$250k for better outcomes

Launched in 2014, a year after DBS Foundation was established, DBS Foundation Grant provides social enterprises with up to $250,000 each to scale up their businesses and drive positive societal change.

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The social enterprises also benefit from mentorship, capacity building and other support measures from DBS Foundation.

Another DBS Foundation grantee in the silver business is care services provider Homage.

The home-grown company enables seniors and their families to access care on demand, so they can age in place at home.

On Homage's mobile app, users can book and pay for nursing, therapy, and daily care services, such as help with feeding, hygiene, mobility, and exercise.

The app's matchmaking engine will select the most suitable caregiver from Homage's pool of about 20,000 all of whom are Singapore citizens or permanent residents.