All over the world, small businesses are the building blocks of local communities – they offer entrepreneurial and leadership opportunities to community members, infuse the local economy, and serve the needs of their clients in a way only local businesses can. With their deep connection to the people they serve, small businesses are perfectly positioned to address and respond to community needs (or challenges). To support the incredible work that small businesses are doing in communities all over the world, we’re launching the Challenge “Power of Local: Supporting Ecosystems for Small Businesses to Thrive.” Through it, we’re looking for small business ecosystem builders: organizations, programs, or initiatives that provide small businesses with diverse and equitable opportunities like resources, tools, networking, etc. Learn more and apply for The Power of Local Challenge below!
Weaving collaborative networks for local small businesses:
You mobilize collaborative networks that connect small businesses with local partners and stakeholders. This approach activates shared resources and opportunities, driving collective growth and strengthening the community.
Building access to structures of support and capacity building:
You establish structures of support that enable small businesses to build essential skills and capabilities. By offering capacity-building initiatives such as training and mentorship, your solution equips businesses to overcome barriers and achieve sustainable growth.
Providing support to financial barriers:
You catalyze access to financial resources by addressing the barriers that hinder small business growth. Your solution amplifies resilience by creating pathways to capital and financial literacy, enabling the businesses to stabilize and expand.
Awards:-
A total of 11 winners will be awarded a cash prize of up to $60,000 as follows:
- We will award a minimum of 2 winners in each geographical region: Latin America, East Africa, West Africa, Southern Africa, East Asia.
- Ten Winners will receive $15,000 each.
- One Grand Prize Winner will be selected and will receive $60,000
Deadline:- 26-02-2025