Social Impact Exchange lists 11 new high impact projects

KUALA LUMPUR: Agensi Inovasi Malaysia (AIM) today announced the listing of 11 new high impact projects on the Social Impact Exchange (SIX), the country’s first pay-for-impact exchange to channel untapped corporate resources to high-performing social-purpose organisations (SPOs).

“We hope to list another five to six high impact SPOs by end of this year,” AIM CEO Naser Jaafar told reporters after announcing the new listing here today.

SIX, which was launched by the ex premier Datuk Seri Najib Abdul Razak during the Global Entrepreneurship Community Summit in December last year, is designed to parallel a traditional stock exchange, and pave the way for more innovative financing model for SPOs.

Prior to listing on the SIX, SPOs including non-governmental organisations and social enterprises, are evaluated based on their capacity, track record, intended social impact as well as financial sustainability.

To date, there are 19 high impact SPOs listed on SIX.

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