All-new resource centre to groom future entrepreneurs

ASPIRING entrepreneurs in Singapore can now congregate together at a new entrepreneurial hub that was officially opened yesterday.

The 929 sq m head-quarters for the Entrepreneur’s Resource Centre (ERC), located in Robinson Centre, will house seven local start-ups, as well as fully functional micro-offices, plus meeting and classroom facilities for another 20 entrepreneurs.

Speaking at the opening ceremony yesterday, the founder and chief executive of ERC, Mr Andy Ong, said: “We envision that this new facility will incubate and groom even more leading entrepreneurs of the future.”
ERC Singapore offices, previously in six separate locations, will now come under the same roof, at a cost of $300,000.

Each year, there are about 4,000 start-ups established in Singapore, and there is a need to create a conducive environment for entrepreneurship to thrive and for bright ideas to be commercialized, said Mr Ong.

Agreeing, the director of enterprise ecosystem development at the Economic Development Board (EDB), Mr Wong Peng Wai, said: “The Entrepreneur’s Hub forms part of our flourishing environment for enterprises- where companies big and small, local and foreign, exchange ideas, expand partnerships, find new markets and explore new funding opportunities.”

ERC’s Mr Ong also announced yesterday that new additions to the centre’s board of advisers include Mr Yoon Bryl Chul, founding chief executive of the Woori finance group, Korea’s second largest bank, and Mr Sonu Shivdasani of the Six Senses group, a hotel group based in Thailand.

ERC was incorporated in 2002 and its mission is to promote entrepreneurship among Singaporeans. On its current board of advisers are Mr Kenny Yap, executive chairman of Qian Hu Corp, and Mr Douglas Foo, chief executive of Apex-pal.

A regionalized institution with eight local subsidiaries and overseas offices in Bangkok and Shanghai, ERC provides training, mentoring and funding to entrepreneurs by identifying the needs of these individuals and investing in resources to help them.

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Article by: Arthur Poon

Source: The Straits Times© Singapore Press Holdings Limited. Reproduced with permission.
31 July 2004

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