DBS Foundation once again looks for innovative and impactful businesses
Indonesia, 19 Jul 2024 - DBS Foundation invites innovative and impactful social enterprises (SEs) and small and medium enterprises (SMEs) to apply for the DBS Foundation Grant Award from July 15 to August 15, 2024. Selected social enterprises and SMEs will receive up to SGD250,000 in grant funding to enable them to expand their positive impact in tackling social and environmental issues. This is aligned with DBS Foundation's 'Trust Your Spark' spirit to ignite the 'spark' or motivation to contribute and make a difference, including by supporting social enterprises.
Specifically, the DBS Foundation Grant programme looks out for social entrepreneurs and SMEs that:
Share DBS Foundation’s vision of a more inclusive world that leaves no one behind
Have impactful and scalable innovative solutions or businesses with a mission to help marginalised communities
Have at least two years of experience in creating social impact
Have clear plans to grow their business
Head of Group Strategic Marketing & Communications at PT Bank DBS Indonesia
Mona Monika
said, "Through this programme, DBS Foundation is committed to improving the lives and livelihoods of the most vulnerable. We strive to bring hope to the deprived so that they can face tomorrow with optimism. This commitment is realised by providing access to the bare essentials such as healthcare, basic education and shelter, or by giving them the skills and opportunities needed to build a better life. This year, we invite companies that have solutions to address these social issues–providing food security, shelter, access to basic education and healthcare (including mental health), or promoting financial inclusion for those in need–to apply for the DBS Foundation Grant Award."
Apart from providing up to SGD250,000 in grant funding, DBS Foundation also taps into Bank DBS' expertise, resources and network to help grantees with capacity building, mentoring, preferential banking solutions and other types of support. They can also connect with DBS Foundation's growing community of Impact Makers to exchange ideas and explore synergies.
Since 2015, the DBS Foundation Grant programme has helped more than 140 purpose-driven businesses to scale up their business and impact through the provision of over SGD17 million in grant funding across Asia. Moreover, through its various initiatives, DBS Foundation has provided mentorship for 1,200 social entrepreneurs and SMEs in the region. Activities such as peer learning, networking, accelerator programs and capacity building, skills-based consultations with experts at DBS Bank equip social enterprises and SMEs with the insights they need to expand their reach and contribution.
In 2023, Nafas, Liberty Society, Plana, and Magalarva from Indonesia received grants to develop their business plans and address such issues as air pollution, food and plastic waste, and women's empowerment. These impactful companies undeniably have the 'spark' that drives them to pursue their dreams and aspirations for the benefits of others. As of 2024, the grant will focus on developing innovative social enterprises and SMEs to help create a more inclusive world and bring change to vulnerable communities in Asia.
All applications received before August 15, 2024 at 23:59 SGT will be further evaluated for the selection of social enterprises and SMEs that will receive grant funding from DBS Foundation.
For more information on the DBS Foundation Grant 2024 programme and application guidelines, visit the following page:
dbs.com/foundation/grants/
.
About DBS Foundation
Established in 2014, DBS Foundation is committed to uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged, and fosters inclusion by equipping the underserved with financial and digital literacy skills. It also nurtures innovative social enterprises that create positive impact. It aims to bring hope to those with less today, so no one is left behind and we can all face the future with confidence.
In 2024, DBS committed up to SGD 1 billion dollars over the next decade to support vulnerable communities. It also pledged to contribute 1.5 million employee volunteer hours over the same period.
Together with an ecosystem of like-minded partners, DBS Foundation seeks to create impact that goes beyond banking, beyond borders, and beyond generations.
For more information, please visit:
www.dbs.com/dbsfoundation
.
About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named
“World’s Best Bank”
by Global Finance,
“World’s Best Bank”
by Euromoney and
“Global Bank of the Year”
by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named
“World’s Best Digital Bank
” by Euromoney and the world’s “
Most Innovative in Digital Banking”
by The Banker. In addition, DBS has been accorded the
“Safest Bank in Asia
“ award by Global Finance for 15 consecutive years from 2009 to 2023. DBS Indonesia is ranked second in the top as
World’s Best Bank in Indonesia
for three consecutive years from 2020 to 2022.
Established in 1989 as part of the Singapore-based DBS Group, PT Bank DBS Indonesia (Bank DBS Indonesia) is one of the banks with the longest history in Asia. Currently operating 1 Head Office, 13 Branch Offices, 16 Assistant Offices and 4 Functional Offices and 3,011 active employees in 15 Major Cities in Indonesia, Bank DBS Indonesia provides comprehensive banking services in the corporate, SME and consumer banking segments that focuses on the customer experience to 'Live more, Bank less'. We also see a purpose beyond banking and are committed to supporting our customers, employees and the community towards a sustainable future.
PT Bank DBS Indonesia
is licensed and supervised by The Indonesian Financial Services Authority (OJK), and an insured member of Indonesia Deposit Insurance Corporation (LPS).
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit
www.dbs.com
.
DBS Bank Ltd | 12 Marina Boulevard, DBS Asia Central @ Marina Bay Financial Centre Tower 3,
Singapore 018982 | Co. Reg. No. 196800306E
Tel: 65.6878 8888 | www.dbs.com
