• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
President's Challenge Social Enterprise Award Brochure 2012
 

President's Challenge Social Enterprise Award Brochure 2012

on

  • 17,111 views

“The President’s Challenge Social Enterprise Award aims to recognise outstanding social enterprises which are innovative and have made significant sustained contributions to the disadvantaged in ...

“The President’s Challenge Social Enterprise Award aims to recognise outstanding social enterprises which are innovative and have made significant sustained contributions to the disadvantaged in our community. I hope that through this new award, the President’s Challenge will inspire more individuals, particularly our youths, to develop business ventures that also serve social causes.”
- President Tony Tan Keng Yam Launch of PC 2012 27 March 2012

Statistics

Views

Total Views
17,111
Views on SlideShare
847
Embed Views
16,264

Actions

Likes
0
Downloads
1
Comments
0

3 Embeds 16,264

http://www.goodpaper.sg 16257
http://feeds.feedburner.com 6
http://www.boostvisits.com&_=1390760632601 HTTP 1

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    President's Challenge Social Enterprise Award Brochure 2012 President's Challenge Social Enterprise Award Brochure 2012 Document Transcript

    • PRESIDENT’S CHALLENGE2012 SOCIAL ENTERPRISE AWARD AWARD BROCHURE |
    • PRESIDENT’S CHALLENGE SOCIAL ENTERPRISE AWARD 2012“The President’s Challenge Social Enterprise Award aims to recognise outstanding socialenterprises which are innovative and have made significant sustained contributions to thedisadvantaged in our community. I hope that through this new award, the President’s Challengewill inspire more individuals, particularly our youths, to develop business ventures that also servesocial causes.” - President Tony Tan Keng Yam Launch of PC 2012 27 March 2012INTRODUCTIONLaunched in March 2012, the President’s Challenge Social Enterprise Award, is the only award withinthe social enterprise sector in Singapore that aims to recognize outstanding social enterprises fortheir contributions made to the social services sector.Social enterprises are businesses with a social mission. Social enterprises derive majority of theirearned income through trading activities. Social enterprises strive to achieve both financialsustainability and their social objectives. The profits earned through their sustainable operations aregenerally ploughed back to further their social causes.OBJECTIVESThe objectives of the President’s Challenge Social Enterprise Award are: a) To recognize successful and sustainable social enterprises which operate and create social impact in Singapore; b) To inspire aspiring social entrepreneurs and youths to develop innovative and sustainable social enterprises targeted at the local social services sector; and c) To enhance public awareness of social enterprises by sharing best practices and success stories of award winners.AWARDS COMMITTEEThe President’s Challenge Social Enterprise Award winners will be selected by an Awards Committeecomprising distinguished members from the corporate, people and public sectors. The AwardsCommittee will be appointed annually by the Permanent Secretary of the Ministry of CommunityDevelopment, Youth and Sports. 2|P a g e
    • AWARD CATEGORIESThe President’s Challenge Social Enterprise Award consists of three Award categories: a) Social Enterprise of the Year - For social enterprises which have incorporated or operated for more than 2 years b) Social Enterprise Start-up of the Year - For social enterprises which have incorporated or operated for 2 years or less c) Youth Social Enterprise of the Year - For social enterprises founded and managed by youths aged under 35 years oldEach social enterprise can choose to apply in only one category of Award. The Awards Committeereserves the right to re-assign the social enterprise to another Award category best suited to thesocial enterprise based on its size, experience and maturity.ELIGIBILITY CRITERIATo be eligible for the Award, social enterprises must be: a) Incorporated/registered in Singapore; and b) Operating and creating social impact within the social service sector in Singapore.In line with President’s Challenge, social enterprises should serve the following key beneficiarygroups: a) Ex-offenders and ex-drug abusers; b) Persons with disabilities; c) Persons recovering from psychiatric illness; d) Children; e) Youths-at-risk; f) Elderly; and g) Individuals from needy families.Social enterprises serving other beneficiary groups within the social service sector in Singapore willbe considered based on the merits of each application. 3|P a g e
    • JUDGING CRITERIANominees for the President’s Challenge Social Enterprise Award will be evaluated based on thefollowing key criteria: a) Social Impact - Social enterprises are expected to show how their operations, in particular, their products/services/business models, have benefited the disadvantaged in the community. For example, enhancing self-reliance amongst needy disadvantaged persons through employment opportunities or committing a significant portion of their profits towards meeting their social purpose. b) Leadership/Governance - Social enterprises’ leaders are expected to demonstrate their vision, commitment and perseverance, ability to provide strategic direction and building team commitment as well as ensuring corporate governance. c) Business Performance & Financial Viability - Social enterprises are expected to demonstrate the effective use of resources and their ability to operate a sustainable business, as indicated through their financial accounts. Strong preference will be given to social enterprises which derive majority of their earned income through trading activities. Social enterprises which can show scalability in their business model would have an advantage. d) Innovation & Productivity Improvement - Social enterprises are expected to demonstrate entrepreneurial thinking behind their set-up including application of innovation and productivity improvements in their products/services/business processes. e) Working Environment of Social Enterprise - Social enterprises are expected to show how they have sought to prove a good and safe working environment for their employees, especially the disadvantaged ones, including evidences of effective communication channels between management and employees as well as good human resource practices.SELECTION PROCESSParticipation for the President’s Challenge Social Enterprise Award is by self-nomination using theofficial 2012 President’s Challenge Social Enterprise Award Nomination Form. The completed formand the required supporting documents must be submitted by 31 August 2012 at 5pm to:President’s Challenge Social Enterprise Award Secretariatc/o Ministry of Community Development, Youth and Sports512 Thomson Road #08-00 MCYS BuildingSingapore 298136 4|P a g e
    • All eligible nominations will be assessed as follows:AWARDS AND PRIZESAward winners will be invited to attend the Award presentation ceremony to be held inDecember 2012.Each Award winner will receive: a) A Trophy; and b) Cash Award - Social Enterprise of the Year : S$15,000 - Social Enterprise Start-up of the Year : S$10,000 - Youth Social Enterprise of the Year : S$10,000ENQUIRIES AND INFORMATIONFor more information regarding the President’s Challenge Social Enterprise Award and to download acopy of the Nomination Form, please refer to the website: www.pc.org.sg/SocialEnterpriseAward.aspxor email the Award Secretariat at: mcys_se@mcys.gov.sgNote:All decisions made by the Awards Committee are final and binding in all aspects related to the Awards. The Awards Committee, at its solediscretion, reserves all rights to modify the rules and criteria for the Awards. The Awards Committee also reserves the right to withdraw orrevoke any award that has been made and/or presented. 5|P a g e