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Applications Invited for Lead2030 Challenge for SDG5
Organization: One Young World
Apply By: 30 Mar 2023
Grant Amount: 100000 USD
About the Organization
We are One Young World, empowering and developing young leaders to build a fair, sustainable future for all.
It all begins with the annual One Young World Summit - the beating heart of what we are about. For young leaders, the Summit is the landmark event of the year. It is a chance for the individuals responsible for shaping the future of our world, to come together to confront the biggest challenges facing humanity. The Summit is the ultimate place to be inspired, share learnings, and connect. Together we raise the bar for what it is possible to achieve as leaders, individually and collectively. The One Young World Summit 2023 will take place in Belfast, UK from 2 - 5 October 2023.
About the Grant
Despite global progress towards gender equality, women around the world are still subject to discriminatory laws, unequal pay, lack of access to healthcare, education, business opportunities, and some cannot participate in financial and other decisions within their homes. At this rate, it will take us another 286 years to close the global gender gap (UN Women, 2022).
Despite these challenges, women play a critical role in driving economic growth and providing livelihoods for their communities, families, and society in general, through women- owned or operated business. In fact, ensuring equal opportunities for women will create an estimated $160 trillion in wealth from better use of their skills, experiences and ideas (World Bank, 2018). In fact, studies have found that women-owned startups deliver twice as much per dollar invested as those founded by men ( BCG and MassChallenge). For every dollar of funding in 2018, these startups generated 78 cents, doubling the return of male-founded startups. Nonetheless, female founders received just 2% of all venture capital dollars in the US in 2021, the lowest since 2016.
In partnership with One Young World, AB InBev and its flagship open innovation platform, the 100+ Accelerator, want to continue to support and promote women in business as women’s economic empowerment is crucial to realizing women’s rights, gender equality and driving sustainability. As stated by the UN: Investing in women’s entrepreneurship is investing in change.
AB InBev and 100+ Accelerator are proud to support the Lead2030 Challenge for SDG 5. The Challenge aims to find and support women-founded companies that are tackling the most pressing sustainability challenges we face: from climate change to biodiversity loss, to building a more inclusive world.
*In 2018, AB InBev launched its signature open-innovation program, the 100+ Sustainability Accelerator. The program was created to source, validate and scale sustainable technology, products, and services to significantly contribute to the UN SDGs and fuel the green transition of global business.In 2021, The Coca-Cola Company, Colgate-Palmolive, and Unilever joined with AB InBev to launch a reimagined 100+ Accelerator: a program run jointly by multiple Fortune 500 companies that allow industries to work together to harness the scale, speed, and transformation necessary to propel sustainable innovation.
Eligibility
- Aligned: Evidently aligned with the SDG5 challenge. See ‘About’.
- Youth-led: Founded by a person aged 18 – 30.
- Women-founded: Led and founded by at least one woman founder.
- Focused: Well-structured time horizon, identified key stakeholders and beneficiaries, and proposed outcomes that are reasonable and well thought out.
- Market ready: Product/service already in market or ready to go to market.
- Impactful: Solutions must have a positive social impact, for example generating employment, or developing skills.
- Measurable: Impacts of solutions must have been adequately measured and/or be measurable.
- Financially viable: Must be able to achieve efficiency and to survive independently through the resources they generate and/or the investments and donations they attract.
- Scalable: Potential to perform as well or better after expanding in scope or size and/or being transported to other regions.
Prize
- The winning solution will join the fifth cohort of organisations supported by the 100+ Accelerator. Participation in the program includes:
- Pilot:The 100+ Accelerator gives promising startups an opportunity to pilot their innovation within a global corporate supply chain (AB InBev, The Coca Cola Company, Colgate- Palmolive, or Unilever) and bring their solutions to market faster.
- Investment: To that end, the 100+ Accelerator provides up to $100,000 USD to each startup for a proof of concept pilot to prove the viability of the solution.
- Ongoing mentorship: The 100+ Accelerator also provides critical hands-on support to startups through a robust curriculum of business skills and by assigning dedicated teams of the corporate partner´s mentors and experts to guide them through the pilot process.
- One Young World Summit: In addition, one representative of the winning solution will be invited to participate in the One Young World Summit 2023 which takes place in Belfast from 2 - 5 October.
How to Apply
30 April 2023: Applications close.
For more information please check the Link
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