Your Journey with raiSE Starts Here!
Are you a Social Enterprise looking to build your network in the social enterprise ecosystem and establish credibility in the eyes of your stakeholders? Or a business with the intention to start on your social impact journey and looking for support to do so?
The raiSE membership is open to all Singapore registered companies. Upon submission, your application will undergo the necessary validation processes to assess if your company meets the requirements.
Join us as a Social Enterprise if you have:
Intentionality
- Intention to incorporate social impact as core objectives of your business,
- A sustainable business model to achieve financial sustainability and profitability, where majority of your revenue is generated from the sale of goods and services,
- Commitment to measure performance based on a double bottom line of financial returns and social impact creation.
Additionality
- Clearly identified social gap and disadvantaged individual/communities that your business seeks to address. Generally, a person in need or at risk is identified when they experience deprivation in at least one of the following areas:
- Economic
- Mental
- Social
- Physical
- Your business should seek to address your identified social gaps through the provision of inclusive employment opportunities and/or accessible/targeted products and services towards identified persons in need or at risk.
- At least 3 months of social impact created through intentional and strategic allocation of resources towards social gaps.
Proportionality
- Demonstrated resource allocation of at least 20% towards social impact activities.
- For example, 20% of your headcount is allocated to persons from disadvantaged backgrounds.
The Social Enterprise Membership Application Process
Online Application
Articulate your:
- Business Model – sustainable business models that generate more than 50% of revenue from the sale of products and services,
- Intentionality – intentional and strategic incorporation of social impact as core objectives of business,
- Additionality – at least 3 months-worth of resources channelled towards social impact activities in a manner that is differentiated from other businesses in the same industry,
- Proportionality – demonstrated resource allocation of at least 20% (measured using raiSE’s resource allocation method) towards social impact activities.
Evaluation of Social/Business Outcomes
Shortlisted applicants will be invited for an interview for us to understand your::
- Founding/Management Team – motivated founders and team with the relevant experience in the social impact area and business sector,
- Management Intent – clear intentions to make social outcomes the core objectives of the business,
- Business Model – feasibility and sustainability of the business, demonstrated with concrete plans,
- Social Impact – identification of beneficiaries and social gaps to be filled, with concrete plans to carry out impact solution to address these gaps in a differentiated manner from other businesses in the industry.
Membership Approval
Membership application may take 8 weeks for approval depending on the completeness of information provided. You may view our membership terms and conditions here.
- Membership is awarded based on the alignment to raiSE’s Social Enterprise Impact Framework
- Social Enterprise Members are unified by a collective brand and will be listed on the raiSE BusinessForGood Directory, establishing credibility in the eyes of stakeholders
- Membership status is renewed annually based on the business sustainability and continual alignment with raiSE’s Social Enterprise Impact Framework
- Applicants will be informed of the assigned membership category and membership will only be confirmed upon receipt of the membership fee.
Impact Community Membership
The Impact Community membership is open to businesses intending to kickstart their journey towards a sustainable business model while incorporating social impact into their core business objectives. Members in this category will get exclusive access to learning resources, networking events, and consultation sessions to support them in their journey to becoming a Social Enterprise.
Membership to the raiSE Impact Community is complimentary.
Social Enterprise Membership
The Social Enterprise membership is granted to businesses that embody the Intentionality, Additionality and Proportionality membership criteria, demonstrating sustained social impact and financial returns.
A provisional Social Enterprise membership will be granted to companies that have achieved and tracked their social impact for at least 3 months.
Membership is subject to approval and on an annual renewal basis. Annual membership fee is up to $300 and will only need to be paid only upon approval of your membership application, depending on the membership category you are approved for.