The ASEAN Foundation, with support from GIZ on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) and SAP, launches the ASEAN Social Enterprises Development Programme (ASEAN-SEDP) to offer an opportunity for social enterprises to grow and achieve sustainability by providing them with access to capacity building, mentorship, networking, funding grants and wider market across ASEAN.
This programme aims for better economic progress in the ASEAN region while also impacting the poverty alleviation, working in line towards achieving SDGs. ASEAN-SEDP is designed to build a greater socio-economic condition of the ASEAN region through social enterprises empowerment. In reference to the values of the ASEAN Economic Community (AEC) and the ASEAN Socio-Cultural Community (ASCC), this programme aims to engendering a culture of social entrepreneurship to youths in ASEAN and invites social enterprises in the region to submit innovative project ideas that can help ASEAN nations achieve Sustainable Development Goal (SDG) 1 (No Poverty), SDG 3 (Good Health and Well-Being), SDG 4 (Quality Education), SDG 5 (Gender Equality), SDG 12 (Responsible Consumption and Production) and SDG 13 (Climate Action).
Along with creating a culture of social entrepreneurship, this initiative will become a meaningful partnership model among the different stakeholders at the ASEAN level that work together in achieving sustainable development goals that bring tangible impacts to the development of social enterprises in ASEAN.
The ASEAN-SEDP will play a significant role and will contribute to achieve the ASEAN Economic Community and ASEAN Socio-Cultural Community, particularly in supporting the realisation of the ASEAN Strategic Action Plan for SME Development 2016-2025 and ASEAN Work Plan on Youth 2021-2025.
Read the full press release here.
“The youth community has been playing an important role in boosting ASEAN’s economy over the last 20 years. Involving the youth in economic activities in the region offers a massive potential. We believe that this pilot programme can become a successful model for future projects with regard to unleashing the economic potential of the youth.”
GIZ Country Director for Indonesia, ASEAN and Timor-Leste.