DBS Foundation: Business for Impact Grant Award

Deadline: 15-Jun-23

DBS Foundation has launched the Business for Impact Grant Award.

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The DBS Foundation Grant Award is the flagship programme to recognise, reward and support businesses for impact, both Social Enterprises and Small and Medium-sized enterprises (SMEs).

What do they look out for?

• A strong business model with clear value proposition and market traction for the solution
• Clear and focused plans to use the grant funding to commercialise and scale the solution over the next 2 years
• Strong leadership with a clear commitment towards building a sustainable business for impact. Strong team with relevant expertise and experience.
• impact targets and ability to track key impact indicators

Funding Information

• Receive up to SGD 250,000 grant

What can the Grant Award be used for?

• The grant award is a recognition towards the sustainability journey that your company has embarked on.
• The areas of social and environmental impact they support include:
  • Mitigating the impact of climate change by:
    • Reducing carbon emission and footprint
    • A circular economy that reduces waste
    • Zero food waste, such as reducing food loss along the supply chain, upcycling food waste
  • Promote food resilience and security by:
    • Promoting sustainable agriculture
    • Improving access to food and nutrition
  • Improving the lives and livelihoods of marginalised groups by improving access to:
    • Education / skills
    • Employment
    • Financial inclusion
  • Promoting good health and well-being by improving access to:
    • Healthcare
    • Mental well-being
    • Sanitation
    • Clean water
    • Other well-being solutions

Eligibility Criteria

• You will be eligible for the grant award if you are a traditional SME that is either:
  • Pivoting from your existing core business to be more sustainable, or
  • Developing a new product/ service line(s) that is seeking to generate social or environmental impact for the wider community outside of the company.
• They provide grants to businesses only and not to individuals.
• They accept applications from social enterprises and SMEs that are registered as legal business entities in at least one of the following markets: China, Hong Kong, India, Indonesia, Singapore and Taiwan.
• Entities that are registered as not-for-profit, sole proprietorship, charities, religious organisations for religious purposes, election campaigns, general fund-raising drives or event sponsorships will not be eligible for the grant award.

For more information, visit DBS Foundation.