ComCare Enterprise Fund Enhanced

09 Dec 2011

Social enterprises will be able to tap on more grants from the ComCare Enterprise Fund (CEF) from January 2012.

The CEF, originally launched to dispense start-up money to new social enterprises, will be expanded in scope. The enhanced CEF will allow existing social enterprises with a proven track record to access additional funding so that they can grow their business.

From January 2012, there will also be a new tier of CEF funding for youth-run social enterprise projects. The S$3 million seed-funding programme is expected to benefit some 70 schools and 25 start-up projects over 3 years.

Since the CEF was launched in 2003, about S$10 million in support funding has been committed to 80 social enterprises and benefited some 1,600 Singaporeans.