D-Prize Competition is now accepting applications from Entrepreneurs Worldwide to participate in the 2018 challenge. Each winner will get up to $20,000 to launch a pilot in any region where extreme poverty exists.
D-Prize expands access to poverty-alleviation interventions in the developing world. Many solutions to poverty already exist. The challenge is distributing these solutions to the people who need it most.D-Prize programs produce new “distribution entrepreneurs” – social entrepreneurs who start new ventures that distribute proven life-enhancing technologies to millions of people living in extreme poverty.
Who Should Apply for D-Prize Competition.
You should have enormous ambition, and can imagine yourself as a successful entrepreneur. You are ready to launch your new venture, and – if a pilot proves successful – you are excited to grow it into a world changing organization.
If you are still a student or have existing commitments, you should have a clear idea how to transition into a full-time founder.
D-Prize is exclusively interested in ventures that will scale distribution of an already proven poverty intervention in the developing world. We do not fund prototypes of promising new interventions.
D-Prize Competition Challenges.
The world has already invented ways to end poverty, yet the best interventions are not being distributed at mass-scale. Can you design a business or NGO that solves one of the Distribution Challenges below?
- + GIRL’S EDUCATION
- + AGRICULTURE
- + ENERGY
- + GLOBAL HEALTH
- + EDUCATION
- + GOVERNANCE AND INFRASTRUCTURE
- + CUSTOM
D-Prize Competition Eligibility.
- D-Prize is for aspiring entrepreneurs from anywhere in the world, of any age, and any background.
- They will consider funding existing organizations only if:
- you are piloting a new distribution-focused initiative, and
- you need high risk capital.
- D-Prize is also open to any business model (for profit, non-profit, and everything in between).
D-Prize Competition Benefits.
- All winners will be awarded up to $20,000. The award is offered in the form of a convertible grant.
- Up to 25 of the most promising proposals will be selected for funding awards, regardless of which challenge track was selected.
D-Prize Competition Judging Criteria.
The D-Prize judging panel is composed of individuals with professional experience distributing life-changing technologies in the developing world.
Contestants are evaluated based on:
- Passion and potential for candidate’s success, as evident by their academic and professional background, relevant skills, and quick leadership trajectory.
- Focus on distribution. Proposals must focus on distributing a proven poverty solution that needs greater access in the developing world.
- Potential for scale, based on the organizational model proposed in the concept note and the entrepreneur’s desire to commit and grow.
D-Prize Competition Timeline.
- The Global Competition launches on September 4th, 2018.
- Early Submission Deadline: October 14th, 2018 at midnight PT (pacific time)
- Regular Submission Deadline: November 4th, 2018 at midnight PT (pacific time)
- Extension Deadline (limited to 400 people who register): November 25th, 2018 at midnight PT (pacific time)
How to Apply for D-Prize Competition.
- Proposals must be submitted following the instructions in this packet.
- Extra material outside of the proposal will not be considered.
- Revisions to proposals after submission will also not be considered.
- Only one proposal per person or partnership will be considered.
- Proposals must be written in English.
- Prepare your concept note and resume, and clearly name your files. Files must be PDF and are limited to a size of 4MB each.
- Input your contact details and upload your documents to d-prize.org/submit
Source – MyschoolGist
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