What if you can access top industry leaders and do good at the same time?
What is Mentor for Hope?
Mentor for Hope is a first-of-its-kind Mentoring and Charity Fundraising Campaign happening between 18 May 2020 and 16 June 2020
The COVID crisis has left many worse off than before. For entrepreneurs and founders, we understand that it is even more difficult to keep afloat during this period.
This is why we started Mentor for Hope, a mentoring and fundraising charity campaign where leading South East Asia investors and corporate leaders have come together to pledge their time to mentor entrepreneurs in need. We hope to provide support and guidance to entrepreneurs and founders during this challenging period and raise donations for our beneficiaries.
We are pleased to announce that we have received a community matching grant by Temasek Trust’s oscar@sg fund (https://www.temasektrust.org.sg/Oscar), that will allow eligible startups* to receive free mentoring sessions.
“We were encouraged that #MentorForHope came forward to apply for the oscar@sg grant as this initiative allows this group of young professionals to take speedy action for our startup community who are affected by the current COVID-19 pandemic. The mentoring programme not only benefits startups during this challenging business climate, but also directly assists the beneficiary organisations. We are glad that our matching funding mechanism can help them double the pace of delivering quality mentoring to startups while also helping local communities through the act of donating the mentoring proceeds.” Cheo Hock Kuan, Chief Executive Officer of Temasek Trust remarked.
*Applies to businesses that are registered in Singapore and affected by COVID.
How it works
Founders, students or anyone with entrepreneurial ambitions are eligible to apply.
For a limited time period, until 16 June, startups which are registered in Singapore and whose business is affected by COVID will receive the Mentor for Hope Care package (worth at least SGD 500 in total) for free. You will receive TWO 1-on-1 mentoring sessions + group mentoring sessions with VC GP or Managing Partners + unlimited masterclasses + 2 months free access to VentureCap Insights.
For founders whose businesses are based outside Singapore please register and donate SGD 50 as well as to enjoy the Care package.
Members of the public are also encouraged to donate for our beneficiaries. The oscar@sg grant will match $1 for every $1 donated.
Over 200 investment professionals and industry leaders across South East Asia, Europe and Australia have pledged at least 4 hours of their time to provide mentorship and organise virtual masterclasses during this one month’s campaign. Join us in this fight to help businesses tide over the pandemic and support a good cause at the same time!
Our criteria for mentors is as follows:
1. Investment professionals who are investing early stage to late stage startups (eg, venture capital, other institutionals, syndicates, impact ventures)
2. Corporate leaders (C-suite or head of function) of large companies
3. Professionals (lawyers, auditors, accountants supporting startups) and Subject experts (tech, business etc, except fresh grads)
Who will you be helping?
100% of your donations go to our two beneficiaries namely:
$50 will enable the team to cook and deliver 50 lunch meals (equivalent to 1.5 months of daily basic living support) to help vulnerable persons such as the elderly, homeless, migrant workers and persons who fall through the cracks of our social systems in Singapore who cannot afford a meal.
Hear our story
Mentor for Hope evolved from the Gratitude-COVID mentoring initiative started by Elise Tan Yee Ling in Singapore when her role at a venture firm was made redundant in end March 2020. Elise shares her motivation: “I might have lost my job but I thought that with the time I had on hand, I can help others keep theirs.” She was later joined by Sharon Yeo Mei Ching and Gwen Sim, both final-year students at National University of Singapore.
Over 120 introductions have been made between founders and mentors since 1 April 2020. One of the participants, Benjamin Gabriel, had to postpone all live events in March which his company, Orgeva, was supporting due to the pandemic. He feared the worst for his company and its survival. That was when he signed up for the mentoring initiative via Linkedin and was matched to Jeffrey Paine, Managing Partner of Golden Gate Ventures. In spite of his busy schedule, Jeffrey provided him with useful, actionable advice.
Another startup which benefited is Intellect.Co, a digital health company building a new form of digital therapy that is radically more affordable and accessible to the masses. Theodoric Chew, cofounder of the firm, was matched to Janet Neo, a mentor with vast experience in sustainability and mental health startups.
“We benefited tremendously from the insights and expertise she generously shared over a few calls. She helped push us to think in a much bolder and exciting manner. She also plans to provide us with introductions in the space.”
Theodoric Chew, CEO, Intellect.co
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