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The World Bank - Development Marketplace Award

 

The World Bank's competitive grant program, "Development Marketplace" (DM) provides funding to 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 India DM will award 13 winners, selected by a jury of experts. Each winning project will receive USD 50,000 in two instalments over 24 months. IFC Advisory Services will monitor the grant implementation over the 24-month period. NGOs may be considered for second stage financing as well.

 

·        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

 

- Apply online on -
www.dm-india.com/index.aspx

The NGO Funding Consultant

SUDESH KUMAR FOUNDATION

Email: ngo.consultant@sudeshkumar.net

  http://ngo.sudeshkumar.org