1

BUILDING
THE SOCIALENTERPRISEECOSYSTEMANNUALREPORT
2016/17

2

OPENINGTHE DOORTO SOCIAL ENTERPRISES

While social enterprises (SEs) are still an evolving concept, they havethe potential to create social value and solve social challenges ininnovative and sustainable ways. SEs have also grown to become partof a broader system to address social needs and fulfil the aspirationsof a new generation of Singaporeans who are passionate to do good
through means other than charities.

What is an SE?

BUSINESS ENTITYSET UP WITH CLEAR
SOCIAL GOALSRESOURCES
ALLOCATED TO FULFILSOCIAL OBJECTIVES

“Social enterprises are ameans to an end. This end,
as we envision it, is a morecaring and inclusive societyin Singapore.”

OVERVIEWRAISING AWARENESSRAISING SUPPORTAGENDA

01

About raiSE

4

raiSE in Numbers

6

Chairman’s Foreword

8

The Board

10

A Note from our CEO

12

The Team

14

Impactful Results

16

02

FestivalForGood

20#partofthegood

22

BusinessForGood

24

Member’s Directory

26

Media Features

28

Public Perception Survey 2016

30

03

LeapForGood

34

Advisory Services

36

SocialXChange

38

Expert Series

40

The Open Talk

42

The premiSE

44

Singapore Social Enterprise Conference 201646

Social Value Toolkit

48

Corporate Support

50

President’s Challenge Social Enterprise52

Corporate Networking Dinner
VentureForGood

54

raiSE Impact Finance

56

04

RESULTS– GAUTAM BANERJEE, CHAIRMAN, RAISE BOARD

AGENDA

3

Impact Created58

Success Stories

62

Finance Reports

70

Index Of Members

74

Our Partners

82

4

5

SUSTAINABLE
SOCIAL
ENTERPRISESOUR VISIONOVERVIEW

For a caring and inclusive
society in Singapore
The Singapore Centre for Social
Enterprise (raiSE) was set up in 2015 todevelop the social enterprise sector in
Singapore.

As a membership body, raiSE supports
over 400 social enterprise members intheir social enterprise journeys, fromset-up to growth and expansion.

As a sector developer, we seed andnurture new enterprises by providing
advisory services, programmes, training
and resources. We enable existingsocial enterprises to grow and remainsustainable by providing financing
options,
capacitybuilding
andmentorship. Where possible, raiSE seeks
to connect with social enterprises andintermediary bodies in the region andshare best practices with each other.
We also raise awareness on what a social
enterprise is, their contributions tosociety, as well as the goods and services
they provide.

Ultimately, raiSE hopes to bring
together the larger community ofsocialenterprises,
aspiringsocialentrepreneurs, supportive organisations
and individuals through our various
programmes, initiatives and events to
help build a vibrant social enterprise
sector. Through our work within thesocial enterprise family and our growing
networks, our goal is for the local social
enterprise sector to be an active part ofa more caring and inclusive society in
Singapore.

OUR MISSION

raiSE Awareness on
Social Entrepreneurship
raiSE Support forSocial Enterprises

7

raiSE IN
NUMBERS>80

SOCIAL ENTERPRISE CORPORATEPARTNERSMEMBERSOVERVIEWCURRENT: 401 MEMBERS+26%

ASSOCIATE MEMBERS
CURRENT: 181 MEMBERSEDUCATION &TRAINING

TOP 3 AREAS OF IMPACT

+32%

27%
32%

14%

12%

12%

EMPLOYMENTSUPPORTING
OTHER SEs

11%

FOOD &
BEVERAGE

BUSINESSSERVICES

TOP 3 BUSINESS INDUSTRIES6EMPOWERING
PwDs
Numbers as of 31st March 2017

8

9

CHAIRMAN’SFOREWORD

I am pleased to present the second annual report for
raiSE, the Singapore Centre for Social Enterprise.
As our society develops we need more innovative ways
to solve the complex issues that we face today. We
have seen the mounting effects of a rapidly greying
population, from a shrinking workforce to the strainsof caregiving; as a community, we have learnt theimportance of supporting those with mental healthconditions through better intervention and support.
Externally, Singapore is facing challenging economic
conditions, increasing competition and disruptions
from new technologies and business models. These
are just some of the challenges that societies like ours
face today.
The social enterprise (SE) sector plays an importantpart in society, alongside charities and social service
organisations. A distinguishing role of the sector is
to be deft and strategic in identifying these new andemerging social needs as market gaps, and finding
sustainable, business-based solutions for them.
raiSE was set up to ensure that social enterprises in
Singapore are best placed to achieve this.
In 2016, we identified sectoral challenges, fromaddressing business, operational, marketing and legal
issues to the measuring and articulation of social
value. We also tackled public perceptions and raised
support for SEs among corporations and potential
partners. In this Annual Report, let me highlight theefforts by raiSE to connect, empower, promote andfund our SE ecosystem.
CONNECT
Graced by Guest-of-Honour Deputy Prime Minister
Tharman Shanmugaratnam, the Singapore Social
Enterprise Conference in 2016 was a key platform
for raiSE to connect thought leaders, corporations
and social entrepreneurs to engage and share theirknowledge on how their business can be a force forsocial good. At the conference, we announced two
key projects for the year. The first was our Public
Perception Survey which indicated that the generalawareness of the sector and the willingness of people
to spend their money on social enterprise goods andservices had grown over the years. Secondly, was theSocial Value Toolkit which was a pioneering effort toallow our social enterprises to measure, monitor andmost importantly, articulate their social value in a
way that is easy for their consumers, stakeholders andpotential funders to understand.

EMPOWER

MOVING FORWARD

In partnership with the National Council of Social
Service and Tote Board, the LeapForGood initiative
was established to take social enterprise ideas fromtheir earliest stages through to prototyping andimplementation with the help of a community ofpartners, mentors and supporters. The nine-monthlong programme focused on two emerging social
needs – eldercare and mental health - and saw fivesolutions developed in the process. LeapForGood
will continue to be a signature event and will focus
on caregivers, persons with mental health issues,and seniors in the next run.

Over the next few years, raiSE will work withvarious stakeholders to tackle the top challenges
faced by social enterprises and to capitalise on theopportunities and trends ahead. raiSE’s efforts will
be anchored on two key thrusts:

PROMOTE
Launched by Minister for Social and Family
Development, Mr Tan Chuan-Jin, FestivalForGood
was the first ever festival to celebrate and raiseawareness of the social enterprise sector bywelcoming the public to be #partofthegood
through experiencing, learning and purchasingfrom them. At the event, raiSE also launched theBusinessForGood mark to help members of the
public identify SEs in Singapore. This was our firststep towards building the recognition of SEs in
Singapore and we will continue to strengthen our
qualifying framework.
FUND
In championing a rapidly growing sector, raiSE
recognises that we are navigating uncharted
waters. Through our funding levers that span from
grants to loans, we look at social impact as well as
financial sustainability as desired outcomes. While
we have clearly done well in achieving impact, we
see increasing difficulty in our SEs to be financiallysustainable as they contend in the competitivemainstream business environment. Nevertheless,we will continue to support and find solutions to see
how best we can assist them. We are proud to saythat in the past year alone, over 4,000 beneficiaries
have been impacted and over 230 jobs created andretained for the needy and disadvantaged. We willcontinue to learn from what works and what does
not, while staying focused on serving our SEs.
As the sector developer for social enterprises,
raiSE has made considerable effort to engage ourmembers and stakeholders to review the current
landscape of SEs and the ecosystem supporting
the sector in Singapore. I am pleased to share thatthe state of Social Enterprise in Singapore report
released in August 2017.

i. To build effective social enterprises that deliver
quality, innovative and sustainable solutions:
raiSE will look into improving organizational
health of social enterprises and provide platforms
for co-creating more innovative and sustainable
solutions to address social gaps; andii. To grow a collaborative and impactful
ecosystem of support: raise will continue toenable social enterprises to increase their impact,
improve public perceptions and garner greater
support for the sector.
We believe that social enterprises are a means to an
end. This end, as we envision it, is a more caring andinclusive society in Singapore. Through our work, we
hope to strengthen the social enterprise sector tobe the best that it can be so that its potential to bea sustainable way to solve social needs is realised.
I would like to express my thanks to my Board
members who have stepped forward to lead various
sub-committees at raiSE and help drive the workof the organisation. They together with the small
but dedicated team at raiSE have gone far beyond
the normal call of duty. I would also like to thankthe partners that have joined us in the last year
to contribute their resources, time and talents. I
believe that we have a shared vision of a strong andresilient SE ecosystem in Singapore.
On behalf of the Board and the staff at raiSE, wewelcome you, whether you are an entrepreneur,
supporter, corporation, investor or just someone
who wants to do good, to join us on our continuing
journey to strengthen the Social Enterprise sector
and be #partofthegood.

GAUTAM BANERJEEChairman, raiSE Board

10

11

THE
BOARD
MR GAUTAMBANERJEE
Chairman, Blackstone
Singapore Pte Ltd

OVERVIEW

MR SIM GIM GUAN
CEO, National Council ofSocial Service

DEPTH OF
EXPERIENCEPASSION FOR
THE CAUSE

MR SIN BOON ANN
Deputy Managing
Director, Drew &Napier LLC

MS THERESASIM MAY LING
Partner,
PricewaterhouseCoopers
LLP

MS PENNY LOW
President & Founder,
Social Innovation Park Ltd

MR ROBERT CHEW
Partner, Stream Global andiGlobe Partners

MR SEAH KIAN PENGCEO,NTUC Fairprice

MR KILLICK DATTA
CEO & President, Global
Brand Partners Pte Ltd

MR EDDIE CHAU
Co-Founder & Chairman,
Spini & V-Key Inc
Founder & Chairman,
Neeuro Pte Ltd
Co-founding Partner,
TNF Ventures

DIVERSITY OF
BACKGROUNDS* Including Mr John Tang, Managing Director
Government of Singapore Investment Corporation

12

13

A NOTE FROMOUR CEO
Greetings everyone!
It has been 2 years since raiSE was founded and in this time, we have seen great shifts inthe social enterprise sector. All indicators are pointing towards the encouraging pace this
sector has been growing at. While we know that social enterprises are not the answer to all ofsociety’s needs, we embarked on this journey because we saw the great potential the sector
had in making a real difference in addressing these needs in sustainable ways.

“Any support you provide raiSE
is ampliﬁed through our social
enterprises, creating ripplesof impact that make a great
difference in everyday lives of
thousands of beneﬁciaries.”

OVERVIEW– ALFIE OTHMAN, CEO

Emerging needs such as aging, mental health and caregiving present new challenges, which
we are very sure that our social enterprises will step up to meet in the coming years. While
doing so, social enterprises will also have to grapple with economic challenges to remainsustainable. Starting any business in this ever-competitive environment is tough, therefore
our social enterprises will have to work harder and smarter to balance their desired goals ofsocial impact with sustainability.
At raiSE, we will be working hard to ensure that our programmes and initiatives continue
to stay relevant and more importantly, assist our members in attaining their desired social
impact milestones. Together with the rest of my colleagues, I would like to thank our Boardof Directors and Stakeholders for their continued guidance and support. We have thehighest regards and admiration for social entrepreneurs who have dedicated and sacrificed
their time and resources to start and grow their social enterprises to impact the lives of theirbeneficiaries. Truly, one must be an outstanding individual to be a social entrepreneur.
As you browse through this publication and have a look at the work thathas been done, we invite you; whoever you may be, to reflect on how you
can contribute your skills and your time to this journey. Any support you
provide raiSE is amplified through our social enterprises, creating ripplesof impact that make a great difference in everyday lives of thousands ofbeneficiaries.
There can never be too many people in support of a good cause, andwe hope that you will join us and be #partofthegood. See you at
our next event!
Warm regards,
Alfie Othman, CEO

14

THE TEAM

ALFIE OTHMAN
Chief Executive Officer

OVERVIEWCASPER NG
Head, Social Finance

MOHAMED FAIRUZ
Social Finance

JONATHAN TAN
Head, Strategy andResearch & Special
Projects

LYN CHEN
Strategy & Research

PAULINE TAN
Research

CHRYSTAL YEONG
Communications& Special Projects

CALVIN CHUA
Finance

CHLOE HUANG
Deputy Director

NUR SHAHANA
Corporate

15

BANUPRIYA
Finance

JASMINE PAUL
Marketing &Communications

MARK SAYER
Impact Investment

NICOLE PAUH
Social Finance

TIMOTHY TAY
Social Finance

SEOW HUI HONG
Head, Programmes& Partnership

NURATIQAH HALIM
Public & Sector
Engagement

AMY LIM
Public & Sector
Engagement

SERENE TAY
Community& Advisory

MOHAMAD SADDIQI
Community& Advisory

HO YEN YEECapacity Building

MARTIN WONG
Community& Advisory

Accurate as of 31st March 2017

16

17

RAISING AWARENESS
13%

IMPACTFULRESULTS~200
230

OVERVIEW

2X INCREASE IN
UNDERSTANDING
OF SEs

22%
22%
20%

35%

1.6X INCREASE IN

SE IDEAS CREATED AS POSSIBLE
SOLUTIONS TO EMERGING NEEDS

PURCHASING INTENT
65%

5X INCREASE IN

JOBS CREATED & RETAINED FOR THE
DISADVANTAGED IN OUR COMMUNITY

>300
>4000

10%

RAISING SUPPORTMEDIA FEATURES LEADING TO AN
INCREASE IN VISIBILITY OF SEs

INDIVIDUAL BENEFICIARIESIMPACTED BY raiSE FUNDED SEs

Numbers as of 31st March 2017

Public Perception Survey 2016
(As compared to Public
Perception Survey 2010)

SE AWARENESS600
HRS OF
TRAINING,
CONSULTANCY &ADVISORY PROVIDEDTO SEs350

SOCIAL ENTERPRISESBENEFITTED FROM
raiSE’S INITIATIVES

S$5.2MCOMMITTED TOADVANCING SEs

18

19

RAISING
AWARENESSRAISING AWARENESSON SOCIALENTREPRENEURSHIP

To increase awareness of social enterprises and influence the public’s
purchasing behaviours, raiSE has been developing a wide range ofprogrammes and activities showcasing and promoting the incredible
dynamism of the sector. By giving visibility and publicity to theenterprises, their passionate founders and management, beneficiaries
and all the products and services they have to offer, raiSE hopes to beable to change the public’s perception and encourage them to makesocial enterprises a part of their everyday lives.

20

>1000

21

FESTIVAL GOERS

262

MEDIA FEATURES
ON raiSE AND OUR
MEMBER SEs

GUEST OF HONOUR
MR TAN CHUAN-JIN,MINISTER FOR SOCIAL AND
FAMILY DEVELOPMENT

FestivalForGood
19-20 August 2016, Timbre+
A key highlight of 2016, FestivalForGood showcased the amazing diversity andquality of products and services offered by raiSE’s social enterprise members
in an effort to build awareness and demand among the public. The 2-day longfestival saw an all-SE marketplace, performances, workshops and learningjourneys across the island.

48

PARTICIPATING
SEs

22

PARTNERORGANISATIONS

22

23

STARTING A
MOVEMENTRAISING AWARENESS

The #partofthegood movement is a collective effort through which raiSE
hopes to encourage the community, whether organisations or individuals, tocome together in support of the social enterprise ecosystem and contributeto the sector in ways that are both meaningful and sustainable. Launchedat FestivalForGood 2016 and following through to all subsequent initiatives,
the movement is set to continue to grow through various platforms in the
coming months.

#PARTOFTHEGOOD

24

25

RAISING AWARENESS

STRENGTHENING
IDENTIFICATIONBusinessForGood

In June 2016, raiSE launched a symbol of recognition for social enterprise members,
to create cohesion among the sector and to build credibility and trust among the
public. The BusinessForGood logo is exclusive to social enterprise members of raiSE
and symbolises that all social enterprises operate with ‘GOOD’ as a strong foundationand guiding principle of their businesses.

26

27

ALL

A CONSOLIDATED LIST OF>20
8SOCIAL ENTERPRISE
MEMBERSACROSS

INDUSTRIESANDPRIMARY AREAS
OF IMPACT

Officially Launched in 2016

CONSOLIDATINGENTERPRISESMembers’ Directory

Designed to simplify searches, the member’s directory is built to showcase raiSE’s
social enterprise members across industries, products, services or area of impact toallow anyone to easily access information and empower them to make the conscious
choice to be #partofthegood.

Discover the full directory:
www.raise.sg/directory

社企中心将以更严格标准筛选投资项目

28

29

5x

MORE MEDIAEXPOSURE
As compared to FY2015

Headline

Headline:

The business of doing good

Date

:

July 29, 2016

Media Title:

The Business Times

Section:

City Living / City Buzz

URL:

http://www.businesstimes.com.sg/lifestyle/arts-entertainment/thebusiness-of-doing-good

DateMedia Title
SectionFrequency
Language
URL: New & Fun Things To Do In August 2016: NightFest, Comics Market & Pop-Up
Cuddle Session
August 2, 2016
The Smart Local
OnlineDaily
Englishhttp://thesmartlocal.com/read/august-2016

:
:
:
:
:
:

INCREASINGEXPOSURE
330

Media Features

MEDIA FEATURESACROSS PRINT,
BROADCAST, ONLINE
AND SOCIAL

The steady increase in the raiSE’s programmes and initiatives
as well as the number of social enterprises in the sector
has led to intensified interest from the media. By engaging
with the media (including broadcast, print, online andsocial) and showcasing raiSE’s members where possible,
raiSE hopes to continue strengthening the public profileof the sector and increasing awareness and engagement.

30

31

1888

RESPONDENTS
3 KEY FINDINGSINCREASED AWARENESSOF SOCIAL ENTERPRISES
2016

65%
13%

7 OUT OF 10
31-35 YEAR OLDS INDICATEDTHAT THEY WERE AWARE OF
SOCIAL ENTERPRISES

22%

Public Perception Survey 2016

The purpose of the survey launched in 2016 was to obtain insights into how public awarenessand understanding of social enterprises and buying behaviours have evolved since 2010 when
the Social Enterprise Association (SEA) conducted the first public perception survey on this issue.
These findings will help shape future initiatives and contribute to the efforts to build a stronger
and more impactful SE ecosystem.

2010

2010

UNDERSTANDING
THE PUBLIC

2016

35%

INCREASED BUYING FROMSOCIAL ENTERPRISES

32

33

RAISINGSUPPORT

ON SOCIALENTREPRENEURSHIPRAISING SUPPORTraiSE engages its members to identify their needs and ensure that they
are adequately empowered to run sustainable businesses through awide range of programmes and services. However, this would not be
possible without the strong ecosystem of support that has been andcontinues to be built, comprising of partner organisations, supportive
corporations, mentors, funders and consumers.

34

35

DISCOVERY - WORKSHOPS

350

LeapForGood

SIGN-UPSIDEATE - CLINICS

166

APPLICANTS
MENTORSHIP

77

SE PROPOSALSPROTOTYPE

19

PROTOTYPING
TEAMS

5 WINNING TEAMSUP TO S$100K AWARDEDPER PILOT PROJECT

Launched in May 2016
A new initiative launched as a year-long programmebringing together aspiring and existing entrepreneurs
to work with stakeholders and community partners totransform innovative ideas into sustainable social enterprise
ventures around specific issues. The inaugural edition
focused on the eldercare and mental health communities.

36

37

430

HOURS OF ADVISORYAND CONSULTANCY250

ENQUIRIESANSWERED

87%

CUSTOMERSATISFACTORY
RATE
Numbers as of 31st March 2017PROVIDINGGUIDANCE
Advisory Services

To support and encourage SE members in their journey, the raiSE team has
continued to provide advisory services to better understand our members’ needs,
offer support, advice and provide connections to industry experts and supporters
where possible. This constant interaction with our members allows raiSE to remain
in touch and at the forefront of their needs.

38

39

PROMOTINGSYNERGIESRAISING SUPPORTSocialXChange
Set as a platform to bring together social enterprise members to share theirexperiences and learn from each other, the SocialXChange series covers
topics from a wide range of industries and acts as a forum where SEs canshare valuable insights, information and have plenty of interaction. With agrowing interest in this format, SocialXChange 2017 will run a series focusedon specific industries in order to share and learn about the challenges andopportunities they present.

40

41

FEATUREDSPEAKERSMS CLAIRE LIM
Regional Director
Ogilvy & Mather

MR JAMES BRASHER
Director & Partner
Rice Communications

RAISING SUPPORTMR TAN YEOK NGUAN
Senior Assistant
Director (Asian Insights& Design Innovation)
DesignSingapore
Council, Ministry ofCommunication andinformation

MS SARAH CERRETAAPAC Regional Manager
for Employee Social
Responsibility
GoogleMR BENJAMIN CHEONG
PartnerRajah & Tann

*Including representatives from Microsoft,
Olswang Asia, Workforce Singapore,
Timbre Group, Law Society of Singapore,Mercury Marketing and Communications,
Samsui Supplies & Services

SHARING
EXPERTISE
Expert Series

Started in 2016, the Expert Series brings together industry leaders to share theirvaluable insights and advice with our social enterprise members, providing themwith a view into the larger business world and an opportunity to learn from theexperts in their fields. The Expert Series was also introduced at the Singapore Social
Enterprise Conference 2016 for conference delegates to witness how various sectors
can contribute to the social enterprise ecosystem in meaningful ways.

42

43

ENCOURAGINGDIALOGUE

The Open Talk

This biannual forum invites all raiSE members to share their feedback and experiencesof being part of the social enterprise sector in Singapore. As the sector developer, thisoffers raiSE an opportunity to understand the challenges faced by our social enterprises
on the ground and calibrate our initiatives accordingly. This two-way dialogue also
provides a platform to share our upcoming events and programmes with our members
and get real time feedback from them, ensuring the continued relevance of ourinitiatives.

44

45

The
premiSEA Social Enterprise Shared Office

EMPOWERINGGROWTHRAISING SUPPORTThe premiSE
THE FIRST SOCIAL ENTERPRISE TENANTS AT THE premiSE

Through the generous support of Singapore Pools, raiSE was able to offer social
enterprise members access to office spaces at Holland Drive at affordable
rates, allowing them to mitigate a key challenge in business growth; highrental costs. The premiSE opened in September 2016 and continues to bea stepping stone for social enterprises, to empower and encourage them toestablish their very own office space soon after.

46

47

ESTABLISHINGAUTHORITY
Singapore Social Enterprise
Conference 201625-26 October 2016, The Star Performing Arts Centre
The conference brought together thought leaders, corporations and entrepreneursfor expert lectures, insightful discussions, networking opportunities and more aroundthe theme of business as a force for social good.

RAISING SUPPORT

1.5

DAYS OFCONFERENCECONTENT>400
DELEGATESFROM 5
COUNTRIESGUEST OF HONOUR
DPM THARMAN SHANMUGARATNAM
GUEST SPEAKER: MANOJ KUMAR, TATA TRUSTS

48

49

MEASURING
SOCIAL VALUERAISING SUPPORTSocial Value Toolkit
MONITORASSESSARTICULATE

Review your progess
through meaningful
tracking metrics

Make informed
decisions to achieve
greater social impact

Effectively communicate
your social impact to key
stakeholders

Download the Social Value Toolkit:
www.raise.sg/resources

A key challenge faced by many social enterprises is the difficulty in measuring,monitoring and articulating the social value that they create through their businesses.
In collaboration with Bain & Co, raiSE sought to address this challenge through thecreation of the Social Value Toolkit, a simple to use tool aimed at helping social
enterprises to easily input their relevant data and assess their own social value.
Currently used by over 70 social enterprise members and proprietary to raiSE, thistoolkit is available to the public via the raiSE website, in the hopes that over time, it will
become the go-to tool for social value assessment, establishing a common language
for social value articulation in Singapore and possibly in the region.

50

51

MONTHLY LEGAL
CLINICS65

SEs
SUPPORTED

TRANSFERRINGKNOWLEDGE

BUSINESSDEVELOPMENTSTRATEGY SESSIONS7SEs
SUPPORTED

45 CORPORATEVOLUNTEERSRAISING SUPPORTMARKETING AND
COMMUNICATION
CLINICS

15

SEs
SUPPORTED

Corporate Support
In 2016, three key agencies lent their time and resources and joined forces with
raiSE in our effort to strengthen the social enterprise sector. Rather than offering
one-off CSR support, they were committed to extended and intensive sessions
with social enterprise members of raiSE and contributed to their sustainability
through knowledge and skills transfer with hands-on training and consultancy.

52

53

EXPANDINGNETWORKS
President’s Challenge Social Enterprise
Corporate Networking Dinner
25 October 2016, The Star LoftRAISING SUPPORTAs a key highlight in the social enterprise sector’s calendar, this biennial networking dinnerbrings together C-Suite level guests from the private and public sectors to experience
the best of social enterprises. Guests are encouraged to consider their own roles in theecosystem and what they could contribute to the progress of the SE sector. In 2016, it washeld after the Singapore Social Enterprise Conference and saw about 100 guests fromvarious industry sectors learning more about social enterprises and the role they play,mingling with notable social entrepreneurs and being inspired to contribute.

54

55

Numbers as of 31st March 2017

148

APPLICATIONS

119

ONE-ON-ONE
CONSULTATIONS26

RAISING SUPPORTMANAGED ACCOUNTS

S$2.2 MCOMMITTEDFUNDINGGROWTH
VentureForGood

The biannual VentureForGood grant call invites people from allwalks of life, who have viable social enterprise propositions thatthey would like to take to the next level. Approved applicants standa chance to get up to $300,000 in grant funding and support fromraiSE to make their plans a reality and meet their social goals.

56

57

INVESTING IN
IMPACT
raiSE Impact Finance
raiSE’s impact finance focuses on impact-first funding and aims to provide
capital to Singapore-based social enterprises with a clear social mission
to address human-centred social gaps. Through our investees, we hope
to increase the depth and breadth of social impact created in Singapore.

5

INVESTMENTACCOUNTS

S$3M
COMMITTED

Numbers as of 31st March 2017

58

59

FY2016

S$8.6M

S$5.2MCOMMITEDCOMMITED

2.9K

4K

INDIVIDUAL
BENEFICIARIESIMPACTEDINDIVIDUAL
BENEFICIARIESIMPACTED

205

230

RAISING SUPPORTFY2015JOBS
CREATED &RETAINEDJOBS
CREATED &RETAINED

Numbers as of 31st March 2017

IMPROVING
LIVES
Impact Created

raiSE is proud to say that the impact created by its portfolio of grantees andinvestees has increased in the past year. Stronger, more sustainable and impactful
SEs have emerged, signalling the growing capacity of the sector to create newwaves of change.

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61

SUCCESSSTORIESSUCCESS STORIES

Throughout the past year, raiSE has seen great success stories emerge
amongst its social enterprise members. We hope that these stories
not only serve to highlight the passion and social entrepreneurship ofthe leaders who spearhead these businesses but also serve to inspireothers to be #partofthegood.

SUCCESS STORIES62

A GROWING
NUMBER OF...

63

SUSTAINABLE
BUSINESSES...

64

65

SUCCESS STORIESAND CREATINGSOCIAL IMPACT...

BUILDING A VIBRANT
COMMUNITY...

66

67

READ MORE
STORIES AT:

SUCCESS STORIES

www.raise.sg/social-enterprises/social-enterprises-menu/stories

AIMED AT
IMPROVING LIVES.

68

69

FINANCE REPORTS

FINANCEREPORTS

70

71

FINANCIALHIGHLIGHTSStatement of Comprehensive Income

FY 2016

FY2015

Operating Grants
Capital Grants
Investment Income
Membership Fees
Other Incomes Sources

3,148,030
1,500,334
113,213
51,1701,270,467

2,949,202
722,405
42,803
16,740700,706

Total Income

6,083,214

4,431,856

IncomeOperating Costs
Manpower Costs
General & Administrative Costs

2,145,143
482,304

1,517,304
308,686

Total Operating Costs

2,627,447

1,825,990

Programme Costs

Statement of Financial Position

FY 2016

FY2015

Non-current Assets
Current Assets

2,883,252
11,839,037

2,189,305
6,418,212

Total Asset

14,722,289

8,607,517

Non-current Liabilities
Current Liabilities

12,117,367
1,085,083

6,270,617
1,322,233

Total Liabilities

13,202,450

7,592,850

Net Assets

1,519,839

1,014,667

AssetsLiabilities

Funds

Programmes & Services
Public Education & Publicity
Research & Strategy

575,538
69,80894,153

688,653
55,4303,785

Total Programme Costs

739,499

747,868

1,028,334

722,405

168,345
963,567

32,120-5,527,192
556,022

3,328,383
1,103,473-

88,806556,0221,014,667

Net Fair Value Loss on Other Financial Assets(50,850)-

Total Comprehensive Income for the Year505,172

1,014,667

Unrestricted Funds

1,519,839

1,014,667

Total Funds

1,519,839

1,014,667

SEGMENTREPORTING

Grants to Social Enterprises
Grants to Social Enterprises

Share of Profit/Loss of Associated Companies
Share of Losses for Associated Companies
Impairment Losses
Total Expenditure
Net Surplus Before Tax Expenses
Tax Expense
Net Surplus After Tax Expenses

FINANCE REPORTS

Other Comprehensive Income

Statement of Comprehensive Income

Total

SectorDevelopment

Grant
Administration

Investments

Expenditures
General & Admin and Manpower Costs
Programme Costs
Grants to Social Enterprises
Share of Losses of associated companies
Impairment Losses

2,627,447
739,499
1,028,334
168,345
963,567

2,028,691
739,499-242,377
1,028,334-

356,379
168,345
963,567

Total Expenditures

5,527,192

2,768,190

1,270,711

1,488,291

556,022561,169-(5,147)556,022561,169-(5,147)

Net Surplus/(Deficit) before Tax Expenses
Tax Expense
Net Surplus/(Deficit) after Tax Expenses

Income6,083,214

3,329,359

1,270,711

1,483,144

72

73

INDEX OF MEMBERS

INDEX OFMEMBERS74*(these)abilities Pte Ltd
1b Global Pte Ltd
45RICE Pte Ltd
566FSE Pte Ltd
98FT
A
A Mother’s Wish Pte Ltd
A N A Marketing Services (SG) Pte Ltd
ABLE SEAS Limited
AbleSociety Pte Ltd
Ace Seniors Pte Ltd (ACES)
Aces Nursing Services Pte Ltd
Achievers Swim School Pte Ltd
ACTS Market Pte Ltd
Actxplorer Pte Ltd
Ad Vantage eMarketing
Adept Empowerment Hub Limited
ADL Rehab Pte Ltd
Adrenalin Group Pte Ltd
Agape, Connecting People Pte Ltd
Ageless Bicyclists Ltd
Ageless Pte Ltd
Agora Recruitment Agency Pte Ltd
Aii International Pte Ltd
Alkyne Singapore Private Limited
All Centered Pte Ltd (Center Pottery)
Allied Manpower Pte Ltd
Allied World Asia Pte Ltd
Altrue Health Pte Ltd
Amico TM Pte Ltd
Anagami Pte Ltd (Hush TeaBar)
Angels of Impact Pte Ltd
Appcentrix Pte Ltd
Apple Joy Service & Consultant LLP
ArchitectsofLife Ltd
Ark of Hope Pte Ltd

75

Art Concierge Pte Ltd
Artisnap Private Limited
Asylum Theatre Ltd
Auxilium Domine Pte Ltd
Avodah Advocates LLC
B
B2BB Pte Ltd
Bakery Wellness
BambooBike Pte Ltd
Banyan Tree Gallery (Singapore) Pte Ltd(Matter Prints)
BB Wellness
Belimbing Workshop
Bespoke Suits
Better Trails LLP
Bettr Barista Pte Ltd
BevEat Pte Ltd
Big Big Heart Pte Ltd
Big Heroes Limited
Bikes 4 Fun
Billion Bricks Ltd
Blackilocks Events & Entertainment LLP
Bliss Group Pte Ltd
Blue Hill BeansBMS Specialist Training Pte Ltd
Bompipi by Reign Global Pte Ltd
Boxgreen Pte Ltd
Bridge Learning Pte Ltd
BridgesAsia Projects Pte Ltd
Buy1Give1 Pte Ltd

Care Wheeler
Caregiver Companion Pte Ltd
Caring Fleet Services Limited
Catalyst Connection
CE Engineering Pte Ltd
CF Innervate Pte Ltd
ChangeBug Pte Ltd
Chapter Zero Singapore Pte Ltd
Cheers Learning & Assessment Services
Chobani Pte Ltd
Circus In Motion LLP
Cirrus Culinnaire Pte Ltd
Cloud Bridge Pte Ltd
Coco Khmer International Pte Ltd
Coddle Pte Ltd
Code for Asia Society Ltd
Coffee Samaritan Pte Ltd
Cogniant Pte Ltd
Community Alive Project Pte Ltd
Comp-O-Bot Pte Ltd
Connezt Dots
Corporate In-house Counsel Solutions
Corporate360 Pte Ltd
Creative Arts Therapy and Training Pte Ltd
Creative Volcano Pte Ltd
CRIB Pte Ltd
Crossroads Prison Ministries Pte Ltd
CrossTrack Pte Ltd
Curious Design
Curious Thoughts Academy Pte Ltd

C
Cadaq Pte Ltd
Cafiend LLPCamp Hiro Pte Ltd
Canaconnect LLP
Canact Pte Ltd
CaptionCube Pte Ltd
CARE (Care Advisors Recruitment Enterprise)
Pte LtdD
Daaz Travel Pte Ltd
Daing Pasandri Achiever Avenue
Damalee Communications Pte Ltd
Decisions480 Pte Ltd
Deltaworx Pte Ltd
Designlab Innovation Pte Ltd

Digital Dream
Dignify Pte Ltd
Dignitas Sg
Dione International Pte Ltd
Discovering without Borders LLP
Dojo Wu
Dove Doodle Pte Ltd
Drink For Water Pte Ltd
DSR Social Accounting Pte Ltd
Duthane Industrial Services Pte Ltd
E
E & I Food Concepts Pte Ltd
Eatz 19 Pte Ltd
Eco-Business Pte Ltd
Ecosoftt Pte Ltd
Ecosphere Hotel Group Pte Ltd
Edible Garden City Pte. Ltd.
Elsa Health (Asia) Pte Ltd
Enabled Private Limited
E-nitiate Pte Ltd
Enterprising Mums United LLP
Envisage Education Pte Ltd
Envisage Social Limited
Epsilon Plastics Pte Ltd
Etch Empathy Ltd
Euforia Singapore Pte Ltd
Extraordinary HorizonsF
F4M Management & Consultancy Pte Ltd
Facilit8te Pte Ltd
Faith Music Centre Pte Ltd
Family Tales Pte Ltd
Five Blessings Food Hall Pte Ltd
Flourish Culinary Pte Ltd
FlowerRiot LLP
Food Playground Pte Ltd
For[e]word Pte Ltd
Freedom Cups Pte Ltd

76

G
GAT (Gift and Take) Pte Ltd
Genesis Gardens Pte Ltd
GeoBal Pte Ltd
Gifted Gigs Pte Ltd
Gift-It-Forward Pte Ltd
Givo Pte ltd
Givola Pte Ltd
Glow In The Dark Enrichment LLP
Gobbler Pte Ltd
Gokujo Lab Pte Ltd
Gradtutors Tuition Agency
Greenhorn Enterprise
Ground-Up Innovation Pte Ltd
Groundworks Pte Ltd
H
HalalXpert Pte Ltd
Happy Hawkers Ltd
Harvard Little Pte Ltd
Healing Horses
Healthy Mind Online Pte Ltd
Hearty Spin Pte Ltd
HeavenThea HR Consulting & Services
Heorte Pte Ltd
Heyday Innovate Pte Ltd
Highlands Green Pte Ltd
Hijrah Pte Ltd
His Agri Pte Ltd
HMI Institute of Health Sciences Pte Ltd
Homage Co Pte Ltd
Hope Epoh Enrichment Pte. Ltd
Huffe Pte Ltd
Hydroemission Corporation Pte LtdI
IAMONE Pte Ltd
iArtsg Pte Ltd

77

Ichiban Nurtureland Academy Pte Ltd
iFood Pte Ltd
IIX Foundation Limited
I’m Soul Inc Pte Ltd
Inclusion Therapy Pte Ltd
Indie Travellers LLP
Indie Wonderland Pte Ltd
Infinite Cre8 LLP
Inner Beauty Crusade Pte Ltd
Insight N Access Pte Ltd
Institute Of Aromatherapy Enhancement Pte Ltd
Integrating (Private Limited)
IO Resources Pte Ltd
J
Jobs and Staff Pte Ltd
Jolly Good Greens LLP
Joytingle Pte Ltd
Joywaltzstudio Pte Ltd
Jules Ventures Pte Ltd
Junior Art Lab LLP
Just Change (Private Limited)
Just Coffee Company Pte Ltd
K
Kitchen Sink Drama
Kletos Healthcare Pte Ltd
Kletos Media LLP
Knowledge Playground Private Limited
Kramer Pte Ltd
Kuiddle Pte Ltd
L
Lab Giant Private Limited
Lee Ah Mooi Old Age Home
Lemongrass Factory
Lienstudio
LifeStak Pte Ltd

Lime Agency Pte Ltd
Limitless Pte Ltd
Literacy Initiative For Equity (LIFE) SG
Little Grey Matter (Pte) Ltd
Loov Pte Ltd
Lotus Eldercare Pte Ltd
Love.Movers
Love.Terrarium
M
MACH
Make the Change Pte Ltd
Makedemy Pte Ltd
Mamashop Enterprise Pte Ltd
Mangrove Learning Pte Ltd
Marvelous Works SG
Mattans Pte Ltd
Maxi-Business Alliance Pte Ltd
ME SOLshare International Pte Ltd
Medarwin Pte Ltd
Memento Health Pte Ltd
Mendaki Sense Pte Ltd
MindBodyAdvisor
Mini Puff OriginalMontessori for Dementia Care Pte Ltd
Mustard Tree.Com.Sg (Pte Ltd)
Mutts & Mittens Pte Ltd
MyHelper Pte Ltd
MyWork SG Pte Ltd
N
Nannies on Wheels LLP
New Life Stories Limited
New Media Training Pte Ltd (SEOciety)
NTUC Link Private Limited
Nupaper Co Pte Ltd
Nusantara Development Initiatives Ltd(Chapter W)

O
O2n2 Pte Ltd
OhMyHome Pte Ltd
OnTheGo Creatives
Orivo LLP
Our Learning Lodge Pte Ltd
P
Pangolin Films Pte Ltd
Pangolin Productions Pte Ltd
PapayaPaths
parXcellence Pte Ltd
Patsfield Services Pte Ltd
Personalised Love Pte Ltd
Pets Eden Spa & Salon LLP
Philemon Lifestyle Pte Ltd
Phoenix Dragons
PLAYsg! LLP
Pollen Nation
Popejai Pte Ltd
Popsocial Asia
Positive Intentions Pte Ltd
Prakti Pte Ltd
Praxium (Pte Ltd)
Present Present Limited Liability Partnership
Pro2Grow Pte Ltd
ProAge Pte Ltd
Project Dignity Pte Ltd
Project Happy Feet Limited
Project We Forgot Pte Ltd
PsychKick Pte Ltd
PulseSync Pte Ltd
Purple Threads
Push Pull Give Pte Ltd
R
Raffles Student Care Centre LLP
Rawon King Express Pte Ltd

78

Rebel and Soul Pte Ltd
Reta Social Enterprise
Rising Beyond Pte Ltd
Ruanatworkz Musical ArtsS
Salad Days
Sanrakshan Pte Ltd
SAS Cleaning Services Pte Ltd
SaveAGram
School of Concepts Pte Ltd
Seasalt The Company Pte Ltd
Seedswork Pte Ltd
Senior Active Pte Ltd
Sera World LLP (f.k.a. Ave Marketing LLP)
ServeHope Pte Ltd
Seventy Eight Holding Pte Ltd
Sew into It LLPSG Healthy Living Pte Ltd
SG Makers Association Ltd
Shop2Share Pte Ltd
SILAF Pte Ltd
Silver Spring Private Limited
Singapore Delivery Services Pte Ltd (SDS)Singapore Fashion Runway
Singapore Indian Theatre & Film Explorers Pte Ltd
SnapJobs Pte Ltd
SoCh in Action Pte Ltd
Social Food Inc. Pte Ltd
Social Ink Pte Ltd
Social Lab Ltd. (Dialogue in the Dark)
Social Squared Ventures Pte. Ltd.
Social Weaver Pte Ltd
Society Staples Pte Ltd
SOHO Nature
Sonam Rabgye Pte Ltd

79

Soon Huat Bak Kut Teh Pte Ltd
Soon Huat Without Borders Pte Ltd
SOOS OIO LLP
Soristic
Soul Food Enterprise Pte Ltd
Sound Advisers
SoundEye Pte Ltd
Spartan Sports Pte Ltd
Skillseed Pte Ltd
Sponsorable Pte Ltd
Starlight Music Asia Pte Ltd
StillWaters Services Pte Ltd
Stirring Hearts Pte Ltd
Success.Nat Tutorial Centre
Sums91 Lifestyle Pte Ltd
Superhelper Pte Ltd
Superstar Nanny Services
Sustainable Living Lab Pte Ltd
T
TagBio Pte Ltd
TalentRefreshed
Talent’sGift
Tanglin Hawker Initiative Pte Ltd
Tea Ideas Pte Ltd
Teag Pte Ltd
Tech 12 Group Pte Ltd
Techclusive Pte Ltd
TechX Singapore Pte Ltd
That’s Us Limited
The Animal Project Pte Ltd
The Cha Project Pte Ltd
The Clay Day
The Collective Effort LLPThe Companion Private Limited
The Conscious Lifestyle Pte Ltd

The Dorsal Effect Pte Ltd
The Exhale GroupThe GoodWater Company Pte Ltd
The Hidden Good Pte Ltd
The Hub Singapore Pte Ltd
The Living Taste LLP
The Nail Social Pte Ltd
The Project Nomad Limited Liability Partnership
The Prosthetic Company Pte Ltd
The Sapling
The Sewing Biz
The Singapore Curry Pte Ltd
The Singapore Shawl Pte Ltd
The Social Iron Pte Ltd
The Special People
The Village Source Pte Ltd
The Volunteer Switchboard
TheSocialCo Pte Ltd
Thinx Global
Thinx Plantae Care
Timbre Group Pte Ltd
Tomo Learning Hub Pte Ltd
Tomo Training Consulting Group Pte Ltd
Traditional Arts
Train Kids
Traqxion Pte Ltd
Trusparensee Inc Pte Ltd
Tuckshop Management Services LLP
TVworkshop Asia Pte Ltd
Tware Pte Ltd

V
V Consulting (Kids Code Academy)
V@ARTISAN
Value Bereavement Ltd
Vegan Ark
Verace Food & Luxuries Pte Ltd
Vibes Mastery Success Academy
Viraj Eyecare Group Pte Ltd
Viraj Healthcare Foundation Limited
VitalSense Pte Ltd
Volcano Web Solutions Pte Ltd

U
Ugly Cake Shop LLP
Unframed Pte Ltd
USQL LLP

Z
Zenitant System Pte Ltd
Zureli Private Limited

W
W.E. Social Enterprise Pte Ltd
Waldorf Steiner Education Association
Warren Consultants
Wateroam Pte Ltd
WeClean Services Pte Ltd
Welu Pte Ltd
Whizmeal Private Limited
Winsworks LLP
Wise Enterprise Pte Ltd
Witcharut Group Pte Ltd
Workbean Pte Ltd
Y
Yearn to Learn Pte Ltd
Yolt LLP
Yonah Pte Ltd
Yuvo Pte Ltd

LISTING CORRECT AS OF 31ST MARCH 2017.
FOR AN UPDATED LIST OF OUR SE MEMBERS,PLEASE REFER TO OUR DIRECTORY:
WWW.RAISE.SG/DIRECTORY

80

81

OUR SPONSORS & PARTNERSTHANK YOUTO OURPARTNERS

82

83

raiSE + YOU +OUR PARTNERS= #PARTOFTHEGOODOUR SPONSORS & PARTNERS

American Chamber of Commerce
Action for Entreprenuership (ACE)
Agency for Integrated Care
Asia Centre for Social Entreprenuership& Philanthropy, NUS Business School
Asian Venture Philanthropy Network
Australian Chamber of Commerce
Bain & Company
Be An Idea
Ben & Jerry’s
Bethesda Café
British Chamber of Commerce
Olswang
Datakind SG
DesignSingapore Council
Eden Strategy Institute
Filos Community Services
IE Singapore
Impact Hub Singapore
INSEAD
Institute of Mental Health
JTC
Jungle Ventures
Kinerja Bisa
Lady Boss
Law Society of Singapore
Lien Centre for Social Innovation
LIFE.Sreda
Lion Befrienders
LithanNAIISE
National Volunteer Philanthropy Centre
National Youth Council
O’Joy Care Services
Ogilvy & Mather
Orcadesign
Overspective
Padang & Co
Participate in Design
Peatix
Rice Communications
SAFRA Entreprenuership ClubSAFRA Youth Network
SCAPE
Silver Ribbon (Singapore)
Singapore Anglican Community Services
Singapore Fashion Runway
Singapore Malay Chamber of Commerce
SingtelSME Centre @ SMCCI
SNCFStartup Grind
Tata Trusts
TEDX
Tie Singapore
Timbre Group
ToteBoard
UniSIM
We Care Community Services

BE#PARTOFTHEGOOD

Visit us at www.raise.sg@raisesingapore

86Singapore Centre for Social
Enterprise, raiSE Ltd
RN 201504700H
All Rights Reserved
79 Ayer Rajah Crescent#02-01/02
Singapore 139955+65 6460 0800
enquiries@raise.sg
www.raise.sg
facebook.com/raisesingapore