DBS Foundation awards SGD 3 million to innovators shaping the future of ageing in Asia

Impact Beyond Award

Speakers from GovTech, Temasek, DBS, DBS Foundation and the Impact Beyond Award winners at the Impact Beyond Dialogue by DBS Foundation

Winner

Market

Funding

Profiles

Category: Technology

Buddy Of Parents (BOP)

Singapore

SGD 1mn

BOP is on a mission to transform senior care by empowering seniors to age well at home. Drawing upon its parent company – iWOW Technology Limited’s 26 years of experience in the IoT solutions space, BOP offers smart home solutions that leverage AI and IoT technology to enhance safety, reduce caregiving burden, and promote independent living.

The DBSF Impact Beyond Award will support the development of new BOP products, increase outreach to vulnerable seniors through strategic partnerships, and drive international growth.

Category: Ecosystem collaboration

Huakang Health Industry Group

China

SGD 1mn

An industry-leading provider of integrated elderly care, Huakang Group’s holistic ‘home, community, institution’ care model connects home-based care, community services, and institutional support.

They offer living models for diverse care needs including wellness complexes, community-embedded facilities, and specialised dementia care institutions. They’re also a pioneer in dementia care, operating Shanghai’s first specialised dementia care facility and contributing to research and policy development.

The DBSF Impact Beyond Award will support a multi-pronged initiative to strengthen dementia and elderly care. This includes enhancing workforce training, establishing caregiver psychological support centres, improving care environments with interactive and intelligent rehabilitation tools, engaging families through education and support, and fostering cross-sector collaboration to elevate service standards.

Category: Caregiving

Evercare Health Limited

Hong Kong

SGD 500K

A leading health tech platform, Evercare bridges caregiver demand gaps by connecting healthcare professionals with families, hospitals and private elderly support services. Their comprehensive care coordination solution consists of a matching algorithm, care management platform and mobile apps that streamline staffing, communication and management, facilitating efficient and tailored healthcare delivery.

The DBSF Impact Beyond Award will support the development of an AI-powered Medical Notes feature to enhance care delivery, the expansion of outreach to more families to enable more seniors to age in place, the recruitment of additional healthcare professionals and the expansion of their suite of home care services.

Life Circle Health Services

India

SGD 500K

Life Circle seeks to address India’s critical need for quality senior care. Through their tech-enabled platform and phygital training initiatives, Life Circle provides families with quality-assured home care solutions while creating sustainable livelihoods for caregivers through professional development programmes. Life Circle is also committed to empowering women and other underprivileged groups by professionalising them as geriatric caregivers.

Life Circle is India’s only full-stack eldercare company combining training, certification, placement, and managed home care under one brand.

The DBSF Impact Beyond Award will support the establishing of new training academies and digital training tools, the enhancement of its technology platform for caregiver management and onboarding, and the scaling of operations to multiple cities across India.

This was announced at today’s DBSF Impact Beyond Dialogue, which gathered speakers from across different sectors – including Goh Wei Boon, Chief Executive, GovTech; Dr Fidah Alsagoff, Vice Chairman, Healthcare & Life Sciences (Global Partnerships), Temasek International Pte Ltd; DBS’ senior executives and the four Impact Beyond Award winners. The Impact Beyond Dialogue is a flagship platform by the DBS Foundation, which convenes key voices to exchange insights on pressing societal issues such as ageing, co-create ideas and unlock opportunities for collective action.

The discussions explored how ageing societies can harness the power of AI/ technology, innovation, and cross-sector collaboration to enable longer, healthier, and more dignified lives. Speakers shared insights and real-world examples from across Asia, highlighting the importance of human-centred design, inclusive access to technology, and the critical role of private-public-people partnerships in scaling sustainable impact.

Held at the DBS Auditorium at Marina Bay Financial Tower 3, the Dialogue was attended by some 220 invited guests including businesses, philanthropic foundations, and the bank’s private wealth, SME and institutional banking clients.

For more information on the DBS Foundation Impact Beyond Award, please visit: Impact Beyond Award Winners | DBS Foundation

ANNEX A: QUOTES FROM THE DBSF IMPACT BEYOND AWARD WINNERS

“Evercare is guided by its Family First principle: to care for those who first cared for us. 90% of seniors want to age at home – winning the DBS Impact Beyond Award accelerates our mission to enable this, and bring healthcare into the home for thousands of families.” – Mr. Kenneth Wong, CEO, Evercare Health Limited (Hong Kong)

"We are deeply honoured to receive the DBS Foundation Impact Beyond Award. This recognition strengthens our mission to build India’s eldercare infrastructure — one caregiver at a time. With DBS Foundation’s support, we will accelerate our efforts to train youth from underserved communities and ensure seniors receive the dignified care they deserve." – Mr. Anant Kumar, CEO, Life Circle Health Services (India)

“Thank you, DBS Foundation, for seeing the promise in our work. This grant is more than just a milestone—it’s a testament that the Age-Tech solutions that we are developing at BOP are a step in the right direction to help seniors age well.” – Mr. Raymond Bo, CEO & Executive Director, iWOW Technology (Singapore)

“We are very grateful to DBS Foundation for awarding us the Impact Beyond Award. This recognition reflects the Foundation’s commitment to supporting innovative enterprises that address the needs of the ageing societies. It also underscores its sense of social responsibility and dedication to tackling global ageing issues. The award will help strengthen Huakang Group’s industry influence and provide valuable resources to enhance our elderly care services, offering better professional skills training and physical and mental health care for more practitioners. This will ensure better care for the elderly and offer more support to families and communities.”” – Mr. Nie Jian Min, Chairman of Huakang Health Industry Group (China)

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