Scalo Technologies, a UAE-based tech venture company, is supporting a new initiative aimed at making entrepreneurship education and internship opportunities available to secondary school students globally. The company has joined forces with the Young Founders School (YFS) to enhance how entrepreneurship is taught across various countries, including the Emirates and other regions in the Middle East.
Scalo Technologies is one of several new business partners for YFS, which has evolved into the largest entrepreneurship platform for high school students across Asia and Africa. Since its founding eight years ago in Hong Kong, YFS has influenced over 7,000 young individuals. Abdumalik Mirakhmedov, director and co-founder of Scalo Technologies, said, “We resonate deeply with YFS’s mission. Their relentless drive to educate, connect, and inspire the next generation of founders aligns perfectly with our own vision”.
Fellow Scalo Technologies co-founder, Rashit Makhat, said, “We have a clear view of the way technology is shaping the future for tomorrow’s entrepreneurs and business leaders. We want to play our part in helping young minds identify and pursue career paths in line with the way the world is heading”.
Scalo Technologies and other new business partners of YFS will be formally introduced at a Gala Dinner in Singapore on August 31, 2024. The funds raised during the event will go directly toward supporting YFS’s innovative courses and internships, with the goal of transforming the lives of 10,000 students each year by 2026 through comprehensive classes and providing internships to 1,000 students annually, with a special focus on underserved communities.
“This event marks a pivotal milestone for YFS. We eagerly anticipate welcoming influential entrepreneurs, industry leaders, and change-makers who share our passion for empowering young minds and cultivating the next generation of entrepreneurs”, said Billy Naveed, Founder and Chairman of Young Founders School.
Since its founding in 2016, YFS has expanded its reach to over 12 countries and regions – India, Saudi Arabia, Shenzhen, Pakistan, the Philippines, Kyrgyzstan, Nigeria, Singapore, USA, Australia, Hong Kong and Bangladesh - impacting more than 7,000 students and connecting them with over 500 mentors through unique startup courses and internship programmes.
The YFS team comprises top educators, startup entrepreneurs, and corporate leaders from across the Asia Pacific region. “In today's vibrant startup culture, we aim to teach students that entrepreneurship is more than just becoming your own boss. It’s about a mindset dedicated to innovation and creating value for others”, Naveed concluded.
