The DBS-NUS Social Venture Challenge Asia is back!

This year’s edition aims to identify aspiring and early stage entrepreneurs who are passionate and leverage on their innovative business solutions (be it product, service or processes) to solve social issues and create positive and sustainable social impact in Asia.

The 2017 edition has 2 different categories for application submission, depending on the stage of your idea or social venture.

  • IDEA CATEGORY for those who are still validating their idea, trying to build a minimum viable product, or have conducted trials with a small group of customers, but have yet to generate consistent revenue.
  • ENTERPRISE CATEGORY for those who are already consistently generating revenues or expanding to new regions to grow its size and impact.

In addition, up to 2 teams from the IDEA category and up to 6 teams from the ENTERPRISE category would be awarded with prize money, in total worth over SGD150,000.  Going beyond the prize money from the Challenge, both DBS Foundation and NUS Enterprise will provide 6 months of post-competition support for the finalist teams, such as matching you with meaningful mentors, as well as relevant incubation support with us or our country partners.

The Challenge is open for online submission of application from 17 April to 14 May 2017!

Key Dates

17 Apr – 14 May: Application period

Apr to May: Access our online resources and local workshops (in some countries)

19 Jun: Selection of top 30 ideas and top 60 enterprises (Selected teams will be notified through e-mail)

14 Aug: Public announcement of Top 10 Ideas and Top 15 Enterprises

14 Aug – 22 Sept: Judging (for idea category) and online voting (for both categories)

2 – 4 Oct: Finale in Singapore. Top 2 IDEA category teams and Top 15 ENTERPRISE category teams will be flown to Singapore for training, mentoring and networking

Oct 2017 – Mar 2018: Post-competition support

Over S$150,000 in prize money for top entries

Up to 2 teams from the IDEA category and up to 6 teams from the ENTERPRISE category will be awarded with prize money. Refer to the individual category pages for more information

Networking and access to funders and corporations

Opportunities to network with industry experts and impact funders, and access the resources of our corporate partners

Connect with mentors and other change makers

Learn from experienced mentors and connect with our community of fellow Asian change makers

Post-Challenge support

Count on continued support from the organisers for a period of 6 months after the Challenge

 General Eligibility

Who can participate?

 

1. There is no limit on age, nationality or number of members in a team. You are welcome to participate whether you have an idea, or have already started a venture, as long as it is innovative and able to generate positive and sustainable social impact in Asia.

2. Participating or proposed ventures should be independent entities, meaning that they should not be a subsidiary of an existing corporation or have legal ties to a government body.

3. Participating or proposed ventures should not have received funding (combining all grants, prize money and equity) in excess of USD500,000 (with the exception of medical device start-ups) at the time of application.

4. For participating or proposed ventures, the number of years in full operation should be no more than 5 years at the time of application.

5. Existing non-profits can participate, however they should propose a new venturing idea or a new plan to transform their existing non-profit operation into a financially sustainable business.

6. Proposed ventures should demonstrate innovativeness in their business solutions as well as positive, sustainable and scalable social impact in Asia (though not exclusively).

7. 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.

8. Teams that qualify for the Finals are required to send at least one core member to attend the Finale Week in Singapore from 2 to 4 October 2017. Financial assistance will be provided for one representative per team for teams residing outside of Singapore.

9. The organisers of the Challenge reserve to right to disqualify any teams that are found to have violated the spirit of the competition guidelines.

Which category should I apply to?

Idea Category

For teams that are validating your idea, trying to build a minimum viable product, or have conducted trials with a small group of customers, but have yet to generate consistent revenue

Enterprise Category

For teams/ventures that are consistently generating revenues, or expanding to new regions to grow in your size and impact