DBS launches programme to help start-ups and SMEs grow their business and network across Asia
DBS BusinessClass helps members seek business advice from a panel of advisors, connect with investors and fellow entrepreneurs
Start-ups and SMEs can now seek business advice and opportunities across Asia with DBS BusinessClass, a new programme delivered through a mobile app. Through DBS BusinessClass, entrepreneurs can consult and connect with industry experts, investors and fellow entrepreneurs. DBS BusinessClass members can also access news and articles on topics pertinent to starting and running their businesses and attend exclusive networking events.
Lim Chu Chong, Head of SME Banking, DBS Bank said, “We found that fast-growing SMEs need help connecting with investors and experts when they are scaling up their business. By building a mobile platform which allows SMEs to access business advice, insights and exclusive networking opportunities, we hope to help SME owners build social capital and sharpen their competitive edge. We are committed to a culture of continuous innovation so as to make DBS the SME bank of choice for entrepreneurs.”
Tap on community wisdom and expertise
DBS has garnered the support of more than 20 business experts, seasoned entrepreneurs and investors to join DBS BusinessClass’ panel of advisors and more will be coming on board in the coming months.
DBS BusinessClass’ panel of advisors:
|Name||Company||Area(s) of expertise|
Partner, Monk’s Hill
|Venture Capital & Private Equity|
Managing Partner, QuestVC
|Venture Capital, Entrepreneur|
|Tan Choon Seng|
Chairman, Trustcott Group
Dr Alex Lin
|Head, Infocomm Investments Pte Ltd||Venture Capital, Entrepreneur|
|Jeffrey Paine||Founding Partner, Golden Gate Ventures||Venture Capital|
|Turochas Fuad||Founder, travelmob||Entrepreneur|
|Rosaline Chow Koo||Founder, CXA||Entrepreneur|
Associate Director, JAFCO Investments
|Zechariah Chan||Partner, Lee & Lee Partnership||Intellectual property law|
|Volker Heistermann||Managing Director, Yushan Ventures||Venture Capital|
|Darius Cheung||Founder and CEO, 99.co||Entrepreneur|
|Brian Koh||Director, NUS Enterprise||Management Consultant, Entrepreneur|
|Andy Zain||Managing Director, Mountain Ventures||Venture Capital|
|Dennis Goh||Founder, HungryGoWhere||Entrepreneur|
|Mohan Belani||Co-Founder and CEO, e27||Entrepreneur|
|Casey Lau||Co-Founder, StartupsHK||Entrepreneur, Technology|
|Dr John Ng||President, Meta Counsulting||Business Consultant|
|Callum Laing||CEO, Entrevo (Key Persons of Influence)||Business Consultant|
|Surender Dhaleta||Editor, e27||Marketing|
|Keith Ng||Partner, Lee & Lee Partnership||M&A/Corporate Law|
|Keith Timimi||Chairman, VML Qais||Advertising & Marketing|
Entrepreneurs can reach out to any advisor simply by sending them a chat message on the app. If they have a burning question or an issue they are grappling with, they can start a topic, tag the appropriate advisors and have an online discussion with fellow entrepreneurs and experts anytime, anywhere.
The programme and mobile app will be rolled out regionally so entrepreneurs can also meet other SME owners from DBS’ other key markets of China, India, Indonesia, Hong Kong and Taiwan.
Dr Alex Lin, Head, Infocomm Investments Pte Ltd and a DBS BusinessClass advisor, said: “DBS BusinessClass is a good initiative to help bring the fragmented tech start-up community together. Most of our local start-ups lack the necessary experience and require a lot of guidance from successful entrepreneurs and mentors who can help to shorten their learning curve by sharing their personal experience. Apart from that, I hope that through DBS BusinessClass, start-ups can find business partners, investors and business opportunities to help them grow their business further. I look forward to the platform playing a bigger part in nurturing the start-up eco system in Singapore.”
Some of the advisors and experts you can expect to meet in the DBS BusinessClass programme are: (from left to right) Darius Cheung, serial entrepreneur and founder of property search startup 99.co; Zechariah Chan, partner at Lee & Lee; Chan Li Han, co-founder of award-winning optical hardware startup, DynaOptics
DBS BusinessClass members can look forward to exclusive events such as roundtables and seminars where investors, entrepreneurs and industry experts will come together to discuss solutions to meet challenges faced by start-ups and SMEs. Key learnings at each roundtable will be distilled and published on the DBS BusinessClass mobile app. Since March this year, DBS has organised more than 10 events to help SMEs make sense of matters pertinent to running a business, including funding, cash flow management, financial modelling and fund raising.
Access DBS SME banking solutions on the go
Through the DBS BusinessClass mobile app, start-ups and SMEs can also instantly reach the bank’s relationship managers through the app’s chat functions, and get their banking questions answered on the go. They can also access business tools online such as a loan calculator which calculates monthly instalments and interest paid for a variety of business loans.
A working capital tool is also available via the app which allows companies to calculate their cash conversion cycles instantly. The tool also offers tips on how these firms can obtain more operating cash flow.
Stay on top of market trends
Community managers will curate, select and tag relevant news and articles for DBS BusinessClass members every day so they can have, at their fingertips, news and events that impact them directly.
The DBS BusinessClass app can be downloaded for free on iOS and on Google Play. All new BusinessClass members can ride in style with a SGD 20 Uber voucher when they download the app and sign up to be a member.
Discover how DBS BusinessClass helps SMEs with connections, advisory and insights.