Several members of South-east Asia's start-up community are taking part in a month-long fund-raising campaign that will see mentors offering their time to guide other business founders affected by the Covid-19 crisis.
Through the Mentor for Hope initiative, business founders can make a request for the mentors they wish to meet, in exchange for a donation of at least $50.
They will then receive a package worth $500 that comprises a one-hour mentoring session, virtual coaching group classes, as well as two-month access to venture investment database VentureCap Insights.
The fund-raising campaign, which also accepts donations from members of the public, will last from next Monday to June 16. Business founders facing financial difficulties may apply to reduce or waive the donation amount.
Participating organisations include Vertex Ventures, Sequoia India, Big Idea Ventures, Saison Capital, Qualgro, e27, Golden Gate Ventures, SGInnovate, Block71 by NUS Enterprise and the Asia Institute of Mentoring. All donations will go to Beyond Social Services, which serves over 3,000 families from low-income backgrounds, and the Willing Hearts soup kitchen, which provides meals to the needy in Singapore.
"What we have created in a short time is a mini accelerator programme for founders across all stages to receive one-on-one mentoring with industry leaders, group mentoring with senior investors and masterclasses organised by experts, with a purpose to give back as well," said Ms Elise Tan, an organiser of the campaign.
Interested parties can sign up via FutureLab's e-mentorship platform at https://futurelab.my
THE BUSINESS TIMES
Minimum donation from a start-up business founder to make a request for a mentor he wishes to meet.