Quest Ventures, raiSE to back social impact firms through accelerator

Quest Ventures and Singapore Centre for Social Enterprise (raiSE) have launched the Sustainable Impact Accelerator (SIA), a program targeting seed-stage startups in the sustainability sector that are eyeing funding within the next 12 months.

James Tan, managing partner of Quest Ventures / Photo credit: Quest Ventures

The accelerator, which runs from June to August, will provide participants up to US$40,000 in funding on top of access to mentorship and networking opportunities. They will also get “family benefits,” which give access to startup-focused services.

Interested firms should have proven revenues and must be integrating human-centered social impact into their businesses. They must also have the potential of getting double-digit annual growth within the next five years.

Successful participants must also become members of raiSE before the start of the program. Applications for the accelerator are open until April 24.

“With the growing appetite for sustainable investments, the accelerator program will benefit both investors and startups in tackling important social issues and gaps,” said James Tan, managing partner of Quest Ventures.

The Singapore-based VC firm was also one of the organizers of ScaleUp Malaysia’s third cohort, along with Indelible Ventures and Mranti.

See also: Dutch startup plans to keep Southeast Asia afloat – literally