Singtel to give up to $20,000 to “socially impactful” start-ups

They will also provide workshops, mentoring, and coaching.

Singapore Telecommunications aims to jumpstart social entrepreneurs’ business ideas as it launches the Singtel Future Makers programme, helping young socially impactful startups grow and scale their programme.

According to a press release by Singtel, the six-month programme would see up to seven promising social impact start-ups receiving cash funding of up to $20,000.

“Successful candidates will also gain access to other non-monetary benefits which include business workshops, mentoring and coaching support from industry experts, networking opportunities, as well as commercialisation opportunities with Singtel and its regional mobile associates,” Singtel said.

Meanwhile, Singtel vice president of group corporate social responsibility, Andrew Buay, said roadblocks in funding support, lack of experience in commercialising business ideas sustainably, and missed partnership opportunities can often hamstring even the best idea.

“Last year, Singtel was a strategic partner in the Enabling Change Social Innovation Programme, Singapore’s first social impact tech incubator programme that focused on persons with disabilities. It saw six social start-ups launch their solutions in the market after a five-month incubation programme,” the press release added.