The DBS Foundation has increased its funding pool to support social enterprises.
The DBS Foundation, the DBS Bank arm dedicated to championing social entrepreneurship, has increased the funding pool of its grant programme.
The DBS Foundation Social Enterprise Grant Programme has doubled its funding in 2021 to $3 million, showing the bank’s heightened support to social enterprises in scaling their operations as the pandemic persists.
“Social enterprises play essential roles in improving lives and livelihoods while addressing key societal gaps at a systemic level. With the bigger grant quantum this year, we hope to support more SEs in the region during these especially challenging times, as they make bigger strides in delivering impact and enacting change from the ground-up,” said DBS Foundation Board Member and DBS Strategic Marketing and Communications Head Karen Ngui.
Interested enterprises from Singapore, Hong Kong, China, Taiwan, India and Indonesia can apply until June 15, and will be evaluated from mid-June to September. Chosen businesses can get a grant funding of up to $250,000 each and support from DBS’ capacity-building programmes, networking and publicity opportunities, and becoming a part of the DBS Foundation’s social enterprise community.
The programme received more than 800 applicants in its 2020 grant round.
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