The DBS Foundation Impact Beyond Award (“Award”) by DBS Foundation (“DBSF”) is open for applications from social enterprises (“SE") and small-and medium-sized enterprises (“SME”) (hereinafter referred to as “Applicant”).
The Challenge for the 2024 Award is (“Challenge”) is defined as follows: The DBS Foundation is on a mission to find and support groundbreaking businesses from around the world that are tackling the urgent challenges of an ageing society head-on. We seek visionary solutions that enhance the quality of life, revolutionize healthcare and nutrition, combat social isolation, build a dynamic multigenerational workforce, and ensure financial resilience for the vulnerable amongst us.
The DBS Foundation Impact Beyond Award is not just an award—it’s a movement. A movement to scale bold ideas and drive real, sustainable impact. We are looking for the trailblazers and change-makers who see the ageing population not as a problem, but as an opportunity to innovate and create longevity solutions. Join us in transforming the narrative on ageing. Together, we can build a future where every person, at every age, can live with dignity, purpose, and joy.
Applicants must meet the following conditions at the time of application and throughout the application process. Only eligible applications will be considered for evaluation.
Social enterprises and small-and-medium enterprises (SMEs) with an annual total revenue of at least S$5 million in the most recent financial year
Have an innovative and disruptive business model that address pressing needs of an ageing society
Has transformative impact for an ageing society
Collaborative ecosystem approach to scale impact
Demonstrates ambitious and actionable plans for scaling up
Visionary leadership team, motivated to take things to the next level
The Award does not support non-governmental organisations (NGOs), philanthropy-model charities, religious organisations for religious purposes, general fundraising campaigns, entities on bank caution list, student projects and individual pursuits.
Applicants registered and operating in India must be able to provide evidence of having obtained approval under Foreign Contribution Regulation Act (FCRA) to receive funds from foreign entities. Otherwise, Applicants must prove the following:
profitability of the business is dependent solely on sales revenue and not on account of income received by way of grants and/or awards,
does not have a definite cultural, economic, educational, religious or social (“CEERS”) programme, and
the Award will not be used towards funding any other persons and/or entities which would need to be registered to obtain FCRA registration or approval.
SE and SME applicants which have previously received grants from DBS Bank and its affiliates, subsidiaries (“DBS”) and/or DBSF, may apply for the Award. Being a former DBSF grantee does not guarantee successful application to future awards. Every application will be assessed independently on its own merits.
Applications must be made in English, Chinese or Bahasa language.
Incomplete, illegible, corrupted, unrecognisable formats, and untimely entries will be void and disqualified. DBSF accepts no responsibility for any entries that are lost, misdirected, or not received in the online application system for any reason whatsoever.
Only one application will be accepted per entity. If multiple applications are submitted for the same entity, only the most recent submission will be considered before the closing date.
Applicants consent to the collection and use of their personal data (including but not limited to name and contact details) by DBSF and affiliates of DBS in accordance with the DBS Privacy Policy and these Terms and Conditions. All personal data will be kept secure and processed in accordance with the applicable laws.
All information submitted by the Applicant will be treated as confidential and protected in the spirit of non-disclosure. DBSF evaluation panel will not sign any non-disclosure agreements with Applicants.