Overview
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.
Jointly organized by IFC, a member of the World Bank Group and the Development Marketplace Program, this competition aims to identify and support social entrepreneurs that are seeking finance to scale or replicate inclusive and sustainable business models that improve the lives of poor communities in the Indian states of Bihar, Rajasthan and Orissa. The winners will use the grants to invest in all activities/assets necessary to establish the viability of the business model; such as testing, quality assurance, certification, balancing plant and machinery, consulting services, and test marketing services.
The India DM is focused on identifying Inclusive Business Models that can scale impact in the States of Bihar, Rajasthan and Orissa. Inclusive business models are those offering goods/ services and contributing to income generation of the poor in financially sustainable and scalable ways. They productively integrate those living at the base of the economic pyramid into their value chains as consumers, producers and/or distributors. Examples of functional areas where these models play a key role in fostering the development agenda include, but are not restricted to, health, water, sanitation, energy, education, financial services, agriculture, vocational training and livelihood support.
The competition aims to identify and support social entrepreneurs that are seeking finance to scale or replicate inclusive and sustainable business models that improve the lives of poor communities in the Indian states of Bihar, Rajasthan and Orissa. The winners will use the grants to invest in all activities/assets necessary to establish the viability of the business model; such as testing, quality assurance, certification, balancing plant and machinery, consulting services, and test marketing
Eligibility:
•Registered not-for-profit and for-profit organizations implementing an inclusive business model are eligible. Women run organizations are strongly encouraged to apply
•Models should be operational for at least 2 years in Bihar, Rajasthan or Orissa and be able to demonstrate a track record of successful project implementation
•Models operational for 2 years in any other State – and proposing to replicate or scale it in Bihar, Rajasthan or Orissa are also invited to apply. These organizations must also demonstrate a track record of successful project implementation
•Individuals are not eligible to apply for this competition
•Projects with the primary output of research or knowledge, such as publications or conference, formal education or scholarships are not eligible for this competition
Assessment and short listing
All submissions will undergo a thorough assessment by experts from the IFC and the World Bank Group, the social and mainstream investors and the greater development community. This assessment will be completed by February 2011. From this process, 30 proposals will be shortlisted. Details on the Assessment Criteria are available in the FAQs section.
Shortlisted organizations will be notified of their selection via email in March 2011. A final list of shortlisted organizations will also be available on the DM website at the same time.
Key Dates:
•The competition will be launched on Friday, December 10, 2010
•The deadline for submitting applications is 23:30 PM (IST) on Sunday, January 23, 2011
•The 30 finalists will be informed of their selection by Monday, March 7, 2011
•The winners will be selected at the Development Marketplace event in Jaipur, Rajasthan, on April 7-8, 2011
Implementation period
The winners will use the grants to invest in all activities/assets necessary to establish the viability of the business model; such as testing, quality assurance, certification, balancing plant and machinery, consulting services, and test marketing services. Over a period of 24 months, the grant funds will allow them to further develop their business plan and build a sustainable financial model through product and service development, expansion strategies, operational improvements and putting in place the human and technical resources required to manage the social enterprise.
The objective of the grant is to enable selected social enterprises to refine and build their models, to prove their long-term viability, and if necessary, be in a position to present solid funding proposals to potential investors at the end of the 24-month period.
Click scholarization for more details
Apply here
Please contact us at dm-india-support@ifc.org for any questions on 2011 India Development Marketplace.
http://www.dm-india.com/
Please kindly mention Scholarization.blogspot.com when applying for this opportunity
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.
Jointly organized by IFC, a member of the World Bank Group and the Development Marketplace Program, this competition aims to identify and support social entrepreneurs that are seeking finance to scale or replicate inclusive and sustainable business models that improve the lives of poor communities in the Indian states of Bihar, Rajasthan and Orissa. The winners will use the grants to invest in all activities/assets necessary to establish the viability of the business model; such as testing, quality assurance, certification, balancing plant and machinery, consulting services, and test marketing services.
The India DM is focused on identifying Inclusive Business Models that can scale impact in the States of Bihar, Rajasthan and Orissa. Inclusive business models are those offering goods/ services and contributing to income generation of the poor in financially sustainable and scalable ways. They productively integrate those living at the base of the economic pyramid into their value chains as consumers, producers and/or distributors. Examples of functional areas where these models play a key role in fostering the development agenda include, but are not restricted to, health, water, sanitation, energy, education, financial services, agriculture, vocational training and livelihood support.
The competition aims to identify and support social entrepreneurs that are seeking finance to scale or replicate inclusive and sustainable business models that improve the lives of poor communities in the Indian states of Bihar, Rajasthan and Orissa. The winners will use the grants to invest in all activities/assets necessary to establish the viability of the business model; such as testing, quality assurance, certification, balancing plant and machinery, consulting services, and test marketing
Eligibility:
•Registered not-for-profit and for-profit organizations implementing an inclusive business model are eligible. Women run organizations are strongly encouraged to apply
•Models should be operational for at least 2 years in Bihar, Rajasthan or Orissa and be able to demonstrate a track record of successful project implementation
•Models operational for 2 years in any other State – and proposing to replicate or scale it in Bihar, Rajasthan or Orissa are also invited to apply. These organizations must also demonstrate a track record of successful project implementation
•Individuals are not eligible to apply for this competition
•Projects with the primary output of research or knowledge, such as publications or conference, formal education or scholarships are not eligible for this competition
Assessment and short listing
All submissions will undergo a thorough assessment by experts from the IFC and the World Bank Group, the social and mainstream investors and the greater development community. This assessment will be completed by February 2011. From this process, 30 proposals will be shortlisted. Details on the Assessment Criteria are available in the FAQs section.
Shortlisted organizations will be notified of their selection via email in March 2011. A final list of shortlisted organizations will also be available on the DM website at the same time.
Key Dates:
•The competition will be launched on Friday, December 10, 2010
•The deadline for submitting applications is 23:30 PM (IST) on Sunday, January 23, 2011
•The 30 finalists will be informed of their selection by Monday, March 7, 2011
•The winners will be selected at the Development Marketplace event in Jaipur, Rajasthan, on April 7-8, 2011
Implementation period
The winners will use the grants to invest in all activities/assets necessary to establish the viability of the business model; such as testing, quality assurance, certification, balancing plant and machinery, consulting services, and test marketing services. Over a period of 24 months, the grant funds will allow them to further develop their business plan and build a sustainable financial model through product and service development, expansion strategies, operational improvements and putting in place the human and technical resources required to manage the social enterprise.
The objective of the grant is to enable selected social enterprises to refine and build their models, to prove their long-term viability, and if necessary, be in a position to present solid funding proposals to potential investors at the end of the 24-month period.
Click scholarization for more details
Apply here
Please contact us at dm-india-support@ifc.org for any questions on 2011 India Development Marketplace.
http://www.dm-india.com/
Please kindly mention Scholarization.blogspot.com when applying for this opportunity
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