Malaysian social enterprise, Native, beats a global field as one of two SIF-Deutsche Bank Made for Good Award winners
- The award aims to support social enterprises that have demonstrated great resilience and innovation
- Winners receive S $ 10,000 each in recognition of their resilience and commitment through difficult times
The Singapore International Foundation (SIF) and Deutsche Bank have teamed up to launch the SIF-Deutsche Bank Made for Good Award. The award aims to support and encourage social enterprises that have demonstrated great resilience and innovation in adapting their business to produce social impact despite the challenges posed by the COVID-19 pandemic.
The winning social enterprises were announced on Social Enterprise Day 2021, which honors and raises awareness among cause-driven businesses that come up with solutions to solve social problems.
Native (Young Social Entrepreneurs Global 2019, Malaysia)
Native is an impactful travel social enterprise in Malaysia that enables the indigenous Orang Asli community to host immersive cultural experiences as a livelihood. With the tourism sector at a standstill due to travel restrictions, Native began selling durians sourced directly from its partner communities. The social enterprise has become the leading brand of locally sourced durian in Malaysia, with 40% of durian sales going directly to its beneficiaries. Native has also equipped its partners with basic digital skills and tools and now offers virtual travel experiences, creating a new source of income for them.
Daniel Teoh, Founder of Native, said: âIt has been great to be a part of the YSE network so far and we are very grateful for this recognition. The award will provide important support as we continue to empower indigenous communities in Malaysia, especially in these difficult times. “
Mitti CafÃ© (Young Social Entrepreneurs Regional 2019, India)
Mitti CafÃ© is a social enterprise in Telangana, India, which provides employment and entrepreneurship opportunities for adults with intellectual and / or physical disabilities through the establishment of coffee shops in institutional spaces. During the pandemic, Mitti CafÃ© diversified its sources of income by moving its chain of cafes to higher-traffic areas and working with non-governmental organizations to launch an e-commerce platform that sells products made by their beneficiaries. . Mitti CafÃ© has also since served at least two million meals to frontline healthcare workers, patients, their families and other vulnerable communities.
Alina Alam, Founder and CEO of Mitti CafÃ©, said: âWe are honored to have been selected as one of the social enterprises to receive the SIF-Deutsche Bank Made for Good Award. We are also grateful for the mentorship and support received over the years as a YSE alumnus. This award will certainly be of great help in our journey towards realizing the vision of economic independence and dignity for all. “
Social enterprises will each receive US $ 7,370 (S $ 10,000) and advertising support from SIF. The winners defeated other alumni of SIF’s global and regional YSE programs, comprising more than 1,300 changemakers from 42 nationalities. Applicants had to demonstrate their ingenuity and innovation in these difficult times and assessed on the sustainability of their business models and social impact.
Jean Tan, Executive Director of SIF declared: âOur YSE alumni have shown agility and adaptability in the face of Covid -19. Many have changed their business model or pivoted to provide new products and services to survive this pandemic and serve vulnerable people. We are very proud of them and happy to be able to support and celebrate them with this award. We are also honored to present this award with Deutsche Bank, a long-time partner of our YSE program and steadfast champion of good business. “
Annie Yeo, Head, Corporate Social Responsibility, Asia, at Deutsche Bank, said: âSocial enterprises are an important source of social innovation while improving lives and filling key societal gaps. Too often, social entrepreneurs do not have equal access to the capital and business networks they need to support and grow their businesses. As a motivated bank that supports the success of all kinds of entrepreneurial ventures, we believe that by supporting the ecosystem of social enterprises, we can help promote social progress around the world. Social enterprises like Mitti CafÃ© and Native are proving that businesses can – and should – do good, and we’re proud to support them on their journey today.
The special award was also created to commemorate 30 years of SIFe anniversary, celebrating three decades of making friends for a better world that has seen YSE programs bring together change makers from around the world through social entrepreneurship to network, collaborate and start 618 businesses in Singapore and beyond since 2010 SIF has so far awarded S $ 790,000 (US $ 582,000) in grants to 47 social enterprises through the programs.
a impact study conducted in the YSE 10e revealed that 75% of social enterprises have moved from seed stage to start-up stage and beyond after joining YSE Global, with 70% of pre-selected YSE alumni still active in creating positive social impact and 86% of funded teams still active.