DBS Basis launches regional grant programme for SMEs, adapted to kickstart their sustainability adventure

DBS Basis introduced the release of a brand new grant programme to strengthen small-and-medium enterprises…

DBS Basis introduced the release of a brand new grant programme to strengthen small-and-medium enterprises (SMEs) having a look to kickstart their transition against turning into extra sustainable companies. That is an extension of DBS Basis’s ongoing strengthen for social enterprises (SEs), because it endeavours to foster the expansion of businesses-for-impact (outlined as companies with twin bottom-lines of benefit and affect), without reference to their degree of expansion.

DBS Basis SME Grant Programme – newly introduced!

  • Seek is on for SMEs with cutting edge sustainability answers – proposals will have to cope with no less than some of the following spaces: (1) decreasing power intake, (2) decreasing waste, or (3) sustainable provide chains.
  • Grant awardees stand to obtain:
    • Grant quantity – as much as SGD 100,000
    • Structured mentorship and advisory strengthen – DBS Basis and the DBS SME Banking staff will paintings with every SME awardee to map out key milestones and affect results throughout a two-year horizon[1]
    • Reinforce from broader DBS franchise to assist promising grant awardees scale their companies – together with a spread of running capital, provide chain financing, and virtual transformation answers
  • Evaluate – candidates should reveal the innovativeness and scalability in their resolution, transparent plans to combine sustainability into trade operations, and a powerful management staff with demonstrated dedication against constructing a sustainable undertaking
  • Eligibility – open to SMEs included in Singapore, Hong Kong, Taiwan, India, and Indonesia

Joyce Tee, Crew Head of SME Banking at DBS, and Board Member of DBS Basis, mentioned: “As the arena emerges from the shadow of Covid-19, there’s a renewed sense of urgency amongst SMEs to make a favorable affect past themselves whilst they develop their companies. Whilst our engagement with SME house owners has published their willing pastime in adopting extra sustainable trade fashions, they’re frequently stuck up with operational issues and would possibly lack the bandwidth or assets to start out. It is a hole that the DBS Basis goals to fill with the brand new SME Grant Programme, which is able to assist SMEs take their first step against reworking into companies for affect. Past grant investment, DBS can even avail our suite of sustainable financing answers, ecosystem platforms and advisory services and products to assist essentially the most promising SME awardees boost up their transformation efforts.”

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DBS Basis additionally continues to deepen its strengthen for the SE sector, with its flagship SE grant programme now in its 8th yr. The programme used to be designed to plug the investment hole for ingenious start-ups which are fixing crucial social and/or environmental problems thru their companies, and empower them to scale as much as create deeper affect. The SE grant programme additionally includes a “0 Meals Waste” class, which is taken with supporting SEs whose answers assist take on the worldwide downside of meals waste.

DBS Basis SE Grant Programme – now in its 8th yr!

  • At the hunt for SEs with cutting edge answers tackling affect spaces – (1) social affect, (2) environmental affect, and (3) “0 Meals Waste”
  • Grant awardees stand to obtain:
    • Grant quantity – as much as SGD 250,000
    • Holistic strengthen to enhance trade foundations and scale expansion – DBS and DBS Basis will channel all-of-bank assets to avail SE awardees with complete strengthen in spaces together with capacity-building and mentorship, trade and networking alternatives, and awareness-building
    • Get right of entry to to different businesses-for-impact in DBS Basis’s ecosystem – this facilitates peer finding out and attainable collaboration
  • Evaluate – candidates should reveal a market-validated trade fashion, a transparent roadmap for attaining twin bottom-line expansion, and demonstrated dedication to a social and/or environmental challenge
  • Eligibility – Open to SEs which are in seed to preliminary scale-up levels, and included in Singapore, Hong Kong, Taiwan, China, India, or Indonesia.

Karen Ngui, Crew Head of Strategic Advertising and Communications at DBS, and Board Member of DBS Basis, mentioned: “For the reason that inception of DBS Basis 8 years in the past, we’ve got helped strengthen over 800 SEs around the area and awarded over SGD 10 million in grants to 93 SEs. Many of those SEs had cutting edge trade fashions with sturdy attainable for expansion, however had been impeded via capital and capacity-building gaps. Maximum of them have advanced from start-ups to continuously rising businesses-for-impact, which could be very encouraging to peer. Companies are more and more anticipated to be a drive for excellent in those post-pandemic occasions, and with the brand new DBS Basis SME grant programme, we are hoping to inspire and permit extra SMEs to take a step ahead of their sustainability adventure.”

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The appliance window for each grant programmes[2] will start from 15 April 2022 to 31 Would possibly 2022. All programs won ahead of 31 Would possibly 2022, 2359 hours (Singapore time, GMT +8) will likely be evaluated in 2022, and programs won thereafter will likely be evaluated within the subsequent grant cycle. The announcement of a hit grant awardees will likely be made against the tip of this yr.

As a purpose-driven financial institution, DBS is dedicated to making affect past banking. Previous this yr, it introduced the growth of DBS Basis’s remit to incorporate a brand new ‘Group Affect’ bankruptcy taken with group giving and volunteerism efforts within the spaces of schooling, aged, and the surroundings, along with its present ‘Industry for Affect’ bankruptcy. This used to be enabled via the dedication of an extra SGD 100 million via the financial institution, which will likely be channelled against supporting DBS Basis’s paintings and different philanthropic projects.

Supply: DBS Financial institution