DBS Foundation, the first foundation in Singapore dedicated to championing social entrepreneurship, today announced that it has awarded SGD 1.1 million to 14 social enterprises (SEs) in Asia, as part of its 2017 Social Enterprise Grant Programme. DBS Foundation has awarded grants ranging between SGD50,000 and SGD160,000 to SEs from DBS’ key markets of Singapore, Hong Kong, China, India, Indonesia and Taiwan, to encourage them to deploy social innovations in areas such as employment generation for the marginalised, environment protection and waste management solutions, and food sustainability.
The grants will enable SEs to bring their prototypes to market, improve existing processes or scale up their existing business for greater social impact. This year, the DBS Foundation received applications from a wide range of SEs from across Asia for its annual Grant Programme. The selection criteria include identification of the social need addressed, business innovation and business model sustainability. SEs must also demonstrate a path to achieving key business and social impact milestones.
Kukuh Roxa PH – Founder and CEO Pandawa Agri Indonesia (PAI) (first line, first from the left side) and Azalea Ayuningtyas – Founder and CEO Du’anyam (first line, fifth from the left side) took pictures with 12 other social entrepreneurs from all over Asia, they are the social entrepreneurs who receives grants from Social Enterprise Grant Program 2017, the annual program from DBS Foundation. This year, DBS Foundation granted over 11 Billion Rupiah to 14 Social Entrepreneurs in Asia, 2 of them are Social Entrepreneurs from Indonesia.
Social entrepreneurs who receive grants from Indonesia this year are as follows (please see appendix for full list of awardees):
Said Karen Ngui, Board Member of DBS Foundation and DBS’ Head of Group Strategic Marketing & Communications, “As a purpose-driven organisation, we believe that it is crucial for us to create impact beyond banking. SEs offer innovative and sustainable solutions to address social challenges in a rapidly growing Asia. Our 14 DBS Foundation 2017 SE grant awardees come from a diverse range of areas, have promising business models, and are poised to deliver significant social impact. Beyond grant funding, we look forward to working with them to help them do well and do good, whether through mentorship, knowledge sharing with other experienced SEs, or by providing DBS procurement opportunities."
Azalea Ayuningtyas - Founder and CEO of Du'anyam (third from left side) took pictures with the President of Indonesia - Jokowi Dodo, and Head of the Creative Economy Agency Indonesia - Triawan Munaf while attending the celebration of Sumpah Pemuda at Istana Bogor. Du'Anyam is one of the DBS Foundation – Social Enterprise Grant Program 2017’s awardee from Indonesia. Du'anyam, empower the woman in rural Indonesia who have traditional wicker weaving skills but lack design direction and market access. Du’anyam has been able to bridge these gaps for these artisans while also providing them with financial access to health services and improved nutrition.
DBS Foundation’s 2016 SE grant awardee from Indonesia, Mycotech has started their business from 2012 as a social entrepreneur focusing on the development of interior design by creating environmentally friendly design materials from mushrooms. In addition, to providing more sustainable development solutions, Mycotech is also able to preserve the surroundings nature through its products. Mycotech products can provide new possibilities in making homes more sustainable, and safe for the health. Currently, Mycotech already has 1 patent registered in Indonesia.
Adi Reza Nugroho, co-Founder and CEO of Mycotech said, "We have greatly benefitted from being involved with the ecosystem of SEs that is supported by the DBS Foundation. At each gathering organized by the foundation, we exchange many precious lessons learnt from our different social enterprise journeys, and never fail to walk away with a greater sense of encouragement for the journey ahead. We are also highly grateful for the mentors, assigned to us from the DBS Foundation, who go the extra mile to guide us in overcoming our challenges through the sharing of their vast experiences. Being a DBS Foundation grant awardee has truly allowed us to achieve our vision to assist nature conservation by providing sustainable development solution."
While the bank has been supporting SEs for many years, it stepped up its commitment to the growth of social entrepreneurship with the establishment of the SGD 50 million DBS Foundation in 2014, to mark Singapore’s 50th year of independence. To date, DBS has reached out to more than 28,000 SEs and supported over 260 SEs with more than SGD 3.5 million in grant funding.
Sigit Pramono - Founder of Pandawa Agri Indonesia (PAI) (blue shirt, second from right side) while doing one of his activities with the farmers. Pandawa Agri Indonesia (PAI) is one of Indonesian social entrepreneurs who receives grants from DBS Foundation – Social Enterprise Grant Program 2017. Pandawa Agri Indonesia offers various research-based products and services to support sustainable agricultural practice in Indonesia. Focused on reducing synthetic input by 50%, they have developed eco-friendly and innovative products such as weed and pest solutions that offer 30% cost savings to farmers
The DBS Foundation supports social entrepreneurs across Asia in three broad areas. This entails:
Several DBS Foundation’s initiates which provided for Indonesian Social Enterprises:
The making eBook "Berani Jadi Wirausaha Sosial" in collaboration with UKM Center - Faculty of Cultural Economics, University of Indonesia has successfully mobilizing youngsters’ enthusiasm towards social entrepreneurship within their communities. Digital book has downloaded over 181,000.
Series of training and workshop for early stage SEs delivered by UKMC UO - through offline and online channels
SE Meet Up for multi stage SEs that conducted monthlyand SE Clinic for early stage/ idea stage that conducted biweekly
DBS Stand with Wanita Wirausaha Femina, E-Hub “Teman Ngopi”, “Entrepreneur Weekend” and Jakarta Coffee Week
The DBS Foundation works in partnership with like-minded organisations, public and social sectors, to promote the development of social entrepreneurship. Calls for 2018 grant applications will go out in March this year. To find out more about the DBS Foundation SE Grant Programme, visit go.dbs.com/Grants.