World Bank is calling all young social entrepreneurs to submit an innovative idea that contributes to building human capital, the greatest asset of economies globally.
Application Deadline: 5th October 2018
Eligible Countries: International
To be taken at (country): Washington, DC, USA
About the Award: In today’s era of technological change and the need for adaptability, human capital, in some measures, explains up to two-thirds of income differences across the world. Investments in human capital, specifically education, skills, and health, are not only key drivers of productivity and economic growth, butalso contribute to individuals’ self-empowerment. The advancement of human capital depends on two main drivers: i) the quality of investment in the early years – covering childhood education, health and nutrition; and ii) maximizing the accumulation of skills, knowledge, and well-being throughout people’ life cycle. The successful combination of these two elements is key to achieving the World Bank’s twin goals of reducing poverty and boosting shared prosperity as well as the United Nation’s Sustainable Development Goals.
Do you have an idea that has the capacity to improve human capital and thereby positively impact your community, your country, and/or society at large? If the answer is yes, then the Youth Summit 2018 Competition gives you the opportunity to share your idea, connect with peers and high-level experts, and explore how to bring your idea to the next level.
Contest Title: How would you spur innovations that contribute to shrinking the ‘human capital gap’ and foster the skills and well-being of individuals? This is your opportunity to submit an original idea aimed at increasing human skills, knowledge, or well-being related to at least one of the subthemes listed in either or both pillars below.
Participants should propose an innovative and action-oriented idea on how to boost the foundations of human capital for children and/or enhance the skills, knowledge, and health of adults. The proposed solution (i) can be aimed at business or policy (e.g., product, service, program, policy, course, initiative, etc.), (ii) should solve a specific problem or challenge, and (iii) address at least one of the human capital subthemes in the two pillars below.
Pillar I: Building the foundations of human capital subthemes:
a. Infant care and/or maternal health
b. Childhood and/or early youth education
c. Childhood health and/or nutrition
Pillar II: Maximizing individual potential subthemes:
a. Life-long learning & training
b. Adult & elderly health
- The Competition is open to individuals or teams of 1-4 people, aged 18 to 35 inclusive as of 11:59 pm EST on 5 October 2018.
- Teams and individuals are limited to one submission each.
- The Competition is open to nationals of ALL countries of the world.
- Active (at the time of the submission up until the closing of the Youth Summit 2018) staff of the World Bank Group, including Consultants and Interns, are not eligible to participate in the Competition.
Number of Awards: 2
Value of Award: Winners will receive in-kind prizes. Details will be announced at a later stage.
In addition to the prizes, the YSOC will make all efforts to feature and promote Finalists’ and Winners’ ideas on the Youth Summit event page and social media platforms, and to provide exposure to Winners at high profile events, including, for example, webinars, workshops, and other events of the World Bank’s development partners globally
Duration of Programme: December 3-4, 2018
How to Apply: 4. Submit your proposal by 11:59 pm EST, 5 October 2018 through the online Competition Submission Form. You will be asked to provide some information about yourself and other team members – if applicable – including a short 200-word bio for each of you, and to upload your proposal.