Raise defines Social Enterprises (SEs) as business entities set up with clear social goals; and where there is clear management intent and resources allocated to fulfil their social objectives. They also enable existing social enterprises to grow and become sustainable by providing financing options, capacity building and mentorship. Looking back, the new insights and perspectives allowed us to make key decisions that positioned us for greater business growth and social impact. The Singapore Centre for Social Enterprise (raiSE) was set up in 2015 to help raise awareness on social entrepreneurship and raise support for social enterprises in Singapore. Check in here regularly for all the latest updates! Who are we looking for? Eden operates a social venture capital fund that invests in social enterprises that are aligned to its financial, environmental, governance, and social impact criteria to help them grow. social enterprises in Singapore and beyond. They provide advisory services, programmes, training and resources. Copyright © 2020 Singapore Centre For Social Enterprise, Gain insights into the Social Enterprise Ecosystem, Discover Social Enterprise Products and Services. Discover upcoming Social Enterprise events, workshops, competitions, webinars and more in our Events Calendar. Singapore and across the region. Incorporating and structuring a company in the appropriate structure allows the company access to the many grants and schemes that are available to social enterprises. Singapore Centre for Social Enterprise,raiSE. These Singapore social enterprises are not your average retailers. A very big Thank You to raiSE and David! In gift giving, it is the thought that counts. If you are thinking of starting a Social Enterprise, do contact an experienced ACRA Filing Agent who can advise you accordingly. Check out these 8 social enterprise eateries! Participants could also benefit from access to boot-camps, networking with mentors and judges – many of whom are impact investors and linkages to overseas partners in regions such as Indonesia, India and the Philippines. Giving back to society is always a good thing. So, how about making your retail dollar do double duty in spreading the love by considering gifts that are not only lovely to behold for the receiver, but whose production also supports communities in need!! What it is: Among other programs, Echoing Green’s main purpose is to provide seed … In love with all things furry and fuzzy? As a specialty coffee company with the mission to empower persons with disabilities, special needs and mental health issues, raiSE’s VentureForGood grant enabled us to strengthen our financial position and create more employment opportunities for the differently-abled, and thus increase our social impact, raiSE Grow B.I.G Programme ProAge Pte Ltd. raiSE hopes to strengthen the social enterprise sector in Singapore and encourage the growth of social enterprises as a sustainable way to address social needs. Some companies do it through programs embedded in their corporate structure. Find out how you can get involved in events, purchase from Social Enterprises and more! This also publication highlights our key milestones and achievements through the impact stories of 15 Social Enterprises that span across different business sectors and impact areas. Some of the grants that are available include: Corporations like DBS are also aggressively supporting Singapore’s Social Enterprise scene. This section, however, will primarily focus on monetary grants. The Singapore Centre for Social Enterprise, raiSE is a sector developer and membership body for aspiring social entrepreneurs, existing social enterprises and other individuals and organisations that are interested in contributing to the development of the Social Enterprise sector. Together with established social entrepreneurs, business consultants and investors, we harness the power of ideas, know-how and resources to effect positive change for a better world. Some companies do it a step further and function as a Social Enterprise. Grants are sums of money that do not need to be paid back. Get your daily coffee fix at Art Bar, a community project with Starbucks Singapore. Cross–sector collaboration is crucial in helping social enterprises develop and grow. This is distinctively different from a charity that relies on outside funding and grants to achieve its social mission. Find out more about how your company can get involved. There is usually a confusion between a charitable organisation and a social enterprise. 1. Need help measuring your social impact or curious to know more about developments in the sector? The BusinessForGood logo was created as a means of recognising and acknowledging that our social enterprise members are businesses that achieve social impact alongside sustainable financial return. This funding can help de-risk early-stage social enterprises by providing the funds needed to further validate their model and scale to the point where traditional capital is willing to step in. The Enterprise Development Grant (EDG) helps Singapore companies grow and … Ready to make Social Enterprises a part of your sustainability journey? Edible Garden City Pte Ltd. Since 2010, YSE Global has nurtured a network of youth with innovative business ideas focused on social good. As for the enterprise aspect, a social enterprise should be sustainable as a business while achieving clear social goals. The Singapore government recognises the importance of Social Enterprises in improving Singapore and thus has made provisions and is encouraging the growth of this sector. Dignity Kitchen qualified for neither grants targeted at charities, nor for seed funding provided by SPRING Singapore, a former government agency focused on small and medium sized enterprise development. Singapore Company Incorporation Services. The total prize money was $60,000 (for the winners). Think homeware, stationery, bags, decorative items and tees all set to a quirky animal theme. With a national mandate to promote social entrepreneurship and build capacity for social enterprise, Social Enterprise Association is launching this Primer on Governance for Social Enterprises in Singapore. What are the reasons of having a Shareholders Agreement? Please check your email and confirm the newsletter subscription. raiSE was set up to raise awareness on social entrepreneurship and raise support for Social Enterprise in Singapore. A social enterprise is still essentially an enterprise targeting profits whereas a charitable organisation is a non-profit organisation. Whether it is purchasing from Social Enterprises, attending an event to find out more about what social enterprises can offer or even working with one, there are many meaningful ways to suit your level of comfort. Save my name, email, and website in this browser for the next time I comment. In Singapore we have an organisation, raiSE, that was set up in 2015 to develop the social enterprise sector in Singapore. They also enable existing social enterprises to grow and become sustainable by providing financing options, capacity building and mentorship. Inspired by Prof. Muhammad Yunus, our philanthropic venture funds finance and support social businesses and social entrepreneurs, while Corporate Innovation builds corporate social businesses … Enterprise Development Grant Today and into the future, companies that thrive are the ones that have strong business foundations and strategies, adopt technology and innovative processes, and grow their overseas presence. Echoing Green. YMCA of Singapore The YMCA of Singapore is a charity that also has social enterprise characteristics. Grants of £10,000 – £300,000 available from the Social Enterprise Support Fund, delivered by SSE and four other social enterprise support agency (July – September 2020) Here’s our directory of funding and support for social enterprises, small charities and community projects SSE … Do your homework. Registration and Compliance Fees to register a Singapore Company with us, Important compliance requirements for Singapore companies, The differences between an LLC, LLP and Sole Proprietorship, $100,000 in seed grants under Venture For Good (VFG) by the Singapore Centre for Social Enterprise(raiSE), $20,000 grants for expansion to existing social enterprises as an early stage funding for pilot ideas, $300,000 for social enterprises that train and employ disadvantaged Singaporeans under the ComCare Enterprise Fund (CEF), $300,000 to new cooperatives under Central Cooperatives Fund. Grant funding is typically offered by charitable, philanthropic and government bodies. Interested to be Part of the Good? Yet at a time when the concept of social entrepreneurship was foreign to most, he struggled to raise initial funding. To help social enterprises during this period, 19 of them have received funding support for the next two years from the Government through the Singapore Centre for … We fund social enterprises registered and operating in China, Hong Kong, India, Indonesia, Singapore and Taiwan. They are typically financial, but can also come in other forms such as in-kind support or pro-bono assistance. The programme gave my team and I an opportunity to think through numerous aspects of our business in a structured and strategic manner. The causes they stand for only give us more reason to head out to try the cuisines they have to offer. raiSE hopes to strengthen the social enterprise sector in Singapore and encourage the growth of social enterprises as a sustainable way to address social needs. We believe in the power of business to end poverty. The Singapore Centre for Social Enterprise (raiSE) was set up to raise awareness on social entrepreneurship and raise support for social enterprises in Singapore. If you’re not that familiar with the term social enterprise, don’t worry, you’re not … Ending poverty through investing in women-led social enterprises: this is… Yours Sincerely, More on The Finder: 7 Best Places In Singapore To Volunteer For A Worthy Cause Eat, Shop And Play At These Multi-Concept Lifestyle Stores In Singapore Helensburgh Art Hub is one of nine social entrepreneurs from across Scotland to secure a share of £225,000 from social enterprise start-up agency Firstport. Social Enterprise | Women | @angelsofimpact. Private Limited Company (Pte Ltd) Local and foreign individuals prefer to opt for private limited company registration.It is a tax-efficient and dynamic structure most suitable for business growth. They provide advisory services, programmes, training and resources. Art Bar. An example of their efforts is the DBS-NUS Social Venture Challenge Asia, a start-up competition that supports new social ventures in Asia with the potential to generate scalable and sustainable social impact. Ready to include social outcomes to your bottom line? Thank you! To this end, we invest in multiple programmes, especially those that bring people and corporations together to increase consciousness of the challenges faced by social enterprises and to provide support for their causes. There are also grants available for Social Enterprises. ... For companies looking to embark on enterprise transformation and develop capabilities of employees. Something for every Social Entrepreneur and Enterprise. Rather than investing for a financial return, these bodies are investing in the social outcomethat your enterprise offers. We collaborate with partners to develop capabilities for social enterprises to scale their business as well as social impact. The editorial team at Singapore Secretary Services. The simplest way to start being #partofthegood is to make a conscious effort to purchase from social enterprises! Grants can generally be defined as an award that is made to a non-profit or social enterprise. From Food & Beverage to Retail & Gifts, Events Management to Education & Training, our social enterprises offer a diverse range of products and services. Enterprises prove a little goes a long way . We aim to build the pipeline for the social enterprise sector and improve the capacity and capabilities of our social enterprises in running their business and creating their social impact. $300,000 for social enterprises that train and employ disadvantaged Singaporeans under the ComCare Enterprise Fund (CEF) $300,000 to new cooperatives under Central Cooperatives Fund Corporations like DBS are also aggressively supporting Singapore’s Social Enterprise scene. raiSE provides support to social-impact driven companies through the VentureForGood grant and through investment into social-impact driven companies in the growth-stage through the raiSE Impact Fund (RIF+). If you are looking to set up a social enterprise to impact society, you will need to incorporate a company to do so. raiSE was set up in 201 5 through a cross-sector collaboration between the Ministry of Social and Family Development (MSF), National Council of Social Service (NCSS), Social Enterprise Association and Tote Board to develop the social enterprise sector in Singapore. Seastainable Co. is a social enterprise that contributes towards environmental conservation efforts … Capital for Social Enterprises: Grants . This fund can finance up to 80% of the total project costs from any eligible social enterprises in this country. The mission of Edible Garden City is to champion local food production … raiSE Masterclasses provide our social enterprises with opportunities for practical and hands-on learning. The Animal Project. In addition, various incubation services were provided by the Social Venture Lab - seed funding, incubation space and mentoring services. Find out how your small purchases can go a long way to help the disadvantaged. The Social Enterprise Fund invests in social enterprises and social entrepreneurs, providing the patient and imaginative capital they need to successfully accomplish important public benefit missions. Introduction. We’re pleased to present the Annual Report for FY2019 (year ending 31 March 2020). The VFG grant is an open grant call to support new and existing social enterprises who are starting up or expanding their operations for up to $300,000 in funding. If you would like to submit a question or would like us to do an article on certain topics, please email us at [email protected]. More importantly, it helps the public to identify raiSE’s social enterprise members. There are clear management intent and resources allocated to fulfil their social objectives. Social Enterprise Development Fundamentals Workshop, PRESIDENT’S CHALLENGE SOCIAL ENTERPRISE NETWORKING (PCSEN), PRESIDENT’S CHALLENGE SOCIAL ENTERPRISE AWARDS (PCSEA), CHECK OUT HIGHLIGHTS FROM LEAPFORGOOD DEMO DAY 2018. Looking for more insights or useful guides? In Singapore we have an organisation, raiSE, that was set up in 2015 to develop the social enterprise sector in Singapore. Read More. David was sharp in identifying problem areas and his guidance under the Fellowship Programme has been crucial to the success of SDS. raiSE was set up to raise awareness on social entrepreneurship and raise support for Social Enterprise in Singapore. 20th January 2021 by Robert Armour . Social enterprises are registered organisations that apply business strategies to achieving social, cultural and/or environmental goals. For more useful articles and videos, visit the Singapore Secretary Services resource page. A Singapore Government Agency Website. – Isaiah Chng, ProAge Pte Ltd, Winner of 2015 President's Challenge Social Enterprise Award (Commendation), raiSE Fellowship Programme Singapore Delivery Services with Fellow David Lee, an ex-McKinsey Operations Specialist. Some key grant-awarding bodies include: Arts Council Funded by the National Lottery, the Arts Council has championed… The Singapore Centre for Social Enterprise, raiSE is a sector developer and membership body for aspiring social entrepreneurs, existing social enterprises and other individuals and organisations that are interested in contributing to the development of the Social Enterprise sector. It funds charitable Proit Plough Back Social Enterprises activities through donations and profits generated Profit plough back social enterprises contribute a from its business activities. In this publication, we highlight raiSE's work in the past 5 years and the next leap forward. The Nail Social, L2, 42A Haji Lane, Singapore 189235. Here are four social enterprise in Singapore that can make your gift giving have a positive ripple effect. Our clients come in all shapes and sizes, and can be any corporate structure. It seems that you have already subscribed to this list. Social enterprise funding awards revealed. The SE Fellowship Programme aims to support growth and mature-stage social enterprises in improving their financial sustainability through curated matching with corporate professionals interested to contribute to the social enterprise sector. These are commonly called Corporate Social Responsibility (CSR) programs. Read More. – Josephine Chew, Singapore Delivery Services, Discover Social Enterprises In Various Sectors. Incorporating and structuring a company in the appropriate structure, Singapore Secretary Services resource page. Singapore Centre for Social Enterprise, raiSE. Industries ... New entrepreneurs can look to Startup SG Founder for funding support, mentorship and business networks. The Singapore Centre for Social Enterprise, raiSE, was set up to raise awareness on social entrepreneurship and raise support for social enterprises in Singapore. This social enterprise sells a selection of lifestyle goods stamped with artwork drawn by persons with special needs. Aspiring social entrepreneurs can now apply for up to $20,000 in grants, as part of a new initiative by the Singapore Centre for Social Enterprise, also known as raiSE. Find out more about what it means to be a raiSE Social Enterprise Member. 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