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News18
a day ago
- Health
- News18
Hyderabad-Based Life Circle Wins Prestigious DBS Foundation Impact Beyond Award
Last Updated: The award includes a grant of SGD 500,000 (approximately Rs 3 crore) to help scale Life Circle's integrated model of home-based eldercare and caregiver training across India Hyderabad-based Life Circle Health Services Pvt. Ltd., a pioneering Indian eldercare company, has been named one of the four global winners of the DBS Foundation Impact Beyond Award 2025. The award includes a grant of SGD 500,000 (approximately Rs 3 crore) to help scale Life Circle's integrated model of home-based eldercare and caregiver training across India. This recognition from DBS Foundation, the philanthropic arm of DBS Bank, underscores Life Circle's mission to address India's growing need for quality senior care by building a sustainable caregiving workforce and delivering compassionate home-based services. Life Circle joins three other winners from Singapore, Hong Kong, and China. All winners were honoured at the Impact Beyond Dialogue; a flagship DBS Foundation event held at Marina Bay Financial Centre in Singapore.'We are honoured to receive the DBS Foundation Impact Beyond Award. This validates our belief that India's eldercare transformation must begin with professionalising caregivers," said Anant Kumar, CEO & Founder of Life Circle. LIFE CIRCLE Life Circle claims to be India's leading eldercare platform, delivering quality home-based care while creating dignified livelihoods for caregivers. With its tech-enabled services, certified caregiver training, and growing nationwide presence, Life Circle is building the foundation for India's ageing population to thrive at home. Founded by healthcare and social impact professionals, Life Circle is India's only full-stack eldercare company combining, Training & certification via Care Skills Academy, Digital skilling through Care Tube app, Technology-enabled home care matching seniors with certified caregivers, Job creation with a focus on women and underserved youth Life Circle's caregivers conduct over 100,000 home visits annually and have achieved a 96% client satisfaction rate. Over 5,000 caregivers have been placed to date—76% of them rural women. Life Circle is also incubated by T-Hub (India's premier innovation hub) and the Asia Pacific Care Accelerator, supported by UN Women and the Indian Government. THE DEMOGRAPHIC India will soon be home to over 150 million seniors, yet 97% of caregivers remain informal and untrained. Many women drop out of the workforce to care for ageing parents and relatives. Constant increase in life expectancy due to improvement in the health care facilities over the years is one of the main reasons for rapid increase in proportion of population of senior citizens. As per Census 2011, the total population of Senior Citizens (people aged 60 years and above) is 10.38 crore, of which population of males and females are 5.11 crore and 5.27 crore, respectively. Expectation of life at birth for males/female has shown a steady rise. Govt of India and many non-government organisations are working tirelessly to deliver home based care to the elderly. They are getting tremendous support from the government and private sector as well. Get breaking news, in-depth analysis, and expert perspectives on everything from politics to crime and society. Stay informed with the latest India news only on News18. Download the News18 App to stay updated! First Published: June 06, 2025, 17:16 IST
Business Times
29-05-2025
- Business
- Business Times
Businesses tackling Asia's ageing crisis awarded S$3 million at DBS Foundation's Impact Beyond Awards
[SINGAPORE] Smart emergency-response devices available round the clock and using artificial intelligence (AI) to help clients match with caregivers were among the four ideas that won the DBS Foundation's inaugural Impact Beyond Awards. They were unveiled during the DBS Foundation Impact Beyond Dialogue on Thursday (May 29). Collectively, the winners will receive S$3 million from the DBS Foundation and support from the bank to further aid them in tackling urgent needs in ageing societies through developing new products, upscaling their operations and more. The emergency-response device, known as the Buddy of Parents (BOP) Button, is for seniors who live alone or lack 24/7 caregiving support. The wall-mounted, battery-operated BOP Button helps to connect seniors to a round-the-clock emergency response centre if they press it. This emergency device is the flagship product of BOP, a wholly owned subsidiary of Singapore-based technology provider iWow Technology. Another winner, Evercare Health – a Hong Kong-based healthcare service – is tackling eldercare from another angle: using AI-powered algorithms to match caregivers and clients. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Through Evercare's mobile app, patients and their caregivers are offered features that include scheduling, in-app communication and payment processing. This is alongside connecting seniors with qualified caregivers and specialty services by considering each patient's personal preferences. Rounding out the list of winners were China-based Hua Kang Health Industry Group and India-based Life Circle Health Services. Force for good The awards build on the foundation's commitment to help purpose-driven businesses create an impact, which includes an annual DBS Foundation grant programme for social enterprises that has been running since 2015. This programme has disbursed S$21.5 million in funding to more than 160 organisations regionwide. 'We hope these innovative businesses for impact will demonstrate that businesses can indeed be a force for good,' said Karen Ngui, head of DBS Foundation and DBS group strategic marketing and communications. 'Ageing well should not be a privilege for just the select few but a shared promise for all.' Ngui highlighted that living in a world where the number of people aged over 60 outnumber those younger than five is 'sobering to see'. Singapore was deemed an aged society in 2017 and is barrelling towards a 'super-aged' status in 2026. By 2030, one in four of Singaporeans will be aged 65 and above. An ageing population could create social fractures as seniors, especially those living alone, are more susceptible to social isolation. Rising life expectancies also put a strain on the Republic's healthcare system and raise the emotional and financial burdens on families and caregivers. These were some of the issues explored by the four winners, as well as some senior executives from DBS, GovTech chief executive Goh Wei Boon and Dr Fidah Alsagoff, vice-chairman of life sciences at Temasek International, during the Impact Beyond Dialogue. Kenneth Wong, CEO of Evercare Health, pointed to an inflection point that many will probably go through – transitioning from being someone's child to being their caregiver. For some, the change develops gradually but it can be immediate for others, said Wong, adding that, regardless, it is something that many are never prepared for. His AI-powered technology is aimed at simplifying that and making healthcare more flexible and accessible. Chen Jer Yaw, executive director of BOP, noted that the human-centeredness of these technologies is also important. 'We must understand that technology is to aid (the) human ability to reach out to our loved ones,' he said, adding that though nothing will replace human touch, AI's advancement can still help reduce feelings of isolation. Support needed However, businesses looking to address issues raised by an ageing population have also realised that they cannot face the problem alone. Both the CEO of Life Circle Health Services and the chairman of Huakang Health Group highlighted that they needed two types of support. The first of which, to understand their customers, would be partnerships with grassroots organisations that have worked closely with seniors and caregivers. The second would be government support to help them scale up operations. Tan Su Shan, CEO of DBS, noted that besides creating partnerships between various parts of the ecosystem, building transborder relations is also important. 'We have to create these bridges so that, in spite of whatever geopolitical noises we have, we can embrace AI for good and use it really to create good for the firm and for our societies.'
Malay Mail
29-04-2025
- Business
- Malay Mail
DBS Foundation's Inaugural "GBA Impact Beyond Dialogue 2025" to Explore the Future of an Ageing Society
Reimagining collaborative approaches to silver economy with government, businesses and social enterprises Leaders from business and social sectors convene at the DBS Foundation's 'GBA Impact Beyond Dialogue 2025' to explore collaborative solutions for ageing population and potential market of silver economy. Alphae Chen, Head of DBS Foundation and Head of Group Strategic Marketing and Communications, DBS Bank (Hong Kong) Limited, said, "At DBS Foundation, we believe that addressing the needs of our ageing population is not just a responsibility but an opportunity for transformation. At this inaugural 'GBA Impact Beyond Dialogue 2025', we aim to connect like-minded businesses to collaborate, share different perspectives and generate innovative ideas that will drive actionable solutions to empower and enable our seniors to age and live in dignity, and to foster a society where seniors are supported and engaged, where their life knowledge and experience can be shared across generations." [1] This figure includes this latest instalment of the DBS Foundation grant programme. [2] Singapore, Mainland China, Hong Kong, Taiwan, India, Indonesia. HONG KONG SAR - Media OutReach Newswire - 29 April 2025 - As Hong Kong and other cities in the Greater Bay Area face challenges brought by an ageing population,believes that a senior-friendly community can be a powerful driver for innovation and economic growth. DBSF today hosts its first-everwhich brings together leaders from the government, businesses and social enterprises, redefining the silver economy and exploring cross-sector and cross-border collaborations that transform ageing into a valuable asset for the economy and society., emphasised during his opening remarks that collaborative efforts are needed to address the opportunities and challenges posed by an ageing population. "As we navigate the complexities of an ageing population, it is essential for the community to foster a culture of collaboration and innovation. This Dialogue offers an invaluable platform for stakeholders to collaborate, co-creating a supportive environment where seniors can thrive and contribute meaningfully to society," he forum features a range of discussions from leveraging innovation to cultivate holistic wellbeing in an ageing society to promoting social inclusion in Hong Kong and other cities in the Greater Bay Area.19 local social enterprises were invited to showcase their innovative solutions including those focusing on addressing ageing issues in the silver DBSF has committed to supporting social enterprises and promoting sustainable development since its establishment in 2014. DBS Bank pledged to invest up to SGD 1 billion (approximately HKD 5.7 billion) from 2024 over the next decade to support vulnerable addition, the event introduces the three grantees of the DBS Foundation Grant 2024, recognising impactful social enterprises. Since the launch of the grant programme in 2015, DBSF has disbursed grants totalling SGD 21.5 million[1] (equivalent to HKD 123.8 million) to some 160 grantees. Last year, over 1,500 applications across key markets[2] were received, with 22 social enterprises awarded a total of SGD 4.5 million (equivalent to HKD 25.9 million) to scale up their business and benefit vulnerable communities. All in, their work is projected to collectively benefit more than 800,000 beneficiaries over two the 22 grantees, three notable Hong Kong enterprises include The Project Futurus, which promotes positive ageing, dignity dining and social inclusion through education, advocacy, and community service; Motive Force, which advances elderly and disabled well-being through innovative gerontechnology, rehabilitation, and primary healthcare solution; and Rhys Workshop, which empowers marginalised communities with sewing training and remote work opportunities for sustainable more information on DBSF's work and the DBSF Grant, please visit: Hashtag: #DBSFoundation The issuer is solely responsible for the content of this announcement. DBS Foundation DBS Foundation is committed to uplifting lives and livelihoods of those in need. Since 2014, it has been championing innovative businesses for impact – businesses that are focused on addressing key societal issues, and achieve profit through purpose. Through philanthropic funding, capacity-building, mentorship and other support measures, DBS Foundation catalyses the growth and impact of these purpose-driven businesses. It also seeks to ignite positive change by helping the underserved and underprivileged to build towards better circumstances. This includes providing essential needs to those without, and fostering inclusion by equipping them with financial and digital literacy skills. DBS Foundation also works with other like-minded partners to ignite enduring change. Its vision is to spark collective action to help build a better world; to make every day better and every tomorrow brighter. For more information, please visit:
Arabian Post
29-04-2025
- Business
- Arabian Post
DBS Foundation's Inaugural 'GBA Impact Beyond Dialogue 2025' to Explore the Future of an Ageing Society
HONG KONG SAR – Media OutReach Newswire – 29 April 2025 – As Hong Kong and other cities in the Greater Bay Area face challenges brought by an ageing population, DBS Foundation ('DBSF') believes that a senior-friendly community can be a powerful driver for innovation and economic growth. DBSF today hosts its first-ever 'GBA Impact Beyond Dialogue 2025: The Future of Ageing in Hong Kong & GBA', which brings together leaders from the government, businesses and social enterprises, redefining the silver economy and exploring cross-sector and cross-border collaborations that transform ageing into a valuable asset for the economy and society. Leaders from business and social sectors convene at the DBS Foundation's 'GBA Impact Beyond Dialogue 2025' to explore collaborative solutions for ageing population and potential market of silver economy. Ho Kai Ming, JP, Under Secretary for Labour and Welfare, HKSAR Government, emphasised during his opening remarks that collaborative efforts are needed to address the opportunities and challenges posed by an ageing population. 'As we navigate the complexities of an ageing population, it is essential for the community to foster a culture of collaboration and innovation. This Dialogue offers an invaluable platform for stakeholders to collaborate, co-creating a supportive environment where seniors can thrive and contribute meaningfully to society,' he remarked. The forum features a range of discussions from leveraging innovation to cultivate holistic wellbeing in an ageing society to promoting social inclusion in Hong Kong and other cities in the Greater Bay Area.19 local social enterprises were invited to showcase their innovative solutions including those focusing on addressing ageing issues in the silver economy. The DBSF has committed to supporting social enterprises and promoting sustainable development since its establishment in 2014. DBS Bank pledged to invest up to SGD 1 billion (approximately HKD 5.7 billion) from 2024 over the next decade to support vulnerable communities. Alphae Chen, Head of DBS Foundation and Head of Group Strategic Marketing and Communications, DBS Bank (Hong Kong) Limited, said, 'At DBS Foundation, we believe that addressing the needs of our ageing population is not just a responsibility but an opportunity for transformation. At this inaugural 'GBA Impact Beyond Dialogue 2025', we aim to connect like-minded businesses to collaborate, share different perspectives and generate innovative ideas that will drive actionable solutions to empower and enable our seniors to age and live in dignity, and to foster a society where seniors are supported and engaged, where their life knowledge and experience can be shared across generations.' In addition, the event introduces the three grantees of the DBS Foundation Grant 2024, recognising impactful social enterprises. Since the launch of the grant programme in 2015, DBSF has disbursed grants totalling SGD 21.5 million[1] (equivalent to HKD 123.8 million) to some 160 grantees. Last year, over 1,500 applications across key markets[2] were received, with 22 social enterprises awarded a total of SGD 4.5 million (equivalent to HKD 25.9 million) to scale up their business and benefit vulnerable communities. All in, their work is projected to collectively benefit more than 800,000 beneficiaries over two years. Among the 22 grantees, three notable Hong Kong enterprises include The Project Futurus, which promotes positive ageing, dignity dining and social inclusion through education, advocacy, and community service; Motive Force, which advances elderly and disabled well-being through innovative gerontechnology, rehabilitation, and primary healthcare solution; and Rhys Workshop, which empowers marginalised communities with sewing training and remote work opportunities for sustainable careers. For more information on DBSF's work and the DBSF Grant, please visit: [1] This figure includes this latest instalment of the DBS Foundation grant programme. [2] Singapore, Mainland China, Hong Kong, Taiwan, India, Indonesia. Hashtag: #DBSFoundation The issuer is solely responsible for the content of this announcement. DBS Foundation DBS Foundation is committed to uplifting lives and livelihoods of those in need. Since 2014, it has been championing innovative businesses for impact – businesses that are focused on addressing key societal issues, and achieve profit through purpose. Through philanthropic funding, capacity-building, mentorship and other support measures, DBS Foundation catalyses the growth and impact of these purpose-driven businesses. It also seeks to ignite positive change by helping the underserved and underprivileged to build towards better circumstances. This includes providing essential needs to those without, and fostering inclusion by equipping them with financial and digital literacy skills. DBS Foundation also works with other like-minded partners to ignite enduring change. Its vision is to spark collective action to help build a better world; to make every day better and every tomorrow brighter. For more information, please visit:
The Sun
29-04-2025
- Business
- The Sun
DBS Foundation's Inaugural 'GBA Impact Beyond Dialogue 2025' to Explore the Future of an Ageing Society
HONG KONG SAR - Media OutReach Newswire - 29 April 2025 - As Hong Kong and other cities in the Greater Bay Area face challenges brought by an ageing population, DBS Foundation ('DBSF') believes that a senior-friendly community can be a powerful driver for innovation and economic growth. DBSF today hosts its first-ever ' GBA Impact Beyond Dialogue 2025: The Future of Ageing in Hong Kong & GBA ', which brings together leaders from the government, businesses and social enterprises, redefining the silver economy and exploring cross-sector and cross-border collaborations that transform ageing into a valuable asset for the economy and society. Ho Kai Ming, JP, Under Secretary for Labour and Welfare, HKSAR Government, emphasised during his opening remarks that collaborative efforts are needed to address the opportunities and challenges posed by an ageing population. 'As we navigate the complexities of an ageing population, it is essential for the community to foster a culture of collaboration and innovation. This Dialogue offers an invaluable platform for stakeholders to collaborate, co-creating a supportive environment where seniors can thrive and contribute meaningfully to society,' he remarked. The forum features a range of discussions from leveraging innovation to cultivate holistic wellbeing in an ageing society to promoting social inclusion in Hong Kong and other cities in the Greater Bay Area.19 local social enterprises were invited to showcase their innovative solutions including those focusing on addressing ageing issues in the silver economy. The DBSF has committed to supporting social enterprises and promoting sustainable development since its establishment in 2014. DBS Bank pledged to invest up to SGD 1 billion (approximately HKD 5.7 billion) from 2024 over the next decade to support vulnerable communities. Alphae Chen, Head of DBS Foundation and Head of Group Strategic Marketing and Communications, DBS Bank (Hong Kong) Limited, said, 'At DBS Foundation, we believe that addressing the needs of our ageing population is not just a responsibility but an opportunity for transformation. At this inaugural 'GBA Impact Beyond Dialogue 2025', we aim to connect like-minded businesses to collaborate, share different perspectives and generate innovative ideas that will drive actionable solutions to empower and enable our seniors to age and live in dignity, and to foster a society where seniors are supported and engaged, where their life knowledge and experience can be shared across generations.' In addition, the event introduces the three grantees of the DBS Foundation Grant 2024, recognising impactful social enterprises. Since the launch of the grant programme in 2015, DBSF has disbursed grants totalling SGD 21.5 million[1] (equivalent to HKD 123.8 million) to some 160 grantees. Last year, over 1,500 applications across key markets[2] were received, with 22 social enterprises awarded a total of SGD 4.5 million (equivalent to HKD 25.9 million) to scale up their business and benefit vulnerable communities. All in, their work is projected to collectively benefit more than 800,000 beneficiaries over two years. Among the 22 grantees, three notable Hong Kong enterprises include The Project Futurus, which promotes positive ageing, dignity dining and social inclusion through education, advocacy, and community service; Motive Force, which advances elderly and disabled well-being through innovative gerontechnology, rehabilitation, and primary healthcare solution; and Rhys Workshop, which empowers marginalised communities with sewing training and remote work opportunities for sustainable careers. For more information on DBSF's work and the DBSF Grant, please visit: [1] This figure includes this latest instalment of the DBS Foundation grant programme. [2] Singapore, Mainland China, Hong Kong, Taiwan, India, Indonesia. Hashtag: #DBSFoundation The issuer is solely responsible for the content of this announcement. DBS Foundation DBS Foundation is committed to uplifting lives and livelihoods of those in need. Since 2014, it has been championing innovative businesses for impact – businesses that are focused on addressing key societal issues, and achieve profit through purpose. Through philanthropic funding, capacity-building, mentorship and other support measures, DBS Foundation catalyses the growth and impact of these purpose-driven businesses. It also seeks to ignite positive change by helping the underserved and underprivileged to build towards better circumstances. This includes providing essential needs to those without, and fostering inclusion by equipping them with financial and digital literacy skills. DBS Foundation also works with other like-minded partners to ignite enduring change. Its vision is to spark collective action to help build a better world; to make every day better and every tomorrow brighter. For more information, please visit:
