D-Prize is a non-profit organization that is on a mission to provide the world’s best poverty solutions to those in need; they believe that the world has solutions to poverty and that solution is as simple as distribution. They are therefore issuing out a call to the world’s boldest aspiring entrepreneurs , irrespective of age, country of citizenship or background, to design and submit their ideas for effectively solving the distribution challenges in the areas of Girls’ education, Energy, Education, Governance and infrastructure, Global health and Custom.
The Summer 2015 global D-prize competitions has on its list of program partners – Forbes, Foster School of business, TEDx, Stanford Social Innovation, the Washington State University amongst many others are expected to provide financial oversight functions to the top 15 emerging social entrepreneurs.
The competition is open to any business model (for profit, non-profit, and everything in between) and will see winners being awarded up to $20,000 in the form of a convertible grant. Mentorship may also be provided from already-proven social entrepreneurs, and can assistance given to ventures to help attract future funding if the pilot proves successful.
Competition Timeline
First Round
First Round applications will be accepted on a rolling basis, using the following deadlines. We strive to send decisions out within three weeks.
Early decision deadline: August 26, 2015 at midnight PST (Pacific Time). Early decision applications are more likely to advance to the next round, and will have additional time on for the full proposal.
Regular deadline: September 7, 2015 at midnight PST.
Extension deadline: September 21, 2015 at midnight PST. Extensions are limited to the first 100 people who register at: http://www.d-prize.org/extension
Second Round
Those invited to participate in the Second Round will be asked to draft and submit a full plan of their social venture, roughly 10 pages in length plus any desired appendices. The plan will include a more detailed description of your proposed operations, a budget, and other items. Participants will receive a Second Round Application Packet with full instructions.
Those invited to the Second Round will have four weeks to submit a plan. Early applications are more likely to be funded. We strive to send decisions, follow-up questions, or invitations to the final round within three weeks.
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 $10,000.
D-Prize may offer mentorship. We will also provide you access to the D-Prize network of past winners, and will do our best to support you in other ways.
For further information visit http://www.d-prize.org/
