D-Prize Challenges for Entrepreneurs ($20,000)

Grant / Award in Education and Languages
  • Apply Before : November 27, 2022
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Opportunity Details

  • Degree Non Degree Program/Certificate
  • Language Requirement Not Required
  • Opportunity Type : Fully Funded
  • Gender MaleFemale
  • Opportunity ID 6303
  • Application Fee Required No
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Opportunity Description

Can you create a new company or NGO that delivers a proven poverty intervention on a large scale? Applications are open D-Prize Challenges for Entrepreneurs. Submit your concept for a new organization that addresses one of the below Distribution Challenges. D-Prize will award up to $20,000 USD to the most promising teams to help them launch their new organization wherever extreme poverty exists.

Prize Value:

  • Up to 20,000 USD

Distribution Challenges Categories:

  • Health
  • Water
  • Education
  • Agriculture
  • Livelihoods
  • Energy
  • Public Services
  • Custom

Important dates:

Deadline:

  • (early):  October 16, 2022
  • (regular):  November 6, 2022
  • (extension):  November 27, 2022

Who should apply?

  • D-Prize is open to aspiring entrepreneurs from all over the world, of any age, and from any background. The vast majority of awardees have neither launched nor raised any funds.
  • D-Prize will consider funding existing organizations only if you are distributing an existing 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 raised no more than $30,000 in outside funding.
  • They only evaluate applications submitted in English at this time. However, you do not need to be fluent in English to apply, and grammar and vocabulary errors will not be penalized. They simply want to understand your concept.

Application procedure

Applicants should download the information about the challenge they are going to solve (from the d prize website linked below), read it carefully, prepare the required documents, and apply online.

Required documents:

  • Proposal
  • Concept idea
  • CV

Apply Now

Evaluation Procedure:

Round 1

  • Send them your concept note and resume (s). Each competition receives approximately 1700 submissions.

Round 2

  • The top 5% of entrepreneurs are invited to respond to brief written questions. You will have two weeks to draft and submit your proposal.

Final Round

  • Top entrepreneurs conduct phone and email interviews. The top 1% will receive up to $20,000 in seed funding.

Launch

  • You will spend the next three months putting your skills to use to launch a business that has the potential to grow and benefit millions of people.

To learn more about D-Prize for Entrepreneurs, please refer to D-Prize’s website.

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