DBS awards S$175,000 to 5 social ventures; SPH invests more in ViSenze, Kudo

Singapore

MAINBOARD-LISTED companies DBS and Singapore Press Holdings (SPH) have announced several fresh investments in startups, as part of efforts to engage up-and-coming entrepreneurs and technologies.

DBS Foundation (the bank's corporate foundation dedicated to championing social entrepreneurship), together with NUS Enterprise, jointly awarded S$175,000 in seed funding and grants to five social ventures based in Asia on Thursday.

The five are winners of the 2016 DBS-NUS Social Venture Challenge Asia, an annual contest launched in 2014 to identify and support Asian ventures …