What is the VentureForGood Grant?
The VentureForGood (VFG) grant is a funding scheme under raiSE to support social enterprises in various stages of their business. New and existing social enterprises who are starting up or expanding their operations can apply for up to $300,000 in grants. The VentureForGood grant call will be open for application all year round starting from 1 September 2019.
Who can apply for the VentureForGood Grant?
The raiSE Grant is open to all new and existing locally based social enterprises that are registered/ intend to register under the Companies Act or Co-operative Societies Act. For applicants who have not incorporated their business at the point of application and are in the process of prototyping, a partnership with a relevant Social Service Agency (SSA) and/or validations with intended beneficiary groups should be illustrated.
The company should be incorporated and be registered as a raiSE member at the point of grant disbursement.
The social enterprise should be addressing a local social gap/need through one or more of the following outcome areas to be eligible:
– Provision of employment opportunities
– Provision of good and services, in the areas of (i) education, (ii) skills development, (iii) basic human needs, (iv) economic tools and services and (v) health care / social care.
– Capacity building for organisations in the social sector
– A social gap (identified by a public sector agency) that is not specifically targeted at beneficiary groups, but delivering impact to build resilient communities. Examples include mental health & well-being, ageing, caregiving and also emerging needs such as food and water security.
For more details on the application click here.