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[ 11-12
November 2000 ] CommercetNet Singapore launches Bootcamp for eBusiness
Startups at Orchid Country Club
CommerceNet Bootcamp for eBusiness
Start-ups
| CommerceNet
Singapore's Bootcamp for eBusiness start-ups from November 11 to 12,
2000 was the first such event in Singapore. Some 50 participants comprising
of start-ups, incubators and VCs and industry players attended the
two-day workshops at the Singapore Orchid Country Club. |
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event started off with the keynote address by Mr Saw Ken Wye, the
MD of Microsoft. He explained the importance of laying the necessary
and right infrastructure for an eBusiness start-ups. The next speaker,
Mr Yuen Ka Wei discussed the essential aspects that start-ups need
to consider when building up a trust framework for their businesses. |
Microsoft
MD, Mr.Saw Ken Whye |
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third speaker from the National Science and Technology Board (NSTB)
gave an enlightening account of how the various Government schemes
which are in place to assist the start-ups to finance the development
phase of their businesses. Mr Lee Soo Chye from Lee Boon Leong &
Co. explained the key legal considerations that are critical to start-ups
to get in and be protected in the Internet and ICT industries. - the
Electronic Transactions Act and the Intellectual Property Rights issues.
Having started an eBusiness, the importance of making the business
secured and trusted - a truly relevant subject and this was well discussed
by Mr James Kang from TrustMarque Singapore. To complement the Government
financial and technical assistance offered by NSTB, Mr Peter Jarnes
of Plan-B Technologies Pte Ltd talked about the private sector's various
schemes to incubate start-ups with potentials and forge synergetic
alliances. The last speaker of the day was Dr Lee Gilbert from Nanyang
Business School who enthusiastically revealed the key elements needed
to enhance the success rate of an eBusiness - the business model,
strategic value propositions, revenue and profit perspectives, corporate
structure, among others. |
Nanyang Business
School Professor, Dr.Lee Gilbert
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The second
day workshop was more interactive and interesting as speakers managed
to get the participants involved in their presentation. Dr Lee Gilbert
started off the morning by organising an "elevator pitch" competition
whereby participants were grouped into teams and each team was given
5 minutes to present a brilliant 100-words "elevator pitch". The
best team won a prize from CommerceNet Singapore. After the excitement,
Mr Robin Seow from Hewlett-Packard provided some insight into ways
to choose the right partners and develop eBusiness. Then it was
down to the nitty-gritty of it all - developing a really good Business
Plan by Mr Andrew Loh. He eloquently revealed to the audience the
keys to an excellent business plan. He pointed out the importance
of exhibiting what an eBusiness knows about his own business and
common errors likely made when writing a Business Plan. The following
speaker, Mr JS Wong from Cybersource was equally enthusiastic when
presenting "How to Build A Solid Business Model". He explained many
perspectives from a strategic point of view, trends, business processes
as well as current models employed by successful Internet companies.
Before the lunch break, Mr Vincent Wong and Mr Dirk Libaers from
S.AI.L Port Asia Pte Ltd described the relevant ingredients for
a meaningful partnership between incubator and start-ups.
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The
"Elevator Pitch" Competition
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The Bootcamp
presentations came to close on Sunday afternoon with a panel discussion
on e-payment, e-learning, e-tail and e-logistics. The discussants
consisted of Mr Wong Jeh Shyan, CEO of CommerceNet Singapore, Dr
Jackson Yip, Director of IOEC Pte Ltd, Mr Freeman Tan, CEO of Tidal
Laboratory and Mr Neil Pentland of Golden-Orb Technologies. There
were some challenging and useful interchange of eBuisness ideas
and concepts. Some important suggestions and agenda were set for
the next Bootcamp. The much-awaited moment came when the main sponsor
of the Bootcamp, Microsoft made the lucky draw. And the luck winner
went to Calvin Tan of Microart Production - an S$13,00 worth of
Microsoft Bizconnect e-pak.
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Discussants
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feedback from CommerceNet Singapore inaugural Bootcamp was encouraging
and supportive as most participants found it educational and relaxed.
CommerceNet Singapore will make the Bootcamp a twice-yearly event
to help disseminate the e-commerce education and update the tools
and skills required for start-ups to grow, survive and succeed in
this ever-changing Internet business world. |
Participants
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Main
Sponsors
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stratech
systems limited
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