D-Prize Challenge for Poverty Eradication

d-prize challenge 2023 for poverty eradication ($20,000 funding)

The world has already invented products and services to end poverty. Yet we have found many proven interventions with large delivery gaps. Millions of people still don’t have access to basic poverty-fighting tools.

Can you design a new business or NGO that delivers a proven poverty intervention at scale? Submit your design for a new organization that solves one of our Distribution Challenges below. We will award the most promising teams with up to $20,000 USD to launch their new organization wherever extreme poverty exists.

EVALUATION PROCESS

ROUND 1

Submit your concept note and resume(s).  We generally receive 1700 submissions per competition.

ROUND 2

Top 5% of entrepreneurs are invited to answer short written questions. You will have two weeks to draft and submit.

 FINAL ROUND  

Top entrepreneurs interview via phone and email.  The top 1% will receive up to $20,000 to launch.

LAUNCH

You will spend the next three months using your talent to start a venture that can grow and help millions of people.

Eligibility Criteria

D-Prize is for aspiring entrepreneurs from anywhere in the world, of any age, and any background. The majority of our awardees have not launched nor raised any funding.

We will consider funding existing organizations only if you are distributing an existing intervention and you have a need for high-risk capital that cannot be supported by your current donors or revenue.

Existing organizations applying to D-Prize should have operated for no more than 18 months and raised no more than $30,000 in outside funding.

We apologize, but at this time we are only able to evaluate applications submitted in English. However, your English does not need to be perfect to apply, and grammar and vocabulary errors will not be penalized. We only want to understand your idea.

Related Post: Legit Monthly opportunities to apply for

Application

Registration closes 6th November 2022

For more details visit D-Prize Challenge webpage

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