Open Innovation Challenge: Implementing a Sustainable ‘African Youth (especially women) Entrepreneurship Online Portal’

UNDP will disburse up to US$160,000.00 (One Hundred Sixty Thousand US Dollars) over the next 2 years directly to the Innovator to seed their operational and financial sustainability plan for the implementation of YAS!. Beyond that, the innovator will be expected to generate and mobilize resources to keep YAS! sustainable, hence the need for a 5-year operational and sustainability plan.

In addition, through YAS!, the host will be required to run and manage a minimum of US$200,000.00 (Two Hundred Thousand US Dollars) worth of Ecosystem and African Youth Entrepreneurship challenges for UNDP. This US$200,000.00 is over and above the US$160,000.00 UNDP seed funding, or any other resources that the host will generate and mobilize for challenges on YAS!. These funds will be disbursed by UNDP directly to the winning enterprises and ecosystem support initiatives, under the auspices of the systems and procedures for awardee eligibility & selection criteria to be developed by UNDP and the innovator/YAS! host (see the ToRs: Considerations for Preparing the Sustainability Plans).

More info: http://www.undp.org/content/undp/en/home/ourwork/funding/partners/private_sector/AFIM/youth-portal-open-innovation-challenge.html

Submit your operational and financial sustainability plan no later than 31 May 2017