Deadline- June 15, 2012
Countries/Region – Burkina Faso, Guatemala, Honduras, Mali, Moldova or Nicaragua—although additional countries in the region can be incorporated..
The Argidius Foundation and the Aspen Network of Development Entrepreneurs announce finance challenge to stimulate small businesses in emerging markets Competition aimed at providing entrepreneurial finance will award up to two million euros.
Around the world, small businesses form the backbone of a healthy economy, generating employment, wealth and ultimately, global prosperity. To that end, the Argidius Foundation—a charitable foundation promoting businesses as a way to mitigate poverty and the Aspen Network of Development entrepreneurs (ANDE) announce an opportunity for organizations to help unlock financing for small and growing businesses (SGBs) in emerging markets.
The Argidius-ANDE Finance Challenge seeks innovative financial solutions for firms requiring 15,000-200,000 euros (20,000-250,000 USD) in start-up capital. We hope this challenge encourages organizations to think creatively and collaboratively about what can be done, and we’re convinced ANDE is the right partner to make this happen,” explained Leslie Johnston, Argidius Foundation executive director. “We’re thrilled to be partnering with the Argidius Foundation,” added Randall Kempner,
executive director of ANDE, “and believe this new prize program will inspire innovative
organizations to expand their commitment to confronting challenges facing small
business entrepreneurs.”
An expert panel of SGB sector finance professionals will select the winners based on the clarity, feasibility, capacity, expected impact and replicability of the proposed solution.
Applications must include at least one of the following Argidius Foundation-target countries—Burkina Faso, Guatemala, Honduras, Mali, Moldova or Nicaragua—although additional countries in the region can be incorporated.
For more information, visit this link
