Need help measuring your social impact or curious to know more about developments in the sector? Check in here regularly for all the latest updates!
Need help measuring your social impact or curious to know more about developments in the sector? Check in here regularly for all the latest updates!
VFG Youth provides up to 80% of the total projected capital expenditure and first year operating expenditure, capped at $20,000.
Funds are disbursed as reimbursements in tranches, released upon meeting of pre-determined key milestones. Supporting documentation as evidence of having met milestones, and evidence of expenditure of released funds must be submitted before the next tranche is disbursed.
We consider beneficiaries as people or communities who are facing issues, or susceptible and at risk of facing issues that will affect their social and economic well being. Generally, this occurs when there is deprivation in at least one of the following areas:
Some examples of groups that have relatively higher percentage of people who are in need or at risk of being in need includes:
Applications must show that the social enterprise has:
Guidelines & Criteria
VentureForGood (Youth) is open to youths aged 18 – 35 years.
Key applicant must be Singaporean or Permanent Resident of Singapore
The social enterprise must a member of raiSE
VentureForGood (Youth) is open to new/existing social enterprises addressing one or more of the following outcome areas for an intended beneficiary group:
VentureForGood (Youth) is open to all new and existing locally based social enterprises that are registered/ intend to register under the Companies Act or Co-operative Societies Act. For applicants who have not incorporated their business at point of application and are in the process of prototyping, a partnership with a relevant Voluntary Welfare Organisation (VWO) and/or validations with intended beneficiary groups should be illustrated. However, we will require the business to be incorporated prior to the first tranche of disbursement.