The Philanthropy Asia Alliance (PAA) has mobilised $615 million to support more than 300 projects across climate action, healthcare and inclusive development in Asia.
$50 million has been allocated to 24 catalytic programmes aimed at reducing early-stage risks and attracting larger pools of co-funding for policy-driven initiatives.
The report said commitments secured within the first year have already reached nearly half of the funding target.
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.