DBS Foundation Social Enterprise Grant Program 2020
Deadline: 15 May 2020
The DBS Foundation is seeking applications to award grants to social enterprises and scale their impact.
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The Foundation offers grants between SGD 50,000 and SGD 250,000 to social enterprises who have a product market fit, demonstrated traction in sales and revenue, clear social impact and are ready to scale up.
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Grant For Zero Food Waste Solutions
In 2020, the Foundation will be introducing a special category of grants for innovative businesses working towards Zero Food Waste.
Some examples of these solutions include technology, applications, innovations, products that reduce food loss along the supply chain as well as those that manage surplus food or upcycle food waste to value added products.
DBS Foundation will continue to award grants to SEs addressing other critical social issues.
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The Foundation wants to support social enterprises in scaling their businesses through improving operational capacity, innovation capabilities, extending geographical reach, and thereby increasing their social impact.
The social enterprise seeking the grant must:
Have a business product/solution that has been validated in the market, as evidenced by revenue generation and/or traction in client acquisition, with clear plans to scale up business; and
Be committed to a social mission and have a clear roadmap towards scaling social impact.
Some examples of how a DBS Foundation Social Enterprise Grant may be used:
Expand to new regions/markets
Increase production capacity
Establish / strengthen a brand
Improve operational efficiency
Build or structure a team
Enhance social impact measurement / management
Protect intellectual property
The Foundation funds social enterprises registered and operating in: China, Hong kong, India, Indonesia, Singapore, Taiwan
The Foundation evaluates grant applications on the following criteria:
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Extent to which the solution is different from the status quo
Extent to which social enterprise maintains innovation and continuous improvement
Clarity of social problem, stakeholders/beneficiaries, evidence-based impact metrics
Robustness of theory of change supported by social enterprise model
Established market demand for the social enterprise’s product service offering
Strength of customer acquisition strategy and revenue model
Clear financial track record and realistic projections
Scalability of business and social impact
Feasibility of scale-up plans based on identified key growth drivers and milestones
Operational ability to implement scale-up plans over the next 24 months
Founder’s vision and commitment to achieving scale in profits and social impact
Management team’s experience and ability to achieve the growth targets
The Foundation does not fund:
Specific individual fellowships/stipends and personal expenses, charities or NGOs primarily dependent on donations
Charities or NGOs primarily dependent on donations
Religious organisations for religious purposes, election campaigns, general fund-raising drives or event sponsorships
For more information, visit https://www.dbs.com/foundation/our-support/grant-programme