New $100,000 North East social innovation fund to be launched in November

New $100,000 North East social innovation fund to be launched in November

SINGAPORE - The North East Community Development Council (CDC) will be launching a $100,000 fund that can be used for innovative social projects.

The North East Social Innovation Fund will be launched on Nov 7 at the two-day Global Social Innovators Forum (GSIForum) 2013 organised by Social Innovation Park (SIP).

With the fund, individuals and existing social enterprises are encouraged to develop innovative programmes geared towards helping the less privileged within the community.

The projects must be based in Singapore and geared towards the local community, in particular, the North East District. This can include projects that can provide employment opportunities for the needy, those that can generate profit or revenue to support non-profit social programmes or outcomes, or provide subsidised services for the disadvantaged.

The grant will be available for up to 10 projects, which will receive full funding support not exceeding $10,000 each. This can then be used for manpower and operating expenses, purchase of equipment, software, materials and consumables, professional services, and marketing activities.

Mr Teo Ser Luck, Mayor of the North East District, said: "At the CDC, we do come across quite a few funding requests for social projects. We observed that there are actually commendable and innovative ideas among them that could create a positive social impact on the local community. With this new funding programme, we want to give tangible support to turn these ideas into reality, which will ultimately benefit our residents."

At the event, SIP will also launch a one-year capability development fast-track mentorship programme for local social entrepreneurs.

Interested parties have up to one year from Nov 7 to submit their applications and proposals.

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