Social entrepreneurs fill key gaps in
providing basic services and living goods to the poor. Without early
stage capital and technical assistance, social enterprises would have
few means to test and refine their business models.
Scholarship Details:
The Development Marketplace (DM) is a
competitive grant program that identifies and funds innovative social
enterprises working on projects with high potential for development
impact.
Fund Details:
Administered by the World Bank and funded by various partners, the primary objective of the DM is to identify and support cutting-edge solutions to the most pressing social and economic problems. DM projects offer solutions that deliver results and have the potential to be replicated and/or scaled-up in a financially sustainable manner.
Administered by the World Bank and funded by various partners, the primary objective of the DM is to identify and support cutting-edge solutions to the most pressing social and economic problems. DM projects offer solutions that deliver results and have the potential to be replicated and/or scaled-up in a financially sustainable manner.
World Bank Institute:
The DM is housed in the World Bank Institute and has, since its inception in 1998, awarded more than USD 60 million in grants to more than 800 innovative projects identified through country, regional and global competitions. Past winners of the DM in India include Dhrishtee, Vision Spring and Akash Ganga.
The DM is housed in the World Bank Institute and has, since its inception in 1998, awarded more than USD 60 million in grants to more than 800 innovative projects identified through country, regional and global competitions. Past winners of the DM in India include Dhrishtee, Vision Spring and Akash Ganga.
Criteria Details:
The proposals will be evaluated according to the following broad criteria:
* Social Impact – providing low income communities with greater access to goods/services, and/or income generation opportunities.
* Sustainability – enterprises need to have been operational for at least two years and demonstrate they are on a pathway to organizational and financial self- sufficiency.
* Growth Potential – proposals should exhibit potential for being replicable/ scalable and be of potential interest to social investors and/or mainstream venture investors and financial institutions.
* Innovation – the extent to which the organization and project have innovative and inclusive approaches to lowering costs and enhancing affordability
* Social Impact – providing low income communities with greater access to goods/services, and/or income generation opportunities.
* Sustainability – enterprises need to have been operational for at least two years and demonstrate they are on a pathway to organizational and financial self- sufficiency.
* Growth Potential – proposals should exhibit potential for being replicable/ scalable and be of potential interest to social investors and/or mainstream venture investors and financial institutions.
* Innovation – the extent to which the organization and project have innovative and inclusive approaches to lowering costs and enhancing affordability
Application Deadline:
Application Deadline is 23 January 2011
Application Deadline is 23 January 2011
Further Details:
For further information about this scholarship visit below link.
http://dm-india.com/
For further information about this scholarship visit below link.
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