This enables the establishment to identify service gaps to be rectified so that they can be benchmarked against the service standards. Home; ComCare Enterprise Fund (CEF) Submitted by subscriptions on Thu, 06/14/2012 - 00:00. Fund is granted after careful appraisal of businesses on a case by case basis and could fund up to 50% of the project cost. Work Support (WS) – Financial assistance for families undergoing difficulties with a household income of less than $1500/month. A social enterprise is a business that is not only focused on profit but also aims to benefit the needy disadvantaged groups and achieve overall social change. What is OpenID? It is capped at $300,000. Cleanaway was pummelled by investors on Thursday after chief executive Vik Bansal resigned in a "mutually agreed" decision with the board, following a deluge of … CEF abbreviation stands for ComCare Enterprise Fund. SPRING along with Restaurants Association of Singapore is developing service standards for various types of establishments. ComCare Enterprise Fund (CEF): The Ministry of Community Development, Youth & Sports administers the ComCare Enterprise Fund that provides seed funding for social enterprise start-ups (strictly from the social service areas) that train and employ disadvantaged Singaporeans of up to 80% of the capital expenditure and first two years’ operating costs, subject to a maximum of S$300,000. ComCare Enterprise Fund (ECF) is another recommended grant that people should consider today. -ComCare Enterprise Fund (set up by MSF since 2005). If the startup has completed two years, it can seek funds for expanding its activities. The ComCare Fund supports different social and work assistance programs and is administered by the government. GSEN is an initiative launched and incubated by UnLtd, the foundation for social entrepreneurs in the UK. Get a grant of … CEF-funded social enterprises should be registered as separate legal entities for accountability and effectiveness. It is managed by the Ministry of Social and Family Development, and the primary objective is to support social enterprise startups. Social enterprises will be able to tap on more grants from the ComCare Enterprise Fund (CEF) from January 2012. ComCare Enterprise Fund Enhanced. This grant is specially created to provide enough fund for all social enterprises who help needy disadvantaged Singapore citizens become self-reliant. ComCare Enterprise Fund C A programme under ComCare SelfReliance . Eligibility: Social enterprise startups that hire and train disadvantages Singaporeans. ComCare Enterprise Fund (CEF) The ComCare Enterprise Fund finances up to 80% of project costs for social enterprise start-ups which help disadvantaged Singapore citizens become self-reliant by providing employment and training. They use business to drive social change. - SDG$20,000 in grants for fresh social enterprise ideas. E.g. - Financial support of social enterprises expansion which has operated for two or more years. Apart from these, there are Incubator Development program, Fast Tech, IDEAS Fund. The ComCare Enterprise Fund (CEF) works through the Ministry of Social and Family Development, providing seed funding for social enterprise startups that employ disadvantaged locals. Mr Hon, the Chairman and former CEO of NEC Solutions Asia Pacific Pte Ltd, is Chairman of the ComCare Enterprise Fund which provides seed funding to sustainable social enterprises for the needy disadvantaged in Singapore. The CEF, originally launched to dispense start-up money to new social enterprises, will be expanded in scope. 09 Dec 2011. The VentureForGood grant call will be open for application all year round starting from 1 September 2019.To express your interest in the VFG grant, the following documents should be submitted to vfg@raise.sg:. It aims at enhancing the community’s capability to help itself come out of the poverty zone. How: For the first two years funds a maximum of 80% of the capital expenditure and operating costs up to $300,000. What is the abbreviation for ComCare Enterprise Fund? Examples of Social Enterprises Incubated by NUS Enterprise Centre 06 Glossary of Terms Acronym Name AVPN Asian Venture Philanthropy Network BoP Base of the Pyramid CCF Central Co-operative Fund CEF ComCare Enterprise Funding CIC Community Interest Company IIX Impact Investment Exchange Asia MSF Ministry of Social and Family Development NEC NUS Entrepreneurship Centre … ComCare Enterprise Fund (CEF) – Gives seed funding of up to $300k to social enterprise start-ups that provides employment and training opportunities to disadvantaged Singapore Citizens. Every year, they fund a new class of fellows and this year they are providing more than 4.6 million USD in unrestricted seed-stage funding and strategic foundational support for emerging leaders who are working to bring about positive change. What does CEF stand for? ComCare Enterprise Fund. ComCare Enterprise Fund. Acknowledging the award recipients for their time and effort in serving the community, Mr Tan noted that volunteering is not an easy task. Issues Many issues surrounding the ComCare Fund were raised. It was created to provide capital to social entrepreneurs who have credible and implementable business ideas. Enterprise Apps; Help and Support; My Apps; Customer Stories; Insights. Eligible persons include ex-offenders, less educated and older citizens as well as persons recovering from psychiatric illnesses. It came about after the MSF teamed up with two organisations - the National University of Singapore's Entrepreneurship Centre and Singapore Management University Institute for Innovation and Entrepreneurship. 1 Social enterprises focus on social causes. It is available for all enterprises that operate within the social service area. ComCare Enterprise Fund; Leading VC Firms in Singapore B Capital Group; Golden Gate Ventures; Jungle Ventures; 500 Startups; Singtel Innov8; Sequoia Capital; Monk’s Hill Ventures; Quest Ventures; SREDA; Wavemaker Partners; Top 10 Best Funded Startups 2017 (As published in TechInAsia) Grab; Sea; AirTrunk; Viu; HOOQ; Trax Image Recognition; TenX; Sunseap; KyberNetwork; MyRepublic; … It is instituted by the Ministry of Social and Family Development. The several Debt Financing Schemes include: Micro loan programme; Loan Insurance scheme; Local Enterprise Finance Scheme; Tax Exemptions for Start-up Development and Expansion Incentive ; Productivity and Innovation Credit; Pioneer Incentive Scheme; … The Comcare Enterprise Fund (CEF) is a programme under Comcare Selfreliance offered by the Ministry of Community Development, Youth & Sports (MCYS) to provide seed funding to start sustainable business enterprises which are focused on helping the needy in Singapore. Enterprise fund (CEF) The CEF provides seed funding for sustainable new social enterprises that train and/or employ needy disadvantaged Singaporeans. The ComCare Fund also dispenses long term financial assistance, which is labelled as Public Assistance. $300,000 for social enterprises that train and employ disadvantaged Singaporeans under the ComCare Enterprise Fund (CEF) $300,000 to new cooperatives under Central Cooperatives Fund; Corporations like DBS are also aggressively supporting Singapore’s Social Enterprise scene. The ComCare Enterprise Fund, which provides budding social enterprises with seed funding of up to $300,000, regards this aspect so important that one of its grant-qualifying conditions is the provision of employment opportunities and skills training for needy and disadvantaged Singaporeans. ComCare Enterprise Fund (CEF) The ComCare Enterprise Fund (CEF) is a fund administered by the Ministry of Social and Family Development (MSF) to provide seed funding for social enterprise startups focused on providing social services to the society. Named the Youth Social Entrepreneurship Programme for Start-Ups, the scheme provides a new tier of funding under the ComCare Enterprise Fund. Techblog; Recommends; Broadband; Join for free; Login; Log in using OpenID . ComCare. ComCare Enterprise Fund. Named the Youth Social Entrepreneurship Programme for Start-Ups, the scheme provides a new tier of funding under the ComCare Enterprise Fund. The ComCare Enterprise Fund (CEF) is relatively new government grants for startups, instituted to provide funding to the social entrepreneurs. • Enhance the ComCare Enterprise Fund (CEF). UnLtd is the trading name for The Foundation for Social Entrepreneurs, a company limited by guarantee, and registered in the UK company number 4180639, registered office 123 Whitecross Street, London EC1Y 8JJ, UK, and a charity registered in England and Wales number 1090393. The CEF should prioritise support for work-integration social enterprises, with funding going to proposals with better business viability and expressed commitment of own or 3rd-party investments. Both will provide mentorship … CCF Central Co-operative Fund CEF ComCare Enterprise Funding CIC Community Interest Company IIX Impact Investment Exchange Asia MSF Ministry of Social and Family Development NEC NUS Entrepreneurship Centre NUS National University of Singapore SE Social Enterprise SEA Social Enterprise Association SEDC Social Enterprise Development Centre SNCF Singapore National Co-Operative … Open Grant Call . It is aimed at seeding the Social enterprise startups. They believe in investing in and supporting the right people as well as their business plans. 5 - SDG$100,000 seed grants for SE start-ups. Public Assistance is designed for individuals who are unable to work due to; old age, illness or unfavourable family circumstances9. The ComCare Enterprise Fund is a $3 million fund which has been set aside to provide seed money to start social enterprises to help the needy. 1. ComCare Enterprise Fund (CEF): The Ministry of Community Development, Youth & Sports administers the ComCare Enterprise Fund that provides seed funding for social enterprise start-ups (strictly from the social service areas) that train and employ disadvantaged Singaporeans of up to 80% of the capital expenditure and first two years’ operating costs, subject to a maximum of S$300,000. ComCare Enterprise Fund; Incubator Development Programmes. ComCare Enterprise Fund is one of the new grants for startups provided by the government. Tweet. Username * Password * Log in using OpenID; Cancel OpenID login; Create new account; Request new password; You are here. Among the most complicated ones, lack of support from the business sector was the major concerns.