(L to R): Ms Penny Low, Member of Parliament; Mr Fong Yong Kian, Chief Executive, Tote Board; Mr Chan Heng Kee, Permanent Secretary, Ministry of Social and Family Development; Mr Gautam Banerjee, Chairman, raiSE; President Tony Tan Keng Yam; Mr Alfie Othman, Executive Director, raiSE; Mr Hsieh Fu Hua, President, National Council of Social Service; Mr Seah Kian Peng, Deputy Speaker of Parliament.
Singapore Centre for Social Enterprise (raiSE)
In 2011, Tote Board supported the founding of SE Hub as pioneering efforts to develop, nurture and grow social enterprises to address social challenges. SE Hub provides funding, mentorship and business advisory opportunities to social enterprises.
Since its inception, SE Hub has helped more than 70 social enterprises and invested more than $4 million in eight social enterprises.
Most recently, Tote Board and the Ministry of Social and Family Development (MSF) will provide funding of $30 million in grants and investments to grow social entrepreneurship over the next five years. This funding will be administered by the newly-opened Singapore Centre for Social Enterprise (raiSE), a dedicated onestop centre that helps social enterprises from start to mature stage to better achieve their social outcomes.
The new centre also aims to catalyse the development of the social enterprise sector in Singapore. To support social enterprises better, raiSE brings together the resources, expertise and networks of Tote Board and the other constituents – MSF, NCSS and Social Enterprise Association – to coordinate efforts and work with partners such as corporations and individuals.
SE Hub will be consolidated under raiSE to enhance the breadth and depth of assistance and advisory to social enterprises. This support is a continuation of our efforts to build the capacity of social enterprises, to enable these enterprises to manage and operate in a sustainable manner, which will in turn achieve positive and lasting impact to our communities.
Visit the raiSE website at http://www.raise.sg to find out how you can join as a member.