Application deadline is now extended till 23 June 2023! The DBS Foundation Business for Impact Grant Award provides holistic support to scale up the business and impact of both social enterprises & SMEs.
In recent years, a remarkable shift has taken place in the business world, with a growing number of companies prioritizing social and environmental impact alongside profitability. These impact-driven businesses are viewed as catalysts for change, capable of tackling pressing global challenges while creating value for their stakeholders. However, they often face significant obstacles when it comes to securing the necessary funding to scale their impact.
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DBS Foundation Business for Impact Grant Award
From now until June 23, social enterprises and SMEs that are developing innovative solutions to address social and environmental issues have the opportunity to submit their proposals for the coveted DBS Foundation Business for Impact Grant Award. Now in its ninth year, this prestigious award aims to recognize and catalyze the growth of businesses that have successfully integrated social or environmental impact into their business models, alongside financial profit.
The benefits of applying for the DBS Foundation grant are manifold for impact-driven businesses. Firstly, the grant provides much-needed financial support to help these businesses scale their impact, with each awardee receiving funding of up to S$250,000. This funding can be utilized for various purposes such as product development, market expansion, and talent acquisition.
The support doesn’t end there. DBS Foundation goes beyond financial assistance by providing awardees with access to a wide range of resources and expertise across DBS Bank. This includes preferential banking packages, skills-building and mentorship programs, and connections to a robust ecosystem of like-minded businesses, investors, and enablers. Such comprehensive support has proven instrumental in accelerating the growth and development of past awardees, while deepening their social and environmental impact.
Moreover, being recognized as a grant awardee by DBS Foundation serves as a powerful endorsement of a business’ impact and potential. It acts as a testament to the quality of their work and can open doors to additional funding, partnerships, and customers. One inspiring success story is that of reach52, an organization committed to providing essential healthcare access to underserved populations worldwide. With the support of DBS Foundation’s grant funding and market insights, reach52 expanded its operations to India and Indonesia, overcoming the challenges posed by the COVID-19 pandemic and positively impacting over 680,000 residents.
If you are a social enterprise or SME registered in DBS Bank’s key markets in Asia, namely Singapore, Hong Kong, China, Taiwan, India, and Indonesia, this is an opportunity not to be missed. Applications will be evaluated based on criteria such as strong leadership, a robust business model, clear value proposition, market traction, and measurable impact targets. Submit your application by June 23, 2023, 11:59 pm, to be considered for this cycle of evaluations.
Lead image courtesy of DBS Foundation.
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