The grand finals winner at Alipay- NUS Enterprise Social Innovation challenge has been Aruna, the Indonesian startup. The challenge was a joint initiative created by Alipay and NUS Enterprise.
During a press release, Aruna’s CEO Farid Naufal Aslam expressed their excitement in winning the international recognition for their work for the first time and also shared their future plans entailing growing their team to help more and more fisherman out of poverty.
As many as 1,701 fisherman groups in 16 provinces across Indonesia have been served by Aruna till now. Selling prices are drastically increased by their platform to up to 20%. Consumers can pay upto 15% less pertaining to the reduced transaction costs.
Indonesia has as many as 2.7 million fishermen out which most are living under poverty line.
The prize money for the grand final’s winner is an amount of S$60,000 (US$44,000), the eight finalists will receive S$10,000 (US$7,000) each. Additionally, they all will be a part of the 10×1000 Tech for Inclusion programme, a programme that aims to support 10, 000 technology experts from both private and public sectors. The programme was launched in August last year and will and it will provide support to the technology experts for a decade. IFC which is a member of the World Bank Group and Special Partner of the Challenge, and Alipay established the Inclusion programme.
Vice President, General Manager of Technology and Business Innovation Group at Ant Financial, Geoff Jiang said that technology is the greatest driver of social good in this era. Some of the most innovative solutions of Southeast Asia, addressing the pressing issues such as alleviating the strain on societies that comes with a growing aging population, increasing income for fishermen and farmers, and effectively and ethically managing waste; have come to light since the launch of social innovation challenge.