The D-Prize is seeking businesspeople who can create a brand-new nonprofit or social enterprise that offers an existing poverty solution to thousands, perhaps even millions, of people. We have included more than a dozen goods and services that are thought to reduce poverty. Entrepreneurs are now tasked with coming up with strategies for distributing to those in need.
They want to give up to $20000 in seed money to 30+ teams this year so that they can each start a pilot and test their new enterprise ideas.
Benefits
- The most promising teams will get up to $20,000 USD from D-Prize to start their new organizations wherever there is extreme poverty.
Requirements
- D-Prize is open to ambitious business owners from all over the world, regardless of their age or background. The bulk of their recipients have neither begun operations nor secured any finance.
- Only if you are dispersing an existing intervention and have a need for high-risk capital that cannot be funded by your current donors or earnings would they consider sponsoring existing organizations.
They believe the following characteristics define the ideal applicant: - Want to increase the availability of an established, successful poverty intervention. They are accessible to a wide range of industries and fields, such as agriculture, energy, clean water access, livelihoods, and public services (see our challenges for more information).
new or only beginning their employment. Usually, they provide funding for new organization launches. - Rarely do they assist people who have raised more than $30,000 or are older than 2 years.
want to work on this project full-time. - They can only currently examine submissions that are submitted in English. Grammar and vocabulary mistakes are not graded, and they will not be penalized
Timeline
Select a challenge above and be prepared for the following deadlines:
- The Global Competition launches on 4 September 2023.
- Early Submission Deadline: 16 October 2023 at midnight PT (pacific time)
- Regular Submission Deadline: 5 November 2023 at midnight PT (pacific time)
- Extension Deadline: 26 November 2023 at midnight PT (pacific time)
Method of Application
- View the most recent D-Prize challenges before downloading an application
- The early submission deadline is October 15 and the normal submission deadline is November 5.
For More Information,
Visit the Official Webpage
Application Deadline: October 15, 2023
