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Today Date : Sunday, May 19, 2024

Businesses with social  impact focus receive funding

Businesses with social impact focus receive funding

Six innovative regional businesses, which champion social change, received funding of up to $20,000 each to help them scale up their businesses. The winners were selected after 15 teams – comprising 26 changemakers – gathered virtually today for Pitching for Change, the finale and closing event of the Singapore International Foundation’s (SIF) Young Social Entrepreneurs (YSE) Global 2022 programme.

Six-month programme

The six-month programme seeks to inspire, equip, and enable youth of different nationalities to launch or scale up their social enterprises in Singapore and beyond. Through customised workshops, mentorship, and regional learning opportunities, it aims to nurture a global network of young changemakers with innovative business ideas focused on social good.

The 15 teams were selected from a pool of 46 social enterprises and they presented their business plans and ideas to a panel of judges, comprising industry experts and consultants from the impact investment and social service sectors, according to an official communication from the organisation.