DBS Awards Nine Social Enterprises
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Nine do-gooder firms in Asia are taking home nearly $1 million (S$1.3 million) under this year’s DBS Foundation Social Enterprise Grant Programme.
Three of this year’s winners hailed from Singapore: NamZ, a food science startup; reach52, which uses apps to collect health data from under-served rural communities and hook them up with care providers; and Agape Connecting People, which finds work for people with disabilities, single mothers, prisoners and other disadvantaged job seekers.
From empowering the disadvantaged and marginalized, to creating nutritious food that benefits both the environment and smallholder farmers, we are delighted to support these inspiring social entrepreneurs as they strive to build a better future for all, said Karen Ngui, head of group strategic marketing and communication at DBS in a media statement.
The DBS Foundation scheme, which was launched in 2015, is open to social enterprises from Singapore, India, Indonesia, Taiwan, Hong Kong, and China.
Each recipient gets up to S$250,000 to scale up its business operations. The funds can go towards market expansion, a production ramp-up, or other ways to grow the company’s impact on society.
Questions & Answers
Q.How many countries are eligible to participate in the DBS Foundation Social Enterprise Grant Programme?
How many countries are eligible to participate in the DBS Foundation Social Enterprise Grant Programme?
Social enterprises from six countries are eligible to apply for the grant programme. These countries include Singapore, India, Indonesia, Taiwan, Hong Kong, and China.
Q.Which of this year's grant recipients came from Singapore?
Which of this year's grant recipients came from Singapore?
Three of this year's grant winners were from Singapore. These firms are NamZ, a food science startup; reach52, which focuses on health data; and Agape Connecting People, which assists disadvantaged job seekers.
Q.When was the DBS Foundation scheme, which awards these grants, first launched?
When was the DBS Foundation scheme, which awards these grants, first launched?
The DBS Foundation scheme, which provides grants to social enterprises, was launched in 2015. It aims to support inspiring social entrepreneurs in building a better future.