DBS Foundation, the first foundation in Singapore dedicated to championing social entrepreneurship, is calling for social enterprises across DBS markets in Asia – India, Taiwan, Singapore, Hong Kong, Indonesia, China, to apply for the 2020 DBS Foundation Social Enterprise (SE) Grant.
Successful applicants will receive grant funding of up to SGD 250,000 each, and also be supported to scale their business and build business resilience especially in today’s challenging business environment.
DBS will lend its support by raising awareness of the SEs through its various programmes and platforms, providing the SEs business opportunities, and assisting with capacity building.
Shoma Narayanan, Executive Director- Strategic Marketing & Communications said, “We hope that the initiative will allow entrepreneurs to pursue their goals and build innovative business models that tackle key social and environmental challenges.”
As part of the bank’s collective efforts to support individuals, businesses and communities impacted by the COVID-19 situation, DBS has been collaborating with DBS Foundation-supported social enterprises for relief measures across markets.
The DBS Foundation Social Enterprise Grant is open to social enterprises across Asia that have a business product or solution that has been validated by the market.
The 2019 cycle of the DBS Foundation Social Enterprise Grant Programme attracted over 600 applications from social enterprises across Asia. Last year’s awardees included S4S Technologies from India, a food tech company serving the global dehydrated food market with its patented UN-award winning solar dehydration technology.
DBS has been empowering enterprises that are passionate about creating innovative solutions to address a myriad of pressing social and environmental issues.
