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DBS Social Innovators 2016 Final Pitch

July 28, 2016

 

DBS Social Innovators 2016 Final Pitch.   HONG KONG,28 July 2016 -
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Four innovative start-ups granted million dollar prize
Contribute to the Community through knowledge and technology

 

DBS Bank has been promoting the development of social enterprises in Hong Kong through HK$ 6-million over the past three years. DBS Foundation kicked off the inaugural DBS Social Innovators 2016 (the Programme) this year. The HK$2-million Programme provides funding and incubation support to social innovators to solve various social problems through social entrepreneurship. The Programme consists of three phases; the 10 finalist teams first received an Acceleration Fund of HK$20,000 and 3 months of incubation support to develop their projects into concrete business models through prototyping, market research as well as product testing.

 

Today, the finalist teams compete for four Champion Prizes with a start-up fund of HK$450,000 each and one year of incubation support to implement their ideas. The Programme is managed and operated by the Hong Kong Council of Social Service (HKCSS).

 

In his address, the Secretary for Innovation and Technology, Mr Nicholas W Yang, said, "The Government promotes innovation and technology not only because it can diversify our economy toward more high-value-added industries. Our focus is also put on tackling social issues, benefiting the community at large through the adoption of innovation and technology." He hoped the awardees can put their ideas into practice and generate greater social benefits.

 

Ms. Karen Ngui from DBS Foundation said “DBS Foundation works with social enterprises and social innovators in Singapore, India, Indonesia, China, Taiwan and Hong Kong with programmes ranging from venture challenges, learning forums, intensive incubation, grant support, financing and skilled volunteer mentoring.”

 

Alex Cheung, Managing Director, Head of Institutional Banking Group, Hong Kong, DBS Bank (Hong Kong) Limited, expressed, “With your support, DBS Social Innovators is able to introduce innovative ideas to solve our social issues using technology, reflecting the DBS Foundation’s commitment to support the creative industry.”

 

Mr Chua Hoi-wai emphasised that cross-sector collaboration among different sectors is the key to success. HKCSS will continue to create favourable factors for social innovations.

 

About DBS Social Innovators 2016

DBS Bank has been promoting the development of social enterprises in Hong Kong through HK$ 6-million over the past three years. This year, DBS Foundation allocates HKD 2 million to launch DBS Social Innovators 2016 www.dbs-socialinnovators.hk, to provide funding and incubation support to social innovators, NGOs, social enterprises and civil organizations to kick-start their social innovation projects. The Programme consists of three phases:

Photo Captions

Photo 1: The judging panel awarded the four champion teams - Heycoins, Longevity Design House, Rubber Boy Academy Animation series and MedEXO Robotics.

Photo 2: (from the left) Anthony Wong, Business Director (Policy Research and Advocacy) of HKCSS, Nicholas W Yang, The Secretary for Innovation and Technology, Karen Ngui, DBS Foundation and Alex Cheung, Managing Director, Head of Institutional Banking Group, Hong Kong, DBS Bank (Hong Kong) Limited, visited the 2015 Grantees’ exhibition. (DOMAT founder was on the right)

 Photo 3: Karen Ngui of DBS Foundation said “DBS Foundation works with social enterprises and social innovators in Singapore, India, Indonesia, China, Taiwan and Hong Kong with programmes ranging from venture challenges, learning forums, intensive incubation, grant support, financing and skilled volunteer mentoring.”

 

Photo 4: Alex Cheung, Managing Director, Head of Institutional Banking Group, Hong Kong, DBS Bank (Hong Kong) Limited, expressed, “With your support, DBS Social Innovators is able to introduce innovative ideas to solve our social issues using technology, reflecting the DBS Foundation’s commitment to support the creative industry.” 

 [End]

 

DBS Foundation

NEWS LINK : https://www.dbs.com/hongkong/newsroom/DBS_Social_Innovators_2016_Final_Pitch

 

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