Despite the innovations developed to end poverty, the changes are still minimal, hence, D-Prize Challenge.
D-Prize Challenge has been organised to support social entrepreneurs who can design new businesses or NGOs to largely solve poverty issues in various sectors.
The selected areas are health access, clean water, education, agriculture, livelihoods, energy, public services and custom.
The most promising teams will be awarded $20,000 to launch in a location where extreme poverty exists
Existing companies piloting a new distribution-focused initiative, with high-risk capital needs that cannot be supported by current donors or revenue, will be funded by the organisation
Aspiring entrepreneurs from anywhere in the world, of any age, and any background can participate in the D-Prize Challenge
Participants may or may not have launched or raised any funding
Existing organisations applying to D-Prize Challenge should have operated for no more than 18 months and raised no more than $30,000 in outside funding
Applications must be submitted in English. However, your English does not need to be perfect to apply, and grammar and vocabulary errors will not be penalised. Understanding the idea is the target
Since 2013, D-Prize has used seed support to help activate over 200 social ventures and has reached over 5,000,000 people. Every six months more than 1700 teams apply to its global competition, and about 1-1.5% are selected for startup support.
13% of Ventures supported by D-Prize have grown to serve at least 100,000 people within their first five years, or are on track to reach this milestone.
The ultimate goal is to help new teams who have been denied the needed support to scale their products.
Talented individuals from across the globe, and target leaders operating in their home geography are given the opportunity to bring their ideas to life.
How to apply
Don’t stay silent when you have an innovative idea that can eliminate poverty across the globe. Apply for the D-Prize Challenge before the deadline on Sunday, November 7, 2021.