Youth Trailblazers Challenge 2015 Roadshow
About Youth Trailblazers Challenge
Our youths are an important backbone to the nation’s political, social and economic landscape, as they constitute more than half of the total population of Malaysia. Being a first-hand participant in the everyday woes and challenges of our society, the youth’s innovative and fresh ideas are assets that fuel the country’s socio-economic advancement. These ideas are necessary in order to tackle challenges such as poverty in a way that contributes to sustainable development of the country. However, for the ideas to be mutually beneficial for the less fortunate population as well as the businesses, a different approach to develop for-profit business ideas is needed.
The youth of today are increasingly aware of their potential and are eager to make a difference and contribute to the nation through their efforts, and are able to do that with the right support and skillset. With the approach of inclusive business that emphasizes the importance of including the low-income groups of the society to become a significant part of the value chain of the company, the Youth Trailblazers Challenge is here to help them to do just that! By introducing this new business ideology to Malaysian youths aged 18-35 years, they will be equipped with skills necessary for contributing to nation-building through innovative entrepreneurship initiatives.
The Youth Trailblazers Challenge acts as a platform for youths to express their amazing ideas with the objective of assisting them to realize and commercialize them and become part of theFutureshifters community. It is a youth development initiative with a strong emphasis on entrepreneurship and inclusive business; encouraging youths to produce innovative, socially-responsible business ideas while training them to ensure that they are equipped with the right skillset to be a successful entrepreneur as well as to facilitate their access to funding opportunities.
Who is the challenge for?
This is a business challenge for Malaysian youths aged 18-35 years from any background targeting some of the most promising young brains in Malaysia which will give them the opportunity to interact with like-minded individuals to solve real business case studies, compete on coming up with an innovative solution that will contribute to the future of business landscape in Malaysia. The challenge is designed to actively support collaboration between youths from diverse backgrounds, such as rural and urban youths. Through this the challenge aims to bridge the gap between urban and rural ideologies of entrepreneurship and startups by involving youths from all parts of East and West Malaysia. Partnering with CIMB Group, IBM, MDeC, First Penguin, Sunway Education Group, MAD Incubator and Cradle Fund Sdn Bhd just to name a few, and supported by the Ministry of Youth and Sports, Ministry of Education, Ministry of International Trade and Industry, this challenge is well on its way towards boosting the quantity and quality of innovations and start-ups.
What is the Challenge about?
In his book “The Fortune at the Bottom of the Pyramid” the late C.K Prahalad stated “what is needed is a better approach to help the poor, an approach that involves partnering with them to innovate and achieve sustainable win-win scenarios where the poor are actively engaged and, at the same time, the companies providing products and services to them are profitable”.
What will these new approaches for the Bottom of the Pyramid (BoP) be? In this first edition of the event series, its organising committee decided this would make an excellent challenge for the Malaysian youth to answer.
Kicking off with a nationwide boot camp roadshow, the Youth Trailblazers Challenge reaches out altogether to thousands of youths across Malaysia beginning with the Klang Valley, Penang and ending in East Malaysia. Participants will be invited to attend a one-day workshop to give an idea of what the concept of inclusive business is about, and develop an understanding on how to apply it to the core of a business strategy.
The Youth Trailblazers Challenge will culminate in a 2-day workshop on ideation and entrepreneurship with the intention of creating impactful ideas at the first ASEAN Youth Leadership Summit held in Kuala Lumpur on December 5th to 6th, 2015. Altogether 400 youths across Malaysia will be invited to join this workshop and come up with new ideas and get support to take them further. These ideas will be showcased, and our corporate partners will judge the ideas and choose the best business models. The team with the best idea wins and h stands a chance to receive seed funding and actually getting their business ideas implemented in the corporate companies!
As a prelude to the 1st ASEAN Youth Leadership and Startup Summit in December where the winners will be announced, the Youth Trailblazers Challenge is every Malaysian youth’s ticket to establishing their own businesses while becoming trailblazers in nation building. The Youth Trailblazers Challenge was launched by YB Khairy Jamaluddin, Minister of Youth and Sports on the 10th July 2015 at Menara KBS, Putrajaya.