Overview

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.

 

Global

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?


Timeline

Applications open

Applications open

25 July





Applications close

Applications close

17 November





Announcement of finalists

Announcement of finalists

January 2020





Top 50 - Immersion Week in Singapore

Top 50 - Immersion Week in Singapore

March 2020



Grand Finale

Grand Finale

March 2020



Commercialisation programme & Participation at World Cities Summit

Commercialisation programme &
Participation at World Cities Summit

May - July 2020



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/

 

Hong Kong



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.

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