Hasanah Social Enterprises (SE) Fund 2022 (“HSEF2022”)
Addressing the Problem
For many Social Enterprises (SEs), financing methods such as bootstrapping, donations, and in-kind resources, can be unsustainable. In a 2017 survey on SE across Malaysia, cash flow and liquidity issues are reported the biggest hindrance to growth opportunities, followed by low access to investors due to a limited supply of capital.
Regardless, SEs shape a significant part of the cogwheel of the Malaysian Economy, while creating positive impact to society.
A Grant to Empower Social Enterprises
The Hasanah Social Enterprises (SE) Fund 2022 (“HSEF2022”) is a grant to empower and support the organisational development of social enterprises and social innovators.
This will allow for the SE to sustain their initiatives / programmes, harness their capability to fundraise, increase public awareness in social innovation and scale their innovation solutions for good social and / or environmental outcomes.
Who is Eligible to Apply?
The grant is catered to social enterprises registered in Peninsular Malaysia, Sabah, and Sarawak, with preference for:
- Those with the capability, interest, and potential to expand and develop their business, mission, and organisation to benefit more targeted beneficiaries under YH’s priority areas (Education, Community Development, Environment, Arts and Public Spaces, Knowledge)
- Those that possess the SE Accreditation (SE.A) recognition from the Ministry of Entrepreneur Development and Cooperatives or in the process of obtaining Accreditation within the grant period
Social enterprises will be eligible to apply for the HSEF2022, based on the following:
Category | Social Enterprise Status | Funding Amount |
Category I | Non-accredited SE and SE Basic | Up to RM100,000 |
Category II | SE Accredited (SE.A) | Up to RM250,000 |
Category III | SE Accredited Plus (SE.A+) or its equivalent as recognised by the MoF | Up to RM500,000 |
Non-accredited SE and SE Basic needs to comply to the following:
- Clear social and/or environmental goal
- More than 30% of revenue is earned as opposed to via contribution and grant
- Fulfil one of the following:
- at least 30% of the workforce from the target beneficiary group(s)
- minimum 15% of business cost is spent on achieving an environmental mission or channelled towards a social cause
- 30% of profits distributed back to business operations to achieve your social/environmental mission(s)
How is the Grant Awarded?
The HSEF2022 will be offered through two pathways:
Important Dates to Remember
The application cycle will open on 17 June 2022 until 31 July 2022, or when funding runs out, whichever comes first. The next application cycle shall be subject to availability of funding and repayment of the funding from the approved SEs.
17 June 2022
Open for grant applications
(Applications reviewed on ongoing basis)
22 July 2022
Last date to submit eligibility assessment
*closing date may change subject to available funding
31 July 2022
(provided Hasanah has examined the eligibility documentation)
Last date to submit Grant Applications
*closing date may change subject to available funding
Process Flow for the HSEF2022
How to Apply?
- Only eligible applicants are allowed to submit their application for this initiative. Kindly complete the eligibility assessment form below for us to assess your eligibility. The eligibility assessment form closes on 22 July 2022.
- Eligible applicants will receive a link to submit applications via the official grant portal. Application closes on 31 July 2022.
- Recipients of any current funding under the Yayasan Hasanah grant, sponsorship, or humanitarian relief, are able to apply for this grant. However, applicants are not allowed to submit the same project for the Hasanah Social Enterprises Fund proposal.
FAQ
To read a PDF of the full FAQs, please download here.
If our FAQ section does not answer your question, ask us at [email protected]