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  Ashoka, an organization that supports social enterprises across the world, is inviting small business enablers in selected developing countries to apply for its Power of Local Challenge. If you are a builder of small business ecosystems (i.e. your organization provides small businesses with resources, tools, networking, etc.), you may want to have a further look at this opportunity.
Read more about Opportunities
The organizers of the Power of Local Challenge seek initiatives that create and sustain collaborative networks for small businesses, and connect these businesses with valuable partners and stakeholders; offer capacity building and access to support structures; and pathways to capital and financial literacy.
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Benefits

Winners of the Power of Local Challenge will receive these benefits:
  • Receive $15,000 each
  • A global grand prize of $60,000 will be awarded to the overall winner
  • Get feedback from Ashoka and its panel of judges
  • Connect and learn with peers operating in the field
Register to attend the CN Business Mixer

Eligibility

This program is open to organizations that meet these criteria:
  • Applications must be written and submitted in English
  • Each challenge entrant must submit one application only
  • Applicant must be at least 18 years old by the application deadline
  • If the solution hasn’t been implemented at scale, the applicant should have a business plan and Minimum Viable Solution (pilot, prototype, etc.)
  • The solution must be rooted in and relevant to the community that the applicant serves
Applications will close on February 26, 2025. You can apply HERE.
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This article was first published on 20th February 2025
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ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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