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.
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.
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 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
Application Deadline is 23 January 2011
For further information about this scholarship visit below link.
Similar Scholarship Opportunities:
- Joint Japan/World Bank Graduate Scholarship Program (JJ/WBGSP) 2011
- Graduate Scholarship Program by Japan-World Bank, Japan
- Asian Development Bank-Government of Japan Scholarship Program USA
- Te Asian Development Bank – Japan Scholarship Programme 2010/12, Philippines
- 2011 Canadian Studies Programme Development Grant, India