The Ministry of Community Development, Youth and Sports (MCYS) has commissioned the Lien Foundation Centre for Social Innovation to carry out a study to examine how non-profit organisations (NPOs) such as charities can run successful profit-making arms.
MCYS manages the Social Enterprise Fund since 2003 and has approved more than S$5.9 million for 57 proposals.
The commissioned study aims to find out whether certain charity sectors are more suitable for starting up and sustaining social enterprises. It will also look at the conditions conducive to SMEs for starting a social enterprise — either on their own or by partnering with a charity. - TODAY
