The DBS Foundation and SMU have launched a DBS Foundation Social Impact Prize to identify sustainable business solutions to address social and environmental problems globally. The global competition is part of SMU's Lee Kuan Yew Global Business Plan Competition. The deadline for entry submission is Nov 17. Hau Koh Foo, Director of SMU’s Institute of Innovation and Entrepreneurship, said that the Lee Kuan Yew Global Business Plan Competition has the potential to be a globally recognised platform for young entrepreneurs to develop innovative ideas with a positive impact for current and future cities.