support them in their everyday life. Folks are concentrating on the recent aging-related challenges in Malaysia. Group that successfully make it to the YEC final includes UTOPIA (Fashiopia), Kolej Kemahiran Tinggi MARA Balik Pulau, Violets Technologies, Nectar Production, MaMu Tech, PonPon Solution and Omnivast.