Follow Singapore Immigration and Singapore Life: Singapore will pilot a social enterprise mentorship program in December, where entrepreneurs will act as mentors to guide social enterprises.
According to reports, this mentorship program is being implemented by the Singapore Ministry of Social and Family Development. Experienced business professionals and entrepreneurs will take on the role of mentors, sharing their experiences and insights with social enterprises to help them scale their operations, thereby enhancing their social impact and assisting more people.
On October 14, Singapore President Tony Tan Keng Yam announced this news at the annual seminar held by the Singapore Centre for Social Enterprise. President Tan stated that in the face of severe challenges, social enterprises need support from both the public and private sectors to strike a balance between social and financial returns.
It is reported that with the support of the "Comcare Enterprise Fund" under the Ministry of Social and Family Development, five social enterprises have been selected to join this pilot program. The selection of mentors is still being finalized, but at least ten have been confirmed so far.
