Can you create a new company or NGO that delivers a demonstrated poverty intervention on a large scale? Send in your concept for a new organization that addresses one of the Distribution Challenges.
To eliminate poverty, the world has already invented products and services. Nonetheless, they discovered many proven interventions with significant delivery gaps.
Millions of people continue to lack access to basic poverty-fighting resources. The D-Prize incubates new ventures that disseminate proven poverty interventions.
D-Prize Challenges
Health
The challenges here include Self-injectable contraceptives, oxygen, patient identification, , maternal health, voluntary medical Male Circumcision, preventing mother-to-child HIV transmission, sugar daddy awareness
Water
Can you sell ceramic water filters to individuals living in regions where there is no access to clean water?
Education
Teaching at the Appropriate Level: Can you teach basic reading and math skills to primary school students in a classroom with limited resources?
Agriculture
The challenges here include Quality input, Post-harvest support, Make your own agricultural challenge, Propose your own livestock challenge
Livelihoods
This involves Poverty graduation and Consider creating your own financial inclusion challenge.
Energy
Solar lamp challenge: Can you sell pico solar lamps to rural or slum dwellers who do not have regular access to electricity?
Services provided by the government
This includes government transparency and road safety challenge:
Benefits of participation
- They will grant up to $20,000 USD to the most viable teams to launch their new organization wherever abject poverty occurs.
- The average D-Prize award is $15,000 in value.
Criteria for Eligibility
- D-Prize is open to budding entrepreneurs from all over the world, of any age, and from any background. The large bulk of awardees has neither launched nor generated any funding.
- They will take into account funding existing organizations only if you are distributing an established intervention and have a high-risk capital requirement that cannot be met by your current donors or revenue.
- Existing organizations applying for the D-Prize must have been in operation for no more than 18 months and have generated no more than $30,000 in outside funding.
- They offer an apology, but they can only assess applications submitted in English at this time. Nevertheless, you are not required to be fluent in English to apply, and grammar and vocabulary errors will not be reprimanded. They only want to grasp your concept.
- You should have a lot of ambition and be able to see yourself as a successful entrepreneur. You are prepared for the start of your new venture, and if a pilot grows strong, you are eager to scale it up to become a world-changing organization.
- If you are still a student or have existing obligations, you should have a clear plan for transitioning into a full-time founder.
- D-Prize is only interested in ventures that will scale the distribution of a previously proven poverty intervention in developing countries. They do not fund prototypes of potentially beneficial new interventions.
The Evaluation Procedure
- Round 1: Submit your concept note as well as your resume (s). Each competition receives over 2000 submissions.
- Round 2: The top 5% of entrepreneurs are asked to respond to short-written questions. You will have two weeks to draft and submit your proposal.
- Final Round: Top entrepreneurs are interviewed over the phone and via email. The top 1% will receive up to $20,000 in seed funding.
- Launch: Over the next three months, you will use your talent to launch a venture that has the possibility of expanding and assisting millions of people.
The deadline for application is Sunday, May 14, 2023.
Click here to apply.
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