Social Impact Prize
Our Social Impact Prize is awarded to innovative business plans / start-ups / early-stage ventures that address pertinent social challenges faced by Asia today.
We collaborate with like-minded partners to identify and award innovative social enterprises at the country level in Singapore, Hong Kong, India, Indonesia, China and Taiwan. At a global level, we reach out through a programme from SMU's Institute of Innovation and Entrepreneurship.
Lee Kuan Yew Global Business Plan Competition
DBS Foundation Social Impact Prize at the Lee Kuan Yew Global Business Plan Competition aims to identify sustainable and scalable business solutions that help address crucial social problems and make cities of the future more inclusive, healthier and greener.
The award of SGD 150,000 includes prize money of up to SGD 100,000 along with non-monetary support such as:
- Access to DBS Foundation’s Capacity building programmes
- Awareness building through features on DBS Foundation website and events Extending use of DBS office spaces (when in Singapore) for launch / community events etc
- Access to DBS Foundation network and social enterprise community
If you have a business idea that can help solve crucial social issues facing our cities, please apply to the Lee Kuan Yew Global Business Plan Competition detailing:
- The social challenge your business solution addresses and why it is important
- How will your business idea address and solve this challenge?
- How will you ensure the impact created by executing your idea is sustainable, scalable and measurable?
Announcement of Top Teams
Top Teams - Immersion Week in Singapore
27 September - 1 October 2020
30 September - 1 October 2020
Timeline updated on 12 Feb 2020. Revised dates are reflected above.
Download the Social Impact Prize Information Infographic here.
For more details on the main programme: https://www.smu.edu.sg/lky/
To apply: https://smucompetitions.fluidreview.com/
Top 10 Teams
DBS Foundation x LKY GBPC Social Impact Prize
Introducing the top 10 teams that have reached the finals of the DBS Foundation Social Impact Prize at the Lee Kuan Yew Global Business Plan Competition.
DBSF x SIF Social Impact Prize
Singapore International Foundation (SIF) celebrated the 10th Anniversary of Young Social Entrepreneurs (YSE) Programme in October 2019. Through the decade, this programme brought together an international ecosystem of multi-sectorial partners with over 1,100 alumni from 30 countries.
DBS Foundation partnered SIF at this milestone celebration to award the DBSF x SIF Social Impact Prize to three YSE alumni who have shown compelling achievements in their social entrepreneurial ventures post-programme. Social enterprises were assessed based on their business’s growth, social impact, potential scalability, and contribution to the social enterprise sector.
SEs who were conferred the DBSF x SIF Social Impact Prize included WateROAM from Singapore for leveraging technology for impact; Ecodoe from Indonesia for resilience and focus on their social mission and Langit Collective from Malaysia for blending the old and new to create sustainable impact. They received S$10,000 each and will continue to receive programmatic support from DBS Foundation.
The DBS Social Impact Award in Hong Kong is an endeavour from DBS Bank to identify early-stage enterprises that address social issues with innovative business ideas. DBS Bank collaborates with different partners in the ecosystem to identify and nurture social innovators that enable us to live larger than ourselves and work towards a better world.
Five DBS Social Impact Awards are being awarded to SEs in Hong Kong in 2019 with a total prize money of HK$250,000. DBS Hong Kong has partnered and given out awards with Hong Kong Retail Management Association to identify solutions in green retail space; Golden Age Foundation for smart ageing solutions, Good Seed for design solutions that do good, Fullness Social Enterprise Society to identify business ideas that create social impact.