Issues faced by social enterprises discussed at forum [News]
By Toni Waterman, Channel NewsAsia, 14 Jun 2013.
Funding and awareness were the two main problems raised by social enterprises in Singapore at the Impact Forum on Friday.
The conference focused on turning capital markets into forces for social good.
Experts said a social stock exchange could help these socially-conscious but commercially-run businesses kill two birds with one stone.
There are roughly 200 social enterprises in Singapore, according to the Social Enterprise Association.
The funding model for most of them is like a “sandwich”, where one has money coming from the top – the government and big organisations – and money coming from the bottom, referring to friends and family.
It is the “meat” that needs some beefing up.
Ben Pwee of the Ben Pwee Foundation, said: “There needs to be a lot more players from civic society that would be willing to step up and resource some of these good ideas, help them with their business models, their finance proposals, so that it is robust enough for them to go from prototype, to pilot, to scale. I think that is one of the biggest challenges in that space.”
Some said that a social stock exchange could also help close the gap.
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Source: Channel NewsAsia