Deadline: 15-Jun-23
DBS Foundation has launched the Business for Impact Grant Award.
The DBS Foundation Grant Award is the flagship programme to recognise, reward and support businesses for impact, both Social Enterprises and Small and Medium-sized enterprises (SMEs).
What do they look out for?
- A strong business model with clear value proposition and market traction for the solution
- Clear and focused plans to use the grant funding to commercialise and scale the solution over the next 2 years
- Strong leadership with a clear commitment towards building a sustainable business for impact. Strong team with relevant expertise and experience.
- impact targets and ability to track key impact indicators
Funding Information
- Receive up to SGD 250,000 grant
What can the Grant Award be used for?
- The grant award is a recognition towards the sustainability journey that your company has embarked on.
- The areas of social and environmental impact they support include:
- Mitigating the impact of climate change by:
- Reducing carbon emission and footprint
- A circular economy that reduces waste
- Zero food waste, such as reducing food loss along the supply chain, upcycling food waste
- Promote food resilience and security by:
- Promoting sustainable agriculture
- Improving access to food and nutrition
- Improving the lives and livelihoods of marginalised groups by improving access to:
- Education / skills
- Employment
- Financial inclusion
- Promoting good health and well-being by improving access to:
- Healthcare
- Mental well-being
- Sanitation
- Clean water
- Other well-being solutions
- Mitigating the impact of climate change by:
Eligibility Criteria
- You will be eligible for the grant award if you are a traditional SME that is either:
- Pivoting from your existing core business to be more sustainable, or
- Developing a new product/ service line(s) that is seeking to generate social or environmental impact for the wider community outside of the company.
- They provide grants to businesses only and not to individuals.
- They accept applications from social enterprises and SMEs that are registered as legal business entities in at least one of the following markets: China, Hong Kong, India, Indonesia, Singapore and Taiwan.
- Entities that are registered as not-for-profit, sole proprietorship, charities, religious organisations for religious purposes, election campaigns, general fund-raising drives or event sponsorships will not be eligible for the grant award.
For more information, visit DBS Foundation.