New $250,000 programme to fund social enterprises by young people

Young Singaporeans who aspire to create social enterprises now have a new fund to tap on, with the Ministry of Social and Family Development (MSF) launching a new programme on Sunday.

The Youth Social Entrepreneurship Programme for Start-Ups has an annual budget of $250,000 to fund young people aged between 18 and 35 who want to develop businesses with social causes.

Each start-up can receive a grant of up to $50,000.

Said Acting MSF minister Chan Chun Sing: "I look forward to more youth taking the initiative to address social needs in local communities."