2024-08-19

https://news.nus.edu.sg/ts2-accelerator-programme-and-new-block71-social-impact-hub-provide-boost-for-social-impact-start-ups/

To foster the growth of innovative social ventures tackling social issues and environmental challenges, NUS Enterprise and the Singapore Centre for Social Enterprise (raiSE) have jointly committed S$3.5 million to support tech-based social enterprise (SE) start-ups in Singapore through the 10-week Technology for Sustainable Social Impact (TS2) accelerator programme.

This fund will nurture 16 promising social enterprise start-ups participating in the TS2 accelerator programme over the next two years, providing them with essential resources and comprehensive support. As part of this commitment, NUS Enterprise launched the BLOCK71 Social Impact Hub on 25 July 2024, a dedicated space designed to empower purpose-driven ventures and amplify their impact. 

The TS2 accelerator programme supports growth stage start-ups that adopt social enterprise models, with varying levels of technological engagements – ranging from deep tech to light and low tech. The programme, which held its first run from end-April to July 2024, combines a structured curriculum and a customised development plan tailored to the needs of each participating start-up.

TS2 accelerator programme start-ups also enjoy access to mentors, investors, and impact professionals, who will help them scale and amplify their social impact. These start-ups will also gain access to overseas markets and commercial opportunities by leveraging BLOCK71's offices in nine cities across the globe.

The TS2 accelerator programme and the BLOCK71 Social Impact Hub represent NUS and raiSE's shared commitment to fostering a vibrant community of social entrepreneurs. As these start-ups continue to grow and evolve, they pave the way for a future where technology and social impact go hand-in-hand, addressing some of the most pressing issues facing society today.