Does your entrepreneurial venture improve low-income areas’ access to healthcare? If so, applications are being accepted by the Swiss Re Foundation Entrepreneurs for Resilience Award 2024.
The Swiss Re Foundation Entrepreneurs for Resilience Award 2024 especially encourages proposals from social entrepreneurs who want to enhance low-income individuals’ access to high-quality primary healthcare in low-income communities (LMICs) by providing a hybrid delivery model that blends a physical point of service with helpful digital tools.
Selected social entrepreneurs working on a hybrid delivery model will be supported by the award, In order to increase low-income people’s access to high-quality primary healthcare in low- and middle-income countries.
Rewards and Benefits of the Entrepreneurs for Resilience Award
- A grant prize totaling USD 700,000 will be awarded to the three finalists.
- This sum is distributed in stages over two years to the two runners-up and the winning project, which might receive up to USD 350000.
- One of the biggest venues for impact entrepreneurs worldwide, Sankalp Forum, will organize an event where the contestant who wins the People’s Choice Award, which is decided by an online public vote, will have the opportunity to meet and greet with possible investors.
There will be tailored non-financial support for all three finalists. These include:
- Technical guidance from staff members of Swiss Re and DCCC participating companies (such AXA, PharmAccess, and Philips.)
- LeFil Consulting representatives and others may provide training, advice, data collection, and/or analysis to enhance business operations and strategy.
- Possibility of receiving further funds from the UBS Optimus Foundation
- Access to a network of peers who share similar interests and with whom one can exchange knowledge or experiences as well as learn about subjects related to the endeavor
Requirements
The Swiss Re Foundation welcomes social enterprises that fall within the outlined scope and that meet the below criteria:
- Mission and purpose: Applicants should be able to show significant societal benefit and, ideally, quantify it with accuracy (e.g., better health indicators, lower out-of-pocket expenses).
- Target group: The customer base of applicants must include at least 30% of low-income individuals. Candidates ought to be well knowledgeable about the unique situations that both men and women they serve face. Businesses that are gender-inclusive, that is, that work to lessen gender inequality, will be given priority.
- Geographically: Applicants must conduct business in nations that the World Bank classifies as lower-middle-income or low-income.
- Model of operation: Candidates must operate on a market basis. The business may depend on grant funding, however, it must demonstrate an ability to grow and scale through earned revenue.
- The business ventures should be established latest in 2021, and serves a minimum of 20,000 people. It just also have the potential to reach a minimum hundred (100,000) people in the next 2 years.
- A strong management team is required with responsibilities well-defined. The venture must also have a well-structured workforce. Special preference will be given to ventures with a minimum of one female founder, or at least 30% women in the management team.
Apply Now!
- The application period for the Entrepreneurs for Resilience Award 2024, runs from December 12, 2023 through January 23 2024.
- Consideration will be given only to applications submitted in English before the specified Deadline
- To apply, qualified candidates can access the application form via this link https://application.swissrefoundation.org/en/
- For more details, visit Swiss Re Foundation website at https://www.swissrefoundation.org/e4ra24.html
Application Deadline
January 23, 2024.
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