Six winning teams from theSingapore International Foundation’s (SIF)Young Social Entrepreneurs (YSE) Global programme received up to S$20,000each in seed funding to kickstart or scale up their social business ideas.It was the first time the programme was conducted completely online.
Singapore/India, 2021 – After an eight-month programme oflearning, cross-border exchanges, and online mentorship, 14 teams – comprising 27youths –reconvenedfor theYSEGlobal’sPitching for Changefinale,at whichthey presented their social enterprise ideas virtuallyto a panel of judges.
These teams– fromBangladesh, China, India, Indonesia, Nigeria,the Philippines, Singapore, and Uganda –were shortlisted from 54 teams comprising 109 youths who took part in the SIF’s2020 YSE Global programmelast July 2020.It was the first time in the 11-year-old programme’s history that it was run completely online.
YSE Global 2020
In the lead-up to today’s Pitching for Change, the teamsfirst attended an intensive series of webinars and virtual business clinicsin the online YSE Workshops(July-August 2020). They were then mentored by leading business consultants from McKinsey & Company, Temasek International and established entrepreneurs relevant to their sectors.
The teams also took part inYSE Spotlight sessions, a curated series of virtual learning journeysto Indonesia, India, andSingapore.The sessions featured established social entrepreneursand industry experts sharingtheir experience and insights with our youth.Among the speakers were YSE 2015 alumni Ecodoe and partner KitaBisa from Indonesia;YSE 2018 alumni Givfunds and Involve from India;as well as YSE 2012 alumnus BagoSphere from Singapore.
Through theYSE programme, our aspiring young social entrepreneurs sharpened their business ideas in preparation for the final pitch.In some instance, several teamson guidance from their mentors pivoted their business models online in response to challenges arising from the global COVID-19 crisis.
The teams’ social business plans provided creative solutions in the areas ofAgriculture, Consumer Goods and Services, Food & Beverage, Environment and Energy, Education and Training, Healthcare Technology and Digital Platforms, Urban Design, and Water and Sanitation.Notwithstandingdiverse nationalities, backgrounds, and impact areas, all the teams presenteda common goal of making sustainable impact through business.
At the closing ceremony of YSE Pitching for Change, SIF Chairman Ambassador Ong Keng Yong said: “In the past eight months of the YSE programme, our young changemakershave embodied the spirit of resilience while navigating real world challenges.
“We are proud to support them in turning their social enterprise dreams into reality. The growth of the YSEprogramme over the past 11 years is testament to the value of bringing world communities together to collaborate and effectsystemic, positive change for a better world.”
YSE 2020 Winning Teams
Six winning teamsreceived up to S$20,000 each in seed funding. They were chosen based on the impact and scalability of their social enterprises, as well as the commitment level of team members.
The winning teams are (in alphabetical order):
- Canfem (India)
- Fempreneur Secrets (Singapore)
- Gabi (Hong Kong, Special Administrative Region of the People’s Republic of China)
- International Changemaker Olympiad (India)
- Neurafarm (Indonesia)
- Safewheel (Bangladesh)
SIF Governor and YSE 2020 Lead Judge, Mr.Lian Wee Cheow, noted that the COVID-19 crisis hadheightened the need for social enterprises to address social issues. He said: “It is heartening to witness the drive and passion of these young participants towards creating positive social change. The teams’ commitment, together with their innovative and sustainable business ideas, give us hope that businesses can indeed thrive while doing good.”
Mr. Rahul Adhikari, Founder and Director of International Changemaker Olympiad said: “Our YSE journey has been very fulfilling and we are so grateful to have won. The support from YSE will help us to expand our social enterprise to provide a learning platform for more school children to develop into empathetic, conscious citizens of the world. We also look forward to exploring potential collaborations with our YSE peers from other countries.”
Ms.Akriti Gupta, founder of Canfem from India expressed appreciation, too: “I am thankful for support from the entire YSE team and our mentors. I have learned and gained so much during the past eight months. It is also wonderful to see that there are other youths across the world making persistent efforts even when the odds are stacked against them. The stories of like-minded people help me feel less alone.”
YSE Global seeks to inspire, equip, and enableyouth from different nationalities to start or scale up their social enterprises. Since 2010, the programme has nurtured more than 1,200 alumni across 39countries and built a network of 577 social enterprises worldwide.
Applications for the YSE Global 2021 are now open. Join the upcomingYSE Digital Roadshow on 8 April 2021 for more information on the programme.
