D-Prize Competition 2018 for Entrepreneurs Worldwide — Up to $20,000 for Grab

D-Prize Competition is now accepting applications from Entrepreneurs Worldwide to participate in the 2018 challenge. Each winner will get up to $20,000 to launch a pilot in any region where extreme poverty exists. 

D-Prize Competition

D-Prize expands access to poverty-alleviation interventions in the developing world. Many solutions to poverty already exist. The challenge is distributing these solutions to the people who need it most.D-Prize programs produce new “distribution entrepreneurs” – social entrepreneurs who start new ventures that distribute proven life-enhancing technologies to millions of people living in extreme poverty.

Who Should Apply for D-Prize Competition.

You should have enormous ambition, and can imagine yourself as a successful entrepreneur. You are ready to launch your new venture, and – if a pilot proves successful – you are excited to grow it into a world changing organization.

If you are still a student or have existing commitments, you should have a clear idea how to transition into a full-time founder.

D-Prize is exclusively interested in ventures that will scale distribution of an already proven poverty intervention in the developing world. We do not fund prototypes of promising new interventions.

D-Prize Competition Challenges.

The world has already invented ways to end poverty, yet the best interventions are not being distributed at mass-scale. Can you design a business or NGO that solves one of the Distribution Challenges below?

  • + ENERGY
  • + CUSTOM

D-Prize Competition Eligibility.

  • D-Prize challenges are open to anyone or any teams. The sole restriction is that individuals and their immediate family on the judging panel may not participate as a contestant.
  • D-Prize is also open to any business model (for profit, non-profit, and everything in between). 

D-Prize Competition Benefits.

  • All winners will be awarded up to $20,000. The award is offered in the form of a convertible grant.
  • Up to 25 of the most promising proposals will be selected for funding awards, regardless of which challenge track was selected.

D-Prize Competition Judging Criteria.

The D-Prize judging panel is composed of individuals with professional experience distributing life-changing technologies in the developing world.

Contestants are evaluated based on:

  • Passion and potential for candidate’s success, as evident by their academic and professional background, relevant skills, and quick leadership trajectory.
  • Focus on distribution. Proposals must focus on distributing a proven poverty solution that needs greater access in the developing world.
  • Potential for scale, based on the organizational model proposed in the concept note and the entrepreneur’s desire to commit and grow.

D-Prize Competition Timeline.

  • ROUND 1: Submit your concept note and resume(s).
    • April 2 – Early deadline
    • April 23 – Regular deadline
    • May 14 – Extension deadline (sign up required)
  • ROUND 2: Top 5% of entrepreneurs are invited to submit a full 10 page proposal. You will have  four weeks to submit.
    • Top entrepreneurs interview.  Winners will receive up to $20,000 to launch. Final decisions expected by December.
    • Spend the next three months using your talent to start a venture and  help millions of people.

How to Apply for D-Prize Competition.

Application Requirements:

  • Proposals must be submitted following the instructions in this packet.
  • Extra material outside of the proposal will not be considered.
  • Revisions to proposals after submission will also not be considered.
  • Only one proposal per person or partnership will be considered.
  • Proposals must be written in English.

Proposal Instructions:

  • Prepare your concept note and resume, and clearly name your files. Files must be PDF and are limited to a size of 4MB each.
  • Input your contact details and upload your documents to d-prize.org/submit

Official Link Download Application Packet

If you have questions, send an email to the D-Prize team at [email protected].

Good luck!

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