Deadline: 28 January 2014
Open to: applicants worldwide proposing ventures that have a scalable social impact in Asia
Prize: cash prizes up to SGD 30,000 (17,500 EUR)
Description
The DBS-NUS Social Venture Challenge is an Asia-wide competition for social enterprises open to any member of the public. Launched by DBS and NUS Enterprise, 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. The Challenge also provides multi-dimensional support for budding social entrepreneurs and builds capacity through public education in social entrepreneurship.
Eligibility
- 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.
Prize
Grand Prize – SGD 30,000 (17,500 EUR)
First Runner-up Prize – SGD 15,000 (8,800 EUR)
Second Runner-up Prize – SGD 10,000 (5,800 EUR)
30 % of the prize money will be paid up-front, 70 % will be paid upon incorporation.
Application
For the first round of applications due on 28 January 2014, participants will be required to submit the application form along with a questionnaire and a 3 minute idea pitch video HERE. After the announcement of semi-finalists and the Bootcamp in March, the qualifying participants will be asked to submit a comprehensive business plan online.
For more information about the conmpetition read the infopack HERE.
