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World Bank Youth Summit Competition for Young Social Entrepreneurs - Washington, DC 2019

 

World Bank is organising the World Bank Youth Summit Competition for Young Social Entrepreneurs to hold in Washington DC.

The 2019 Youth Summit Competition requests bright young social entrepreneurs to submit their innovative proposals for scalable enterprises that leverage smart technology to build sustainable and inclusive cities that will serve the needs of 1 million people by 2030.

Cities are unprecedented hubs of opportunity, but they also present some of the most complex and pressing challenges of our time. Everyone has a role to play to address these challenges – governments, international organizations, non-profits, local communities, and individuals – but no one is better placed than young people to innovate and overcome the obstacles faced in an era of fast-paced, technology-driven change.

The vision of the summit is that by 2030, two-thirds of the world’s population will live in cities, with the majority of growth in developing countries.

On that note, the 2019 Youth Summit Competition will challenge these young social entrepreneurs to harness smart technology to:

  • Address the rising impacts of climate change and pollution in urban cities; and/or
  • Promote inclusive economic growth.

The competition provides a forum for young people to identify problems in their communities and craft innovative solutions for smarter and more resilient cities. It aims to stimulate entrepreneurial problem solving and create dialogue on innovative ways to unlock obstacles that have traditionally hindered investment in smart cities.

The World Bank Group wants to hear from young changemakers across the globe on how they can leverage the growth of cities for more sustainable and inclusive communities.

Entrepreneurs who have what it takes to make this vision a reality, can apply.


World Bank Entrepreneur

Application DeadlineOctober 1, 2019
Funding TypeFully Funded
Country to studyUnited States
TypeEntrepreneurs
SponsorWorld Bank
GenderMen and Women

Benefits of World Bank Entrepreneur

  1. Finalists will join the 2019 Youth Summit at the World Bank headquarters in Washington, DC. Travel expenses will be covered including lodging for up to three nights for one representative from each finalist team.
  2. Finalists will showcase their proposals on the second day of the Summit, pitching their proposal in front of a judging panel, attending delegates, and a live-streamed online audience. One winner will be selected by the judging panel, and another winner will be voted for by the audience.

Requirements for World Bank Entrepreneur

  1. Open to individuals or teams of up to 4 people aged 18 to 35, from all over the world
  2. Prior entrepreneurial experience or business background is not required – all youth with the drive to innovate are encouraged to participate, including professionals, students and academics, NGO leaders, government officials and start-up founders.

Selection Process

Proposals will be assessed on the following judging criteria:

  1. Clarity, scope and relevance of the problem and of the proposed solution;
  2. Innovation and originality;
  3. Feasibility of implementation and sustainability over time;
  4. Potential for impact; and
  5. Compliance with competition criteria.

Application Deadline

October 1, 2019

How to Apply

Interested and qualified? Go to World Bank on wbgyouthsummit.wufoo.com to apply

Follow the following steps to enter the 2019 Youth Summit Competition:

Ensure you meet the Eligibility Requirements:

  1. The Competition is open to individuals or teams of 1-4 people, aged 18 to 35 as of 11:59 pm ET on October 1, 2019.
  2. Teams and individuals are limited to one submission each.
  3. Active World Bank Group staff including consultants and interns are not eligible to participate in the Competition (active staff at the time of the submission up until the closing of the 2019 Youth Summit).

Prepare a proposal outlining your idea, complying with the following submission rules:

  1. Proposals must be created and owned by the participants.
  2. Proposals must be submitted in English.
  3. Proposals shall provide an innovative and action-oriented business or policy idea that leverages technology to build sustainable and inclusive cities.
  4. The problem and the proposed solution outlined by proposals must:Relate to at least one of the subthemes outlined above.Apply to a least one client country of the World Bank Group

Proposals must:

  1. Provide a short 2-5 sentence summary of the idea;
  2. Describe the specific problem/need that the proposed solution seeks to address; and 
  3. Describe the innovation or solution proposed to address this specific problem/need (e.g. a product, service, program, policy, course, initiative, etc.).

Proposals will be assessed on the following judging criteria:

  1. Clarity, scope and relevance of the problem and of the proposed solution; 
  2. Innovation and originality; 
  3. Feasibility of implementation and sustainability over time; 
  4. Potential for impact; and 
  5. Compliance with competition criteria. 

Please refer to the Competition Terms and Conditions for further information about the judging criteria.

Proposals must be between 1,000- 2,500 words in length (including all bodies of text, titles, headings, tables, textboxes, footnotes, endnotes, references, appendices, etc.) and must not exceed 4 pages in total.

The following information must be provided at the top of the first page of proposals:

  1. The names and respective countries of citizenship of the participant(s) – for teams, all team members’ names and respective countries of citizenship shall be listed; 
  2. The final word count (all-inclusive).

Read and ensure you accept the Competition Terms and Conditions.

Submit your proposal by 11:59 pm ET, October 1, 2019 via the online competition submission form. You will be asked to provide information about team members and to upload your proposal.

Any questions? Contact us at [email protected]

For more details, please visit the scholarship website here


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