The DBS-NUS Social Venture Challenge Asia is back, to propel your ideas & ventures into the limelight they deserve! We’re looking for 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.
To know more, view the video of DBS-NUS Social Venture Challenge Asia 2017:
SVC Asia is open to anybody and everybody with an innovative business solution that addresses social issues in Asia, regardless of age and nationality. However, the proposed ventures should be independent entities, i.e. not subsidiaries of an existing corporation or legally-linked to a government entity.
Existing non-profit entities can participate only if the entities propose a new venturing idea or a new plan to transform their existing non-profit operations into a financially self-sustaining business which does not rely on philanthropic donations.
In addition, participating or proposed ventures should not have received funding (combining all grants, prize money and equity) in excess of USD$1,000,000 (with the exception of medical device start-ups and other R&D or capital intensive innovations) at the time of application.
The number of years which a participating or proposed venture have been in full operations should be no more than 10 years at the time of application i.e. a registered entity should be registered for less than 10 years at the time of application or the participant have been carrying out groundwork on the proposed solution for less than 10 years at the time of application.
The participating or proposed venture should not have any religious or political agenda/affiliations.
You will need to create a Submittable account to enter the challenge. If you already have a Submittable account, there is no need to create a new one. Once you open a Submittable account, you would be able to access the questionnaire.
Video submission is optional during the pre-qualification round. However, if your business solution is selected as one of the top 100 entries, you will be required to submit a 2-minute video to showcase your business solution, the team behind the venture, a working prototype (if you have), or the community you wish to impact. It could be in any form – narration, animation, direct pitch etc.
Each team should submit only one entry to enable the team’s business solution to be developed to its full potential.
The deadline for the competition is 6 May 2018, 2359 hours (Singapore time).
All finalist teams will receive the following benefits and support:
- 1-day Special Boot-Camp training
- 1-on-1 Presentation Coaching
- Certificate of Recognition for their contribution to the social sector
- Exclusive, facilitated access to the SVC Asia network (comprising of alumni finalist teams, impact partners, mentors, judges, and the SVC Asia steering committee)
- Mentorship or incubation support by DBS Foundation/ NUS Enterprise or in home country by our Impact Partners (if available, and team must meet partner’s selection criteria)
- Exclusive invitation to SVC Asia, DBS Foundation, NUS Enterprise, partner network events
- Showcase opportunity on AsiaForGood website
- Relevant in-kind services/products from our partners (e.g. skilled-volunteer matching)
Finalist teams will compete for the top prize of SGD$50,000 at the Finale in Singapore. In addition to the top prize, two prizes of SGD$30,000 and SGD$20,000 will be awarded to two other promising social venture teams.
If you have any further questions or would like to be involved in the challenge as a partner, judge or mentor, please write in to us at email@example.com.
For details, visit the official website link given here.