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Scalo Technologies Supports Global Entrepreneurship and Internship Initiative with Young Founders School

UAE-based tech venture company Scalo Technologies is backing a new initiative to make entrepreneurship education and internship experiences accessible to secondary school students worldwide. The company has partnered with Young Founders School (YFS) to help transform the way entrepreneurship is taught across various countries, including the UAE and other parts of the Middle East.

Founded eight years ago in Hong Kong, YFS has grown into the largest entrepreneurship platform for high school students in Asia and Africa, impacting over 7,000 young minds. Scalo Technologies joins a list of new business partners supporting YFS's mission.

Abdumalik Mirakhmedov, Director and Co-founder of Scalo Technologies, expressed the company's alignment with YFS's goals: “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.”

Rashit Makhat, Fellow Co-founder of Scalo Technologies, added, “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.”

The partnership will be officially introduced at a Gala Dinner in Singapore on August 31, 2024. Funds raised from the event will support YFS's innovative courses and internships, aiming to reach 10,000 students annually by 2026 through comprehensive classes and 1,000 students annually through internships, particularly targeting 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 inception in 2016, YFS has expanded its reach to over 12 countries and regions, including India, Saudi Arabia, Shenzhen, Pakistan, the Philippines, Kyrgyzstan, Nigeria, Singapore, the USA, Australia, Hong Kong, and Bangladesh. The organization has impacted more than 7,000 students and connected them with over 500 mentors through unique startup courses and internship programs.

Naveed emphasized the broader vision of YFS, stating, “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.”