AIM Awards 12 Finalists For Innovative Ideas

Categories: our work

SIPJ was mentioned in this article on being one of the 12 finalists for innovative ideas, which was published on February 12, 2015 by The Malaysian Reserve, in association with The International New York Times!

The photo was even on the front page of the print newspaper!

The Malaysian Reserve

and on the website:

TheMalaysianReserve-SEEED JFL

 

 

Below is the text from the article:

Agensi Inovasi Malaysia (AIM) has gifted accolades to the top 12 finalists of its Berbudi Berganda Social Impact Innovation Challenge in recognition of their fresh ideas to catalyse reform in the social sector.

The 12 finalists, comprising of non-government organizations and individuals alike, were among 300 applicants that submitted innovative ideas for intervention work to assist with issues of homelessness, youth unemployment and elderly care for AIM’s initiative, which was launched in October last year.

“We hardly expected to be overwhelmed by innovative ideas from all over Malaysia. It is heartening to know that a lot of Malaysians, regardless of their age, race, or profession, have so much passion and ideas to making Malaysia a better place to live in,” said AIM’s CEO Mark Rozario at the award-giving ceremony yesterday.

Rozario said the idea behind Berbudi Berganda challenge is to empower and enable the voluntary sector to become ‘social innovators’ that seek new solutions in delivering social impact to the disenfranchised and marginalized members of society.

“We discovered in most cases, they have difficulty in sustaining funding and maintaining a permanent skilled staff, which is an impediment for them to scale up the work that they do,” he said, adding that innovation has to happen in the sector to create greater impact.

Each finalist received RM25,000 seed money to be channeled toward the implementation of their ideas, where they will carry out their intervention work over a period of 4 months.

At the end of the 4 month period, which ends in May, the best project among the 12 finalists will be awarded an additional RM30,000 sponsored by Credit Suisse Group, to further expand their ideas.

Among the 12 NGOs and individuals are Mastura M Rashid who intends to provide employment and shelter for the homeless, Jamaluddin Wahab, who seeks to provide a support system to adulthood for orphaned 18 year old youths, and Kiddies Joy Centre, that seeks to empower single mothers to earn from home though baking.

In terms of the expected outcome of the challenge, Rozario hoped the challenge will lay foundation for the eventual creation of a framework for social finance which pushes for a private-public partnership.

Author: Kavidha Natarajan

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