The DBS-NUS Social Venture Challenge Asia is back in 2017!

I have the privilege to attend the finale of this challenge at National Gallery Singapore, The Ngee Ann Kongsi Auditorium (B1) on 4 October 2017.

DBS-NUS Social Venture Challenge Asia is an Asia-wide competition for social entrepreneurs, open to any member of the public. It aims to identify and support innovative ideas and social ventures that have the potential to generate positive, scalable and sustainable social impact.

Group photo of the finalists

Group photo of the finalists

In this year’s DBS-NUS Social Venture Challenge Asia Finale, there are a total of 16 changemakers presenting on their innovative ideas and social ventures that have a positive impact on the social or environmental aspect. Among the 16 changemakers, 1 of the changemakers, Imagtor managed to emerge as the biggest winner in the Challenge, with a total of 3 awards for SVC Asia Enterprise Category, The HEAD Foundation Innovative Social Enterprise Award (Education) and Dell Digital Award.

Let me share more about Imagtor.

Imagtor is a socially responsible enterprise which provides training and employment opportunities for people with disadvantaged in Vietnam. Service provided by Imagtor is high-quality digital services such as video and photography editing. It adopts a co-operative model (a business with a social mission) whereby it balances between the financial aspect and social aspect. It enables its business to operate smoothly and efficiently through attempting to optimize services which can be suitable for people with physically challenged, while at the same time, making a social impact through direct and indirect initiatives such as providing free job skill training and empowerment courses and most importantly, equitable employment opportunities for people with physically challenged.

Here is the Imgator’s statistics*:

imagtors-statistics

Source:Imagator

*More than 50% of full time staffs at Imagtor are physically challenged.

Using Imagtor as an example, it conveys to people that it is possible for a business to be financially sustainable while making a social impact in the society. It is really about understanding the strengths and weaknesses of the target group that one is trying to benefit, and then to optimize their strengths, in order to do well and to do good. In addition, networking can also be of importance, to identify any possible synergies to strengthen their efforts.

Hence, this year’s DBS-NUS Social Venture Challenge Asia Finale was ended off with a showcase and networking dinner, to provide an avenue for the changemakers to once again showcase their innovative ideas and to reach out to any potential client, mentor, and more.

showcases of changemakers' project

Showcase of changemakers’ projects

networking session

Networking session

Su Yuchang (Me), Jed Senthil (Team Leader, C&Y) and Ernest (CAMP HIRO)

Su Yuchang (Me), Jed Senthil (Team Leader, C&Y) and Ernest (CAMP HIRO)

DBS-NUS Social Venture Challenge Asia Finale opened my eyes to understand more about how social enterprises in Asia address various social issues and inspire people to start making an impact in the society as a social entrepreneur!