RaiSE was launched on 27 May 2015. In Channel News Asia”s report today, RaiSE will distribute $30m worth of grant and investments over 5 years to boost social enterprises. The requirements are a financial assessment, a compelling social objective and a proven sustainability of the business model. The amount awarded depends on the maturity of the social enterprise. Funding will support proof-of-concept.
RaiSE notes that many social enterprises face challenges such as talent, business know-how and funding.
SilverHairsClub has a clear objective of providing a platform for Singaporeans, over 45 to meet new and more friends. It has been operating since Oct 2005, and we would be celebrating our 10th anniversary this Oct. We have many activities.
1. As a social enterprise, our EOs and ECs have organised numerous activities. We have no lack of activities, as we believe in our concept of one member doing an activity during the life of his/her membership. Some EOs have been organising and running activities for the last 10 years.
2. Financially, SHC operates on a cost basis. The Club does not collect membership fees, and as long as members are over 45, Singaporeans and PR, they are eligible to join as a member of SilverHairsClub. We have been operating 10 years under this financial model. Although we do not have a physical premise to call our own or rent from a landlord, we have managed well with public venues and private premises.
3. In terms of management, we operate with minimal manpower. Some of our key roles are membership admin, IT and hosting services and support services to our SilverHairsClub.com. All other operations and management work are within the role of the EOs and ECs.
4. With the existing model and concept, SHC can expand its social enterprise to other Singaporeans and PRs living within mainland Singapore. Funding and assistance from RaiSE will widen our scope, our membership and sustain our activities.
What do you think? Shall we actively seek assistance from RaiSE? And what can you do be part of the committee to seek this assistance? Thinking.
Today’s article is available at http://www.channelnewsasia.com/news/singapore/new-agency-offers-funding/1876884.html