Eight social enterprise startups took home a total of US$132,000 in awards at the DBS-NUS Social Venture Challenge Asia (SVC Asia) 2017 competition this week.
It is the largest total prize fund in the pan-Asian contest’s four-year history.
Organized by DBS Foundation – the Singaporean bank’s social entrepreneurship initiative – and the National University of Singapore’s commercialization arm, NUS Enterprise, SVC Asia highlights innovative projects and business proposals that “demonstrate positive, scalable, and sustainable social impact within the region.”
Dell, Experian, Syngenta, and the HEAD Foundation, a Singapore-based think tank, also backed the competition.
Six prizes worth US$14,600 apiece in the SVC Asia Enterprise Category were awarded to startups that have already begun generating revenue and are seeking to scale their businesses, with the money coming from DBS Foundation.
ANA by Karma (Hong Kong) – Social enterprise that helps Bhutanese women set up hand-weaving businesses and market their products.