Deadline: January 28, 2014
Are you a social entrepreneur? DBS-NUS Social Venture Challenge is now accepting your ideas! The DBS-NUS Social Venture Challenge is an Asia-wide competition for social enterprises open to any member of the public. The competition aims to identify and support new social ventures that have the potential to generate scalable and sustainable social impact. It is an 8-month programme that aims to raise awareness and build a culture of social entrepreneurship in Asia.
- Grand Prize: $30,000
- First Runner-Up prize: $15,000
- Second Runner-Up: $10.000
Finalists and winners will receive priority consideration from our Impact Partners for post-competition support, which may include mentorship, incubation, or even further funding.
In addition, the top 3 winning teams, if eligible, will be placed in the green-lane for the Ministry of Family and Social Development‘s Youth Social Entrepreneurship Programme (YSEP) for Start-Ups, which provides funding support up to SGD50,000 to Singaporean youths (18-35 years old) in developing and implementing their social enterprise start-ups within the Singapore social service sector.
- There is no limit on age, nationality or number of members in a team.
- Ventures that have received outside investment from venture capitalists, private investors, governmental or industry sources at the point of registration are eligible to compete, provided that the total funding (including paid-up capital, grants, loans and other forms of funding) does not exceed S$100,000. (Updated)
- Submissions should be the original work of the team- teams are expected to demonstrate the originality of their ideas whenever possible, or evidence of innovation.
- Proposed ventures must have a scalable social impact in Asia.
- Teams that qualify as semi-finalists/finalists are required to send at least one core member to attend the boot camp and finals in Singapore. Financial assistance will be provided for teams residing outside of Singapore.
- The organisers of the Challenge reserve to right to disqualify any teams that are found to have violated the spirit of the competition guidelines.
- Compelling Value Proposition (20%)
- Social Impact (20%)
- Market potential (20%)
- Economic & Financial Model (20%)
- Team strength (20%)
For more information, click here.