The correct link to access the official site for this contest is http://www.netimpact.org/pfg

Win $5,000 by designing a for-profit business along the lines described in The Business Solution to Poverty — a multinational company that will in the space of one decade gain at least 100,000,000 $2-a-day customers, generate annual revenue of $10 billion or more, and earn big enough profits to attract mainstream capital investors. 

In collaboration with Net Impact, the 40,000-member global organization of business students and young professionals dedicated to creating creating positive social and environmental change, Paul Polak and Mal Warwick announce The Business Solution to Poverty $5,000 ChallengeThe rules are simple:

1. The contest is open to all, regardless of age, nationality, educational status, or any other distinguishing characteristic. Please disregard the wording on the official site to the effect that you must be a student to enter. That is untrue. Net Impact has pledged to correct that. 

2. Each entry must describe in no more than 700 words how to apply the principles of zero-based design (as explained in The Business Solution to Poverty: Designing Products and Services for Three Billion New Customers by Paul Polak and Mal Warwick) to build a mission-driven business that will help transform the lives of at least 100 million people now living on $2 a day or less, generate annual revenues of $10 billion or more, and earn generous enough profits to attract mainstream capital investments.

3. Your entry must be posted online at http://www.netimpact.org/pfg no later than February 7, 2014. Each submission must explain what product or service the business will offer, where and how the pilot effort will be conducted, how the offer will be marketed, and how the product or service will be delivered to poor people. Applicants must take into account the needs of rural as well as urban poor.

4. Paul and Mal will judge all entries, and their decision is final. The winner will be announced no later than March 7, 2014, at which time the $5,000 prize will be awarded. 

5. In addition to the cash prize, the winner and two runners-up will each be eligible for up to three hours of guidance from Paul and Mal to facilitate the development of their ideas into practical business enterprises. 

6. At least one month prior to the February 7, 2014, deadline, Paul and Mal will hold a Google Chat open to all applicants who have questions about the challenge.

7. It is suggested though not required that all applicants read The Business Solution to Poverty to gain a deeper understanding of zero-based design.


One Response to “The Business Solution to Poverty $5,000 Challenge (Corrected)”

  1. Jamzen

    Every #Jamaica HS should have a
    GarveyEnergyProject: An off-the-shelf bicycle generator puts out 400W.
    Modify The Setup. Add a large Concrete Flywheel.
    Add 1-5 bicycle units.
    Take 5 Sudents.
    Add Hybrid Component: Steam Engine/Turbine.
    Add a Fresnel Solar Component.


    Every #Jamaica HS should have a
    GarveyEnergyProject(on facebook): How2Solve:
    1) $ENERGY$,
    2) Build SelfReliant Youth&Communities
    3) Prepare4 TheFuture Generation 4 ‘Free’ Energies
    Overstanding Jamaica & Electricity Sept 2013
    The current situation in Jamaica is being exacerbated into a rush to obtain the CHEAPEST $ Cost for Kilowatt, ignoring important technological and national security and development issues.
    1) Consciousness of Electricity Production
    – Electricity is Magnetism ‘Pulled’ out of the air
    (think of a small bicycle wheel generator)
    – Jamaica uses Oil with standard combustion Delco generators
    – Most countries use Coal with steam Turbines
    – newer methods use hybrid solutions, e.g.,
    coal/fresnel-solar/hydrogen with turbines
    2) The GRID: distribution of electricity from a central point is a formula guaranteed for national disaster due to several factors:
    – Solar Flares/EMP-electromagetic pulse/Hurricanes and Weather which can interrupt high voltage transmission lines, causing outages to diverse parishes not directly affected
    – high cost (inefficiency) of distributing electricity across the wires/ step-up and step-dow transformers
    – national security issues for global/weather disturbance to shipping imports of oil/coal imports due to WW3…
    – national security for development of Jamaicans


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