Business Wire India
Six social enterprises today received a shot in the arm to the tune of up to S$20,000 each to help them build their business.
This came after 12 teams – comprising 24 changemakers – gathered virtually to complete the final part of the Singapore International Foundation’s (SIF) Young Social Entrepreneurs (YSE) Global 2021 programme.
These teams – from Cambodia, China, Jordan, India, Indonesia, Thailand, and Singapore – were shortlisted from a larger pool of 41 teams, comprising 109 youths representing 16 nationalities. They had taken part in the YSE Global 2021 – Workshop from July to August 2021.
This year, nearly 70 percent of the solutions proposed by the participating teams were technology-driven – a three-fold increase from the previous edition, and a new record for the programme. From deep tech, assistive tech to digital platforms, the teams leveraged technology and innovation to address issues in the areas of inclusivity, sustainability, sanitation, healthcare, and education. Their aim to make a sustainable impact with their businesses also aligned with the global ethos of the United Nations Sustainable Development Goals.
For today’s finale, called Pitching for Change, the shortlisted teams presented their social business ideas to a panel of judges. The six winners were chosen based on the impact and scalability of their business ideas, as well as the commitment level of team members.
The winning teams are (in alphabetical order):
- AKYAS Sanitation (Jordan)
- Kanpur Flowercycling Private Limited (Phool.co) (India)
- Khmer Super Plantfood (Cambodia)
- Sojourner Brother (Singapore)
- TACT (Thailand)
- VEMBI (India)
Ms Carrie Tan, Founder of social enterprise Daughters Of Tomorrow and a Member of Parliament in Singapore, graced the virtual award and closing ceremony.
She said: “The work of social entrepreneurs is so important as they pursue new, sustainable ways to address unmet social and environmental needs of their communities. It is heartening to witness the passion, commitment and resilience of these young participants in achieving their social missions.”
In the lead-up to Pitching for Change, the young changemakers participated in a series of webinars and virtual business clinics. The SIF designed the sessions to raise their capability and confidence in developing socially good business.
The participants also worked with assigned volunteer mentors for eight months to sharpen their business ideas in preparation for the final pitch. The pool of mentors comprised leading business consultants from McKinsey & Company, Temasek International, Bain & Company and established entrepreneurs and experts relevant to their sectors.
The teams also took part in YSE Spotlight sessions, a series of online activities to broaden their perspectives and learn about the social entrepreneurship ecosystems in different Asian countries. The sessions featured established social entrepreneurs and industry experts sharing their experience and insights.
Participants also networked with peers of different nationalities, gained deeper cross-cultural understanding, made new friends, and forged business connections through online sharing and discussions.
SIF Governor and YSE Global 2021 Lead Judge, Ms Ng Shin Ein, noted that there is a growing pool of tech-savvy youths globally who are driven by a keen sense of social purpose to create positive change.
She said: “It is truly an exciting time for social innovation. Technology has created many opportunities for young entrepreneurs to make a difference in a sustainable manner. They have developed innovative solutions for pressing social and environmental challenges, with dual bottom lines of profit and impact. The SIF is proud to support these social enterprises in their journey to create greater social impact.”
Mr. Anup Misal, Associate- Founder's Office at Kanpur Flowercycling (Phool) from India said: “We are proud to be one of the winning teams of the YSE Global programme. It was a valuable experience to share and learn from industry experts and peers from around the world. I appreciate how the programme helped us to prepare our social enterprise for the future economy.”
Ms Vidhya Y and Mr Anshumaan Agrawal, Co-Founder and Sales and Marketing Lead at VEMBI Technologies from India, said: “There is so much to learn from the international social enterprise scene. We met many inspiring individuals and groups who shared their unique and innovative ways to make the world a better place through YSE Global. Their passion and drive to effect positive change are infectious. I am proud to be part of the YSE network!"
YSE Global seeks to inspire, equip, and enable youth from different nationalities to start or scale up their social enterprises. This SIF signature programme has, in its 12 years, nurtured more than 1,300 alumni of 42 nationalities and a global network of 628 social enterprises.
Applications for the YSE Global 2022 are now open. Join the upcoming YSE Global 2022 - Virtual Roadshows for more information on the programme.
