Press Releases

The Pwee Foundation gets on board to support the social entrepreneurs of tomorrow

Junior Achievement - Young Enterprise (JA-YE) Europe announced the collaboration  the Pwee Foundation, a leader institution fostering strategic partnerships that bring about sustainable innovation towards an inclusive, progressive society.

The Pwee Foundation will be a partner in the Social Innovation Relay, a programme supported by Hewlett-Packard, which challenges students to design projects that could have a significant positive social impact.

The Pwee Foundation will support students participating in the Social Innovation Relay by offering a unique opportunity, the “SIR Concept to Reality”. The teams with high business potential will be selected  and the Foundation will provide coaching to fully develop the business idea into a complete viable business plan. The teams will be gain access to fund raising opportunities and resources to start their social enterprise. The Pwee Foundation will provide oversight of the incubation of the business from concept to reality.  

The Social Innovation Relay (SIR) is a global competition organized in collaboration with HP that challenges secondary school students to develop an innovative business concept that addresses a social need. The Social Innovation Relay provides young people with the hands-on skills and entrepreneurial expertise needed to start a successful career through a combination of virtual and face-to-face mentoring by experienced executives. The participating teams are paired with e-mentors who are all HP employees and who connect with the finalists to help them develop concept papers that can translate in feasible business ideas.

During its three years, it has engaged more than 500 HP employees to impact more than 43,000 students at 1,700 schools in 19 countries across the world. Last year’s winning team from India, Youth Innovators, developed a revolutionary building material made out of rice husk boards. The team will buy rice husk from farmers and create a building material, which they called “Green Wood”.

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About JA Worldwide®

JA Worldwide is one of the largest global NGOs dedicated to addressing fundamental social and economic challenges of young people by educating and empowering them to transform their future and own their economic success. Through cutting-edge, experiential learning in financial literacy, work readiness and entrepreneurship, JA Worldwide effectively broadens the canvass of possibility for young people and enriches their ability to contribute to the strength of their families, communities, and economies. The 121-country JA Worldwide network is powered by 400,000 volunteers and mentors from all sectors of society, reaching 10.1 million students around the world.

For more information, visit www.jaworldwide.org.

About Pwee

The Pwee Foundation Ltd is a private, independent, non-political, non-partisan, non-profit organization incorporated under the Companies Act of Singapore as a company limited by guarantee. The Pwee Foundation focuses on catalysing social conscience, fostering strategic partnerships that bring about sustainable social innovation towards an inclusive, progressive society. It researches and identifies niche areas to value-add to society, build capacity, and collaborate to facilitate the ideation to prototype to scale process.

Business address: Level 30, Six Battery Road, Raffles Place, Singapore

For more information, visit www.pweefoundation.com