DBS Foundation announces that it has awarded SGD 1.3 million to nine social enterprises (SEs) as part of its 2019 DBS Foundation Social Enterprise Grant Programme. The grant funding will support this year’s awardees from Singapore, China, Hong Kong, India, Indonesia and Taiwan to deploy social innovations in areas such as healthcare, nutrition, employability and income generation, education, energy, environment protection, and waste management.
This year, the DBS Foundation Social Enterprise Grant Programme received a record 600 applications from SEs across Asia. The final nine SEs were selected based on rigorous criteria including the ability to address social needs, innovation, as well as the sustainability and scalability of their business models. They were also required to demonstrate a path to achieving key business and social impact milestones.
The 2019 social enterprises grant awardees are the following:
The DBS Foundation Social Enterprise Grant is now open to social enterprises across Asia that have a business product or solution that has been validated by the market, with demonstrated commitment to a social mission, and a clear roadmap towards scaling social impact.
Applications received before 31 March 2020, 23:59hrs (Singapore time, GMT +8) will be evaluated and awarded in the first half of 2020. Application forms received on 1 April 2020 and thereafter will be evaluated and awarded in the second half of 2020. To find out more about the grant programme, visit here.
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