Application Deadline : June 25th 2021
PUTTING FINANCIAL INCLUSION AT THE CENTRE OF INNOVATION IN THE ARAB WORLD
YOU CAN WIN UP TO $60,000 IN CASH PRIZES, TECHNICAL ASSISTANCE AND MULTI-YEAR SUPPORT
Do you have an idea that can:
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Increase the outreach of financial services
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Reduce the costs of financial services
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Build financial resilience and economic opportunities
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Enhance the financial ecosystem of the Arab world
Then we are ready to support you and take your solution to the next level. Whether you are a start-up or an incumbent financial institution, operating across the financial sector from payments to insurance, savings to education to back-office solutions, apply now to join the network of financially inclusive innovation.
Do you have financial innovation that can:
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Mitigate the risks of climate change
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Increase environmental resilience for the low-income and MSMEs
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Provide sustainable opportunities to the underserved
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Enhance the green finance ecosystem of the Arab world
Eligibility :
Geography
Eligible proposals must be for implementation in the Arab world. Residency in an Arab country is not required, but at least one member of the team must hold an Arab nationality. The proposed innovation must be for implementation in the Arab world, defined as the member countries of the Arab league.
Stage of Development
Innovative proposals at all stages of development are welcome. Applicants must be able to show that their innovation can be successfully applied to the sector. Microfinance and financial inclusion are defined in their broadest sense to encompass a wide range of fields, including but not limited to: credit, savings, insurance, payment services, Islamic finance, fund transfers, responsible investment, collective banking, and business development services of micro-enterprises
Team
We welcome applicants of many types to apply for the prize, including individuals, small businesses, MFIs, NGOs, students, cooperatives, commercial banks, local development banks, leasing firms, insurance companies, and fintech enterprises.
