Thinking of ways to help those in need through your business model?
A social enterprise may be the answer. This model can generate revenue and fulfil social needs at the same time. Think about it – you can provide jobs to the disadvantaged, or offer subsidised goods or services to those in need.
Last May, a centre for social enterprises was set-up. Here are 5 things you should know about this new Centre and what it does!
1. It’s got an inspiring name
This Centre is called raiSE, which was named from its mission: to raiseawareness, and raisesupport for the social enterprise (SE) sector.
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.
- It’s got the President’s support.
- It’s located in the hip part of the West.
You can find raiSE at JTC Launchpad@one-north, a vibrant community at the heart of Singapore’s entrepreneurship ecosystem.
Here, social enterprise start-ups can plug into one-north’s multi-disciplinary R&D and international business environment.
At the same time, entrepreneurs can benefit from interacting with the range of different social enterprise start-ups in their midst.
- It encourages you to #VentureforGood
VentureForGood is raiSE’s open call for all new and existing locally based social enterprises to submit their innovative ideas. Selected social enterprises get a grant from raiSE to kickstart their ideas.
And this was attractive. The first round of the grant call (July to September 2015) saw a total of 162 applications!
Keep a lookout for the second round of VentureForGood at: https://www.raise.sg/ventureforgood/
- It will invest in you.
Besides grant funding, raiSE also offers investments to mature social enterprises looking to expand their business activities.
This will help such social enterprises create more impact, and do more good!
Are you a social enterprise in Singapore and unsure of where to seek support? Contact raiSE at firstname.lastname@example.org and meet with the team!