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

Grant / Award in Other , in Sustainable Development
  • Apply Before : November 26, 2023

Opportunity Details

  • Opportunity ID 6303
  • Degree Non Degree Program/Certificate
  • Language Requirement Not Required
  • Fields of study Development
  • Opportunity Type : Partially Funded
  • Gender MaleFemale
  • Language of Instruction English
  • Application Fee Required No
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Opportunity Description

Can you create a new business or NGO that delivers a proven poverty intervention on a large scale? If yes, apply for the D-Prize Challenges for Entrepreneurs.

Submit a concept for a new organization that addresses one of the below Distribution Challenges. D-Prize will award up to USD 20,000 to the most promising teams to help launch their new organization wherever extreme poverty exists.

Important Details

Application Deadlines:

  • Early Submission Deadline: 16 October 2023 at midnight PT (pacific time)
  • Regular Submission Deadline: 5 November 2023 at midnight PT (pacific time)
  • Extended Deadline: 26 November 2023 at midnight PT (pacific time)

Prize Value: Up to 20,000 USD

Gender: Male/Female

Host Organization: D-Prize

Distribution Challenges Categories:

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

Eligibility Criteria for D-Prize Challenges

All contestants should meet the following requirements for the D-Prize Challenges for Entrepreneurs:

  • Aspiring entrepreneurs from worldwide, of any age, and from any background can apply for this Prize. The majority of awardees have neither launched nor raised any funds.
  • D-Prize funding is only for existing organizations.
  • The Prize cannot support any applicant distributing an existing intervention and has a high-risk capital requirement that current donors or revenue cannot meet.
  • Existing organizations must have an operation for no more than 18 months and have raised a maximum of $30,000 in outside funding.
  • All submissions and proposals should be only in English at this time. However, applicants do not need to be fluent in English to apply.

Required Documents for Proposal

The proposal should have three parts as follows:

  • Concept Note:Prepare a limited two pages concept note responding to the following prompts:
  1. How does the applicant’s new organization or venture idea improve the distribution of their selected intervention?
  2. What is the expected impact of their work?
  3. Who are their team members?
  • CV/ Resumes: Include a resume for each team member, limited to one page for each member. The resume must highlight the most relevant past leadership roles and accomplishments.
  • Additional Information:if submitting a proposal to a Custom Challenge category.

Evaluation Procedure

The evaluation procedure of the D-Prize Challenges has four rounds as follows:

Round 1:

Send a concept note and resume (s) to the D-Prize team. Please note that each competition receives more than 2000 submissions. With the abovementioned deadlines, First Round proposals will be accepted on a rolling basis. The organizer aims to bring out decisions within four months. Before making a decision, judges may seek additional Information by email.

Round 2:

In round two, the top 5% of entrepreneurs will receive an invitation to respond to brief written questions. Applicants will have two weeks to draft and submit their answers.

Final Round:

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

Launching Round:

At this stage, entrepreneurs will spend the next three months putting their skills to use to launch a business that has the potential to grow and benefit millions of people.

How to Apply for D-Prize Challenges?

To apply for the D-Prize Challenges, applicants should download the Information about the challenge they will solve, read it carefully, prepare the required documents, and apply online.

 

Apply Now

 

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

 

Check More Opportunities: 

 

Application is closed.
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