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Our 12 Change Makers of Asia

Our 12 Change Makers of Asia

DBS Foundation Social Enterprise Grant Programme 2016 Awardees

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  • Overview
  • Grantees
  • Awardees

Since 2012, DBS supported over 100 social enterprises in Asia with grant funding. Including the non-financial resources and business procurement opportunities that DBS provides, we have worked with over 200 social enterprises.

The Foundation partners renowned social enterprise developers to facilitate knowledge sharing and build the capacity of early stage social enterprises to achieve social and commercial viability. These partners also provide incubation, bootcamps, workshops and some financial support to social enterprises. Some of our grant partners include NUS Enterprise, Village Capital and Tata Institute of Social Sciences in India, SE Insights in Taiwan, YouChange Foundation in China, the Hong Kong Council of Social Service (HKCSS), and more. Get to know the social enterprises that have been funded through our partners.

Complementing these partners, DBS Foundation continues to support social enterprises with its annually administered Social Enterprise Grant Programme. This grant programme enables social enterprises to develop a prototype of their idea, improve existing processes or add critical capabilities to achieve sustainability, or scale up their existing business that leads to greater social impact. Find out more about Awardees that received the DBS Foundation Social Enterprise Grant.

Our Leadership

Prototype grants of up to SGD 50,000

For social enterprises with new, innovative and scalable ideas that address relevant social problems. They have an idea ready to be developed into a working prototype.

Organisational grants of up to
SGD 100,000

For social enterprises that have been in operation for at least 2 years and need support to build up their organisation e.g. acquiring fixed assets, building a team, product research and development, marketing, etc. Grants are expected to be directly used to grow the business, further social impact and/or ensure sustainability.

Scale-up grants

For social enterprises that have been operating for over 3 years and have reached closer to breaking even. Enterprises seeking grants and other forms of financing to scale up their social impact or geographical reach. Applicants should be ready with full business and financial reports to support their application.

We fund social enterprises operating in:

Prototype grant
Organsational grant
Scale-up grant
Quantum
  • Up to SGD50,000
  • Up to SGD100,000
  • Customised package
Grant duration
  • Up to 12 months
  • Up to 24 months
  • Customised according to respective business plan
Items not covered
  • General business overheads
  • Ongoing liquidity needs or operating funds
  • Guarantor function unless as part of DBSF financing construct
  • Customised according to respective business plan
General eligibility criteria
  • Registered business entity at the country of operations;
  • Have neither religious nor political agenda/affiliations
Prototype grant
  • Registered business entity at the country of operations;
  • Have neither religious nor political agenda/affiliations
Organisational grant
Scale-up grant
Additional criteria
  • Business entity has been registered and in operations for less than 2 years
  • Business entity has been registered and in operations between 2 to 4 years;
  • Revenue generating for past one year; and There is at least one full time founder
  • Business entity has been registered and in operations for more than 3 years;
  • There is at least one full time founder; and Business has broken even for past two years.
We do not fund:
  • Specific individual fellowships/stipends and personal expenses, charities or NGOs primarily dependent on donations
  • Religious organisations for religious purposes, election campaigns, general fund-raising drives or event sponsorships

Applications Open

1 August

Evaluation & Discussions with shortlisted applicants

September – November*

Applications Close (2359hrs Singapore time)

1 September

Announcement of Grant Awardees

January 2018*

*Actual dates to be announced

Applications Open

1 August

Evaluation & Discussions with shortlisted applicants

September – November*

Applications Close (2359hrs Singapore time)

1 September

Announcement of Grant Awardees

January 2018*

*Actual dates to be announced

We evaluate grant applications on the following criteria:

Geography

  • Operating or impacting social issues in one or more of the following countries:
    China, Hong Kong, India, Indonesia, Singapore, Taiwan
  • Relevance and commitment to the community
  • Potential for geographic expansion

Social Enterprise Model

  • Robustness of social enterprise model and theory of change
  • Strength of business model and plans for sustainability
  • Clear awareness and understanding of strengths, weaknesses, opportunities and threats

Social Impact

  • Clear understanding and articulation of intended beneficiaries, desired outcomes and/or impact, available evidence.
  • Ability to align social impact and business impact
  • Ability to show how social impact can be increased in the future

Innovation

  • Extent to which the solution is different from status quo
  • Extent to which social enterprise maintains innovation and continuous improvement

Team Strength

  • Team members' ability and credibility to achieve the social enterprise's objectives and growth targets.

Operation Plan

  • Clear presentation and projection of resource use, key targets, timelines, milestones and success indicators.

Financial Plan

  • Clear presentation and projection of financial indicators like profit/loss, cash flows, and how funds obtained will be used.
  • Commitment to achieving financial sustainability

Have a question? Download the latest FAQs here.

Please click here for the terms & conditions governing the DBS Foundation Social Enterprise Grant.