Deadline: 6 May 2018
Do you have a business solution that can significantly improve the community around you in a sustainable manner? If yes, then apply for the 2018 DBS-NUS Social Venture Challenge Asia!
The DBS Foundation together with National University of Singapore (NUS) is currently inviting applicants for its 2018 DBS-NUS Social Venture Challenge Asia that aims to identify and support innovative new ideas and existing social ventures that have the potential to generate positive, scalable and sustainable social impact.
Prize Information
Finalist teams will compete for the top prize of SGD$50,000 at the Finale in Singapore. In addition to the top prize, two prizes of SGD$30,000 and SGD$20,000 will be awarded to two other promising social venture teams.
Eligibility Criteria
- SVC Asia is open to anybody and everybody with an innovative business solution that addresses social issues in Asia, regardless of age and nationality. However, the proposed ventures should be independent entities, i.e. not subsidiaries of an existing corporation or legally-linked to a government entity. Existing non-profit entities can participate only if the entities propose a new venturing idea or a new plan to transform their existing non-profit operations into a financially self-sustaining business which does not rely on philanthropic donations.
- In addition, participating or proposed ventures should not have received funding (combining all grants, prize money and equity) in excess of USD$1,000,000 (with the exception of medical device start-ups and other R&D or capital intensive innovations) at the time of application. The number of years which a participating or proposed venture have been in full operations should be no more than 10 years at the time of application i.e. a registered entity should be registered for less than 10 years at the time of application or the participant have been carrying out groundwork on the proposed solution for less than 10 years at the time of application.
- The participating or proposed venture should not have any religious or political agenda/affiliations.
How to Apply
Interested applicants can apply online via given website.
For more information, please visit Social Venture Challenge Asia.