FAQ - What do we look for in applications?

Applications must show that the social enterprise has:

A Compelling Social Objective

• Clear engagement model to sustain social objectives that addresses a gap/need in Singapore.
• Prior engagements with validation from SSAs, sector experts and intended beneficiary groups are encouraged. Proposed interventions or social objectives should preferably be validated with a pilot/proof of concept.

A Viable Business Proposition

• Strong business model and feasible operations plan. Proposal should include information such as potential size, market survey, product differentiation, product pricing, potential competitors and strategies to sustain the business.
• Reasonable organisational capabilities and capacity to carry out its plans to achieve sustainability and growth.

A Committed Team

• Management and implementation team should demonstrate commitment and ability to execute proposal.
• Members of the team should possess relevant experience and expertise in the market/ industry that the social enterprise operates in. The team should also preferably possess some experience in working on the social need.
• Management and implementation team possesses a mind-set geared towards results, accountability, sound business principles and a clear understanding of the social need.

Submission details