Changing the world, one social venture at a time

Monday, June 9, 2014

Singapore, 6 June 2014 – Innovative business models to improve education
and healthcare for the underprivileged; a creative multi-functional clothing
design to make lives easier for disaster survivors; a crowdfunding platform
for social ventures; and a scalable plan to boost tourism revenues for local
communities. These are among the 400-plus innovative social venture ideas
that were submitted to the inaugural DBS-NUS Social Venture Challenge
Asia by social entrepreneurs from across Asia, with the aim of making social
impact in their respective communities and beyond.
Seven teams of social entrepreneurs sat on tenterhooks today, anxious to
know who would be crowned the winners of the DBS-NUS Social Venture
Challenge Asia. These are the top teams that took part in this regional social
venture competition, organised by NUS Enterprise in partnership with DBS
Bank. The winners were announced at today’s awards ceremony, with Zaya
Learning Labs clinching the top spot, followed by Maya Universe Academy in
second place and Bodhi Health Education and Local Alike both tying in third
place. All winners were presented their prizes by Dr Tony Tan, President of
the Republic of Singapore, who graced the awards ceremony, held at the
Shaw Foundation Alumni House.
“Our heartiest congratulations go out to the Zaya Learning Labs, Maya
Universe Academy, Bodhi Health Education and Local Alike, as the
inaugural winners of the DBS-NUS Social Venture Challenge Asia. They
have demonstrated strong potential of turning a concept into a concrete
business plan, with actionable steps of generating scalable and sustainable
social impact. NUS Enterprise hopes that the winners, together with other
participants will see this competition as just the start of their career as social
entrepreneurs, who are willing to make a difference in this world,” said Dr
Lily Chan, CEO NUS Enterprise.

Source: Press Release (link opens in a new window)

Categories
Entrepreneurship, Investing
Tags
entrepreneurship, social entrepreneurship, venture capital