Two resilient social enterprises receive increased funding from Singapore International Foundation and Deutsche Bank

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The winners of the SIF-Deutsche Bank Made for Good Award receive $ 10,000 each in recognition of their resilience and commitment in these difficult times.

India – Business Wire India The Singapore International Foundation (SIF) and Deutsche Bank have teamed up to launch the SIF-Deutsche Bank Made for Good Award. The award aims to support and encourage social enterprises that have demonstrated great resilience and innovation in adapting their business to produce social impact despite the challenges posed by the COVID-19 pandemic.

The winning social enterprises were announced on Social Enterprise Day 2021, which honors and raises awareness among cause-driven businesses that come up with solutions to solve social problems. The two winning social enterprises are (in alphabetical order): • Mitti Café (YSE Regional 2019, India) Mitti Café is a social enterprise in Karnataka and West Bengal, India that offers employment and entrepreneurship opportunities adults with physical disabilities through the creation of café-restaurants within institutional spaces. During the pandemic, Mitti Café diversified its sources of income by moving its chain of cafes to higher-traffic areas and working with non-governmental organizations to launch an e-commerce platform that sells products made by their beneficiaries. . Mitti Café has also since served at least two million meals to frontline healthcare workers, patients, their families and other vulnerable communities.

• Native (YSE Global 2019, Malaysia) Native is an impact travel social enterprise in Selangor, Malaysia that enables the indigenous Orang Asli community to host immersive cultural experiences as a livelihood. With the tourism industry at a standstill due to travel restrictions, Native began selling durians sourced directly from its partner communities. The social enterprise has become the leading brand of locally sourced durian in Malaysia, with 40% of durian sales going directly to its beneficiaries. Native has also equipped its partners with basic digital skills and tools and now offers virtual travel experiences, creating a new source of income for them.

Social enterprises will each receive S $ 10,000 and advertising support from SIF. The winners defeated other alumni of SIF’s global and regional Young Social Entrepreneurs (YSE) programs, comprising more than 1,300 change agents from 42 nationalities. Candidates had to demonstrate their ingenuity and innovation in these difficult times and assessed on the sustainability of their business models and social impact.

Ms. Jean Tan, Executive Director of SIF said: “Our former YSE students have proven to be agile and adaptable in the face of COVID-19. Many have changed their business model or pivoted to provide new products and services to survive this pandemic and serve vulnerable people. We are very proud of them and happy to be able to support and celebrate them with this award. We are also honored to present this award with Deutsche Bank, a long-time partner of our YSE program and steadfast champion of good business. Ms. Annie Yeo, Head of Corporate Social Responsibility, Asia, Deutsche Bank, said: “Social enterprises are an important source of social innovation while improving lives and filling key societal gaps. Too often, social entrepreneurs do not have equal access to the capital and business networks they need to support and grow their businesses. As a motivated bank that supports the success of all kinds of entrepreneurial ventures, we believe that by supporting the ecosystem of social enterprises, we can help promote social progress around the world. Social enterprises like Mitti Café and Native are proving that businesses can – and should – do good, and we’re proud to support them on their journey today. Ms. Alina Alam, Founder and Managing Director of Mitti Café (YSE Regional 2019, India), said: “We are honored to have been selected as one of the social enterprises to receive the SIF-Deutsche Bank Made for Good Award. We are also grateful for the mentorship and support received over the years as a YSE alumnus. This award will certainly be of great help in our journey towards realizing the vision of economic independence and dignity for all. Mr. Daniel Teoh, Founder of Native (YSE Global 2019, Malaysia), said: “It has been great to be part of the YSE network so far and we are very grateful for this recognition. The award will provide important support as we continue to empower indigenous communities in Malaysia, especially in these difficult times. The special award was also created to commemorate SIF’s 30th anniversary, celebrating three decades of making friends for a better world that has seen YSE programs bring together change makers from around the world through social entrepreneurship to network. , collaborate and start 618 businesses in Singapore and beyond since 2010. SIF has so far awarded S $ 790,000 in grants to 47 social enterprises under these programs.

An impact study conducted in YSE’s 10th year found that 75 percent of social enterprises moved from early stage to early stage and beyond after joining YSE Global, with 70 percent of alumni of shortlisted YSEs still active in creating a positive social impact and 86 percent of funded teams still active.

About the Singapore International Foundation The Singapore International Foundation makes friends for a better world. We build lasting relationships between Singaporeans and global communities and harness those friendships to enrich lives and bring about positive change. Our work is rooted in the belief that intercultural interactions provide information that enhances understanding. These exchanges inspire action and allow collaborations for good. Our programs bring people together to share ideas, skills and experiences in areas such as health, education, arts and culture, as well as livelihoods and business. We do this because we believe that we can and should all do our part to build a better world, a world we see as peaceful, inclusive and offering opportunities for all. For more information, visit www.sif.org.sg About Deutsche Bank Deutsche Bank offers commercial and investment banking, retail banking, transactional banking and asset management products and services and wealth to businesses, governments, institutional investors, small and medium-sized enterprises, and individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia-Pacific.

About Deutsche Bank’s Made for Good Program Deutsche Bank’s corporate social responsibility mission is to empower communities and economies to thrive. Supporting entrepreneurial businesses that create broader social good is a natural extension of what Deutsche Bank does for businesses of all sizes and purposes, every day, all over the world.

The bank’s Made for Good global business program builds on this experience to help start-ups and start-ups (micro, nonprofit, and commercial enterprises) build momentum and capacity. To prepare them for long-term sustainability, Made for Good focuses on preparing them for investment, networks and operating systems, and access to finance.

To view the image, click on the link below: Ms. Alina Alam, Founder and CEO of Mitti Café (bottom row, second from right) was part of the Singapore International Foundation (SIF) Young Social Entrepreneurs ( YSE) Regional | Bangalore program in 2019 PWR PWR

(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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