SINGAPORE - President Tony Tan Keng Yam launched the 2017 President's Challenge Social Enterprise Award (PCSEA) today (June 23).
The award, that is in its fourth year, is calling for nominations of outstanding social enterprises.
The award will provide cash prizes of up to $50,000. It will also provide winners with corporate advisory support and development opportunities by connecting them with industry leaders.
First established by the President's Office in 2012, the PCSEA honours and recognises top social enterprises in Singapore that have created significant social impact.
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The PCSEA serves as a form of recognition and encouragement, conferred to top local social enterprises.
The award has three categories: Social Enterprise of the Year, Social Enterprise Start-up of the Year and Youth Social Enterprise of the Year.
The President said he started this award to encourage people to create their own social enterprises and to give the sector more recognition.
He said: "(Social enterprises) represent the energy and passion in our people who want to do business not just to make a profit, but to do something which will benefit society in a sustainable way."
The award also invites interested corporate partners to lend support to winners through mentoring and sharing networks.
Applications for the 2017 PCSEA are now open and will end on July 28.
Interviews and site visits to applicants will be conducted between September and October, and the award ceremony will be held in December.
For more information on eligibility criteria and submission guidelines, visit: www.raise.sg/pcsea2017