{MEMBERSHIP OVERVIEW}
raiSE Members
Across The Following Impact Areas
Top 5 Business Sectors
{ OUR JOURNEY }
Our Journey Towards a New raiSE Membership Framework
Two years ago, a review of the membership framework was initiated.
In 2022, 71 SE members shared valuable insights into their motivations and impact measurement practices through 4 focus group sessions. In 2023, 113 SE members across 5 impact areas participated in one-on-one interviews and site visits, openly discussing challenges and identifying areas where additional support is needed.
Over the past two years, 93 SEs also completed online surveys on capacity-building programmes, providing crucial input for further improvement. The insights gathered have laid the foundation for announcements made in Open Talk.
Open Talk 2023
Open Talk is raiSE’s annual members townhall event where raiSE shares the latest developments and achievements in the past years, and the upcoming developments. This year, new stakeholders and aspiring Social Enterprises were also invited for the event for them to learn more about the ecosystem and explore partnerships with SEs. The event saw a total of 111 participants, with 61 SEs and 50 invited guests.
The raiSE membership would categorise organisations based on the factors of Intentionality, Additionality and Proportionality.
Members used to report impact outcomes on a self declaration basis. Now, instead of using it only for internal assessment, impact data will be disclosed to the public in line with international practice to enhance credibility and visibility for our members.
The impact framework and methods of resource allocation will be expanded to include new beneficiary types and take into account more varied efforts towards impact creation.
{ CAPABILITY DEVELOPMENT }
- raiSE Business with Impact Workshop Series
- raiSE x SUTD Create4Good Programme
- raiSE x SUSS Venture Builder Programme
raiSE Business with Impact Workshop Series
raiSE developed an impact-focused curriculum to help aspiring and existing Social Enterprises to achieve social impact and business sustainability through a Social Enterprise approach.
- Module 1 focused on designing a SE model to achieve double bottom line
- Module 2 discussed ways to design socially inclusive products and services
- Module 3 emphasised the importance to build financial sustainability and how to raise capital from both traditional and impact investors.
- Module 4 covered the crafting of compelling narratives for their business and social values and designing effective digital marketing strategies.
Students and alumni from SUSS and SUTD attended workshops held by raiSE as part of ccelerator programmes organised by their schools, to introduce students and aspiring entrepreneurs to the fundamentals of developing a Social Enterprise and increasing impact capabilities.
raiSE shared content on impact models, impact practices and impact measurement tools to complement IHLs' focus on business viability and go-to-market strategy.
{ VENTURE BUILDING }
For early-stage Social Enterprises, building a strong foundation is key to long-term growth and meaningful impact. Through targeted venture building programmes, raiSE supports inclusive employment initiatives and innovative solutions that address key social issues.
The accelerator programme further equips high-potential Social Enterprises with the resources, mentorship, and networks needed to scale. By providing critical support at this stage, raiSE helps lay the groundwork for a thriving and impactful Social Enterprise ecosystem.
raiSE VentureForGood (VFG) Grant
Supported early and seed-stage Social Enterprise members of raiSE in creating more human-centered social impact, such as employment of disadvantaged individuals, with up to $300,000 in funding.
raiSE VentureForGood (VFG) EnergiSE Programme
Supported 8 early-stage startups from impact-focused venture building programmes of local universities like SUSS, SUTD, and NUS, with up to $50,000 in funding.
"Joining the VFG EnergiSE program was a key milestone in the early stages of our social entrepreneurship journey. The funding support, along with the expert guidance from the raiSE team, played a crucial role in amplifying our impact and scaling our business."
raiSE partnered with a leading Venture Capital firm, Quest Ventures, to run a 10-week programme to accelerate the business and impact growth of 10 Social Enterprises.
"The Sustainable Impact Accelerator programme was invaluable to us, giving us the chance to meet other impactful social enterprises and share our journeys and experiences with each other. It also helped to shape our thinking around impact, strengthening the foundation on which we built Tictag.
Since then, raiSE has continued to provide guidance and support in all things impact and beyond, from things like looking out for a new, accessible office to connecting us to other social organisations and startups, to marketing us with their well-respected branding to feature us in booths, pitches, panels and more.
At Tictag, we're always grateful!"
{ ECOSYSTEM DEVELOPMENT }
On 17 April 2023, raiSE together with NCSS and ComChest hosted 108 attendees including 30 SEs and 78 corporate guests to a corporate event organised in alignment with efforts to refresh Singapore's social compact under ForwardSG. The theme of the event was “Creating Opportunities to Support Social Mobility” where guests participated in an interactive panel discussion with Minister Masagos Zulkifli, alongside Mr Chew Sutat, Chairperson of Community Chest, Ms Theresa Sim, Chairperson of raiSE, and Mr Yuen Kuan Moon, Group CEO of Singtel.
Through the sharing and panel discussions, attendees had a better understanding of how we could collectively support lower-income families to achieve stability, self-reliance and social mobility, and exchanged perspectives on championing inclusive mindsets so that we might create more inclusive environments for persons with disabilities.
raiSE was part of the Inaugural Community Marketplace initiated by SBF Foundation, a collaboration platform bridging Community Partners with SMEs and large enterprises to explore on corporate giving journey. Through the event, the team met many SMEs and corporates who were interested to explore a Social Enterprise model or support Social Enterprises.
raiSE's 2-day workshop with SG Enable under their Enabling Lives Initiative Grant Calls 5 and 6 helped close to 50 participants to refine and clarify their impact strategies through a balanced planning for financial sustainability and impact models including the 4As in making their products and services more accessible, affordable, acceptable and available to their target beneficiaries.
The participants who attended were equipped with a better understanding of enhancing their social impact towards persons with disabilities (PwDs) through content on Theory of Change, accessibility frameworks, and mapping user persona of beneficiaries and strengthen their grant proposal with cost benefits analysis, SE models, and financial sustainability.
Under Indonesia's ASEAN Chairmanship, the Sixth ASEAN Inclusive Business (IB) Summit focused the dialogue on building an enabling environment to incentivise businesses for a sustainable future, such as through the establishing the ASEAN IB Acceleration Programme to support and finance inclusive business models. raiSE's Chief Executive Officer, Mr Alfie Othman moderated on a panel while raiSE's Assistant CEO, Mr Tham Jierong spoke on a panel. raiSE's SE member, Bettr Barista, was also recognised as the Inclusive Business representative for Singapore.
{ ENHANCING VISIBILITY }
Publicity opportunities are crucial for us as it amplifies the good work of our Social Enterprises, reaching a broader audience and attracting potential supporters, partners, and investors. Effective publicity helps to build credibility and trust, showcasing the enterprise's business and impact achievements.
By highlighting success stories and innovative solutions, we inspire more businesses consider how they can be more impactful.
The 4-part series features raiSE’s Social Enterprise members, showcasing their innovative business models and intentional social impact created on the CNA Money Mind programme.
This allowed a broader audience to learn about the varied SE models and different ways impact can be created. The episodes were also reshared on social media to amplify the reach.
Hiring people with disabilities has proved to be a win-win manpower solution for a well-known Singapore hotel chain. Millennium Hotels and Resorts has placed over 20 full-timers and interns across five hotels in Singapore. Find out how social enterprise Inclus got this talent pool work-ready.
Starting a business can be life-changing both for its founder and its workers. For Singapore social enterprise Speco, its business transformation levelled up its workers with higher skills and pay - empowering one couple to buy their own home.
How do you turn disability into a competitive advantage? For Singapore social enterprise Tictag it all starts with a simple swipe on an app.
How do you make it easier for a breastfeeding mother to feed her baby, when mum and infant are out and about? Thanks to Singapore social enterprise Go!Mama, all you need is a smartphone.
raiSE organises the PCSEA, a biennial award that is conferred by the President’s Office to honour and recognise exceptional Social Enterprises, individuals and organisations for their contributions made to the local community. The Award Ceremony was held on 21 November 2023 at The Istana with President Tharman Shanmugaratnam as the Guest-of-Honour.
Empact won the SE Champion of the Year Award, Foreword Coffee won the SE of the Year Award, and The Radiant Spectrum won the SE Start-Up of the Year Award. Additionally, multiple SE ecosystem stakeholders and partners were also invited to the event.
President’s Challenge Social Enterprise Award 2023 coverage was featured across Singapore’s leading media channels and publications (CNA, 8world, Lianhe Zaobao), highlighting collective impact of Social Enterprises towards a more inclusive and equitable society.
{ FINANCIAL HIGHLIGHTS }
- Operating Grants
- Capital Grants
- Investment Income
- Membership Fees
- Other Income Sources
- Total Income
- 3,747,450
- 2,335,763
- 65,483
- 36,250
- 111,662
- 6,296,608
- 3,426,522
- 2,080,967
- 55,850
- 41,900
- 1865,74
- 5,791,813
- Manpower Costs
- General and Administrative Costs
- Total Operating Costs
- 2,439,663
- 491,779
- 2,931,442
- 2,266,246
- 462,222
- 2,728,468
- Programmes and Services
- Public Education & Publicity
- Total Programme Costs
- 396,605
- 236,264
- 632,869
- 327,580
- 177,698
- 505,278
- Grants to Social Enterprises
- 2,219,460
- 2,283,902
- Share of losses from associated companies
- Other Losses
- Total Other Losses
- Total Expenditure
- -
- 61,330
- 61,330
- 5,845,101
- -
- 93,884
- 93,884
- 5,611,532
- Share of profit from associated company
- Net (Deficit)/Surplus before Tax Expenses
- Tax Expense
- Net Surplus after Tax Expenses
- 1030
- 452,537
- (60,641)
- 391,896
- 33,596
- 213,877
- (24,550)
- 189,327
- Fair value changes on financial assets at FVTOCI
- -
- (419,975)
- Non-current Assets
- Current Assets
- Total Assets
- 1,881,139
- 9,870,881
- 11,752,020
- 1,853,963
- 9,809,752
- 11,663,715
- Non-current Liabilities
- Current Liabilities
- Total Liabilities
- 3,264,451
- 564,694
- 3,829,145
- 3,669,106
- 463,630
- 4,132,736
- -
- 7,922,875
- 7,530,979
- Unrestricted Fund
- Restricted Fund
- Total Funds
- 4,141,253
- 3,781,622
- 7,922,875
- 3,494,580
- 4,036,399
- 7,530,979
- 6,296,608
- 3,960,845
- 2,335,763
- -
- EXPENDITURES
- General, Admin And Manpower Costs
- Programme Costs
- Grants To Social Enterprises
- Other Losses
- Total Expenditure
- 2,931,442
- 632,869
- 2,219,460
- 61,330
- 5,845,101
- 2,931,442
- 632,869
- -
- 8280
- 3,572,591
- -
- -
- 1,925,950
- -
- 1,925,950
- -
- -
- 293,510
- 53,050
- 346,560
- Share of Profit from associated company
- Net (Deficit)/Surplus before Tax Expenses
- Income Tax Expense
- Fair value changes on financial assets at FVTOCI
- Total Comprehensive (Losses)/Income For The Year
- Balance at 1 April 2023
- 1030
- 452,537
- (60,641)
- -
- 391,896
- 7,530,979
- -
- 388,254
- (60,641)
- -
- 327,613
- 3,494,580
- -
- 409,813
- -
- -
- 409,813
- -
- 1030
- (345,530)
- -
- -
- (345,530)
- 4,036,399