SIX social enterprises received a prize of S$20,000 to further develop the social enterprises they started.
The winners were announced after 12 teams – made up of 24 changemakers – came together virtually to complete the final stage of the Young Entrepreneurs (YSE) Global 2021 organized by the Singapore International Foundation (SIF).
Various teams from Cambodia, China, Jordan, India, Indonesia, Thailand and Singapore were selected from groups consisting of 41 teams or 109 youth groups representing 16 countries.
All of these teams have participated in YSE Global 2021 – Workshop from July to August 2021.
By 2022, nearly 70% of the solutions proposed by participating teams will be technology-driven ventures.
This figure is a threefold increase from the previous edition, and is a new record for the YSE Global program.
Starting from deep tech, assistive tech (accompaniment technology for persons with disabilities), to digital platforml, the participants took advantage of these various technological innovations to address problems in the areas of social inclusion, social sustainability, sanitation, social care, and education.
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All of these have the main goal of producing a sustainable impact along with a business program that is in line with UN objectives.
In the final stage called Pitching for Change, selected teams are welcome to present their social business ideas to the judges.
The six winners were selected based on the impact and scalability of their business idea, as well as the level of commitment from team members.
The six winning teams are AKYAS Sanitation (Jordan), Kanpur Flowercycling Private Limited (Phool.co) (India), Khmer Super Plantfood (Cambodia), Sojourner Brother (Singapore), TACT (Thailand), and VEMBI (India).
Founder of the social enterprise “Daughters Of Tomorrow” and Member of Parliament in Singapore, Carrie Tan joined the celebration of the awards ceremony and the virtual closing ceremony.
Carrie Tan says, “The work that social entrepreneurs do is very important because they have new, sustainable ways to address unresolved social and environmental needs in society.
“It is very pleasant to witness the enthusiasm, commitment, and persistence of these young participants who want to achieve this social mission,” he said in a press statement, Monday (14/3).
Approaching Pitching for Change, the younger generation of change makers first participated in a series of webinars and virtual business clinics.
SIF designed the session to increase skills and confidence in developing a socially sound business.
Participants also worked with volunteer mentors who were assigned for eight months to sharpen their business ideas in preparation for the final pitch.
The mentor group comprises leading business consultants McKinsey & Company, Temasek International, Bain & Company, and successful entrepreneurs and experts relevant to their sector.
The teams also participated in the YSE Spotlight session, a series of activities on line who broaden their perspectives and learn about the social entrepreneurship ecosystem in various Asian countries.
These sessions feature experienced social entrepreneurs and industry experts sharing their experiences and insights.
Participants also make friends with colleagues from various countries, gain a deeper cross-cultural understanding, and establish business relationships through sharing session and discussion on line.
SIF Governor and YSE Global 2021 Jury Chair, Ng Shin Ein, noted that globally, there is a growing pool of tech-savvy youth driven by a strong sense of social purpose to create positive change.
He said, “Now is an exciting moment for social innovation. Technology has created many opportunities for young entrepreneurs to make sustainable change.”
“They have developed innovative solutions to pressing social and environmental challenges, with very important benefits and impacts. SIF is proud to support these social enterprises on their journey to create greater social impact.”
Komerce, one of the selected social enterprise teams from Indonesia won the most votes from the community on line and they took first place in the YSE Friends’ Favorite contest.
Intan Maulida Lazuardini, Partnership Officer, Komerce from Indonesia said: “There are many things that can be learned from social enterprises in the international arena.
“We met many inspiring individuals and groups and shared their unique and innovative ways to make the world a better place through YSE Global’s presence,” explained Intan.
YSE Global exists with the aim of inspiring, equipping, and enabling youth groups from various countries to start or develop their social enterprises.
SIF’s flagship program, which has existed for 12 years, has nurtured more than 1,300 alumni from 42 countries and a global network of 628 social enterprises.
Registration for YSE Global 2022 is now open. For more information on the program, join YSE Global 2022 – Virtual Roadshows. (RO/OL-09)