D-Prize Challenge 2020: Prize for Social Entrepreneurs

The world has already invented products and services to end poverty. Yet millions of people still don’t have access. Can you design a business or NGO that solves one of the Distribution Challenges below?

D-Prize will award the most promising teams with up to $20,000 USD to launch a pilot version of your new organization wherever extreme poverty exists.

ELIGIBILITY

  • D-Prize is for aspiring entrepreneurs from anywhere in the world, of any age, and any background.
  • D-Prize will consider funding existing organizations only if: you are piloting a new distribution-focused initiative, and you need high risk capital.

Round 2

  • Top entrepreneurs invited to participate in Round 2 will be asked to draft and submit a full plan of their venture, roughly 10 pages in length plus any desired appendices. The plan will include more details on operations, a budget, milestones, and other items. Participants will receive a Round 2 Proposal Packet with full instructions.
  • Those invited to the Second Round will have about four weeks to submit a plan.

Final Round

  • Entrepreneurs invited to the Final Round will interview with judges over email and on the phone. Depending on the promise and cost-effectiveness of a proposal, judges may award up to $20,000 in funding.
  • The average D-Prize award size is $12,000.

Piloting Winning Ventures

  • Besides direct funding, D-Prize can assist in helping your venture attract future funding if the pilot proves successful.
  • D-Prize will also provide you access to the D-Prize network of past winners, and will do our best to support you in other ways.

Application Procedure:

Proposal Instructions
● Prepare your concept note and resume(s), and clearly name your files. Concept notes and resumes can be separate documents. Files must be PDF and are limited to a size of 4MB each.
● Input your contact details and upload your documents to www.d-prize.org/submit

COMPETITION TIMELINE

  • The Global Competition launched on April 20th, 2020.
  • Early Submission Deadline: June 1st, 2020 at midnight PT (pacific time)
  • Regular Submission Deadline: June 22nd, 2020 at midnight PT (pacific time)
  • Extension Deadline: July 13, 2020 at midnight PT (pacific time)

For more information:
Click here

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