More About Development Marketplace Competitions

The Competition is in Opened status.

Competition No: DMPlaceholder

Award Pool: TBD

Competition Type: Multi-type

Competition Status: Opened

Sectors:

To be determined

Themes:

To Be Determined

The Development Marketplace is all about bringing together social entrepreneurs to share ideas and compete against each other for funding of their projects. DM Competitions are held at the global, regional and country level. While at each type of competition has specific characteristics, all loosely follow the same structure:

1. There is a call for proposals.

2. The proposals undergo rigorous scrutiny by development experts from inside and outside the World Bank who select finalists.

3. Finalists are brought together at a Marketplace event to present their ideas to the public and participate in networking and knowledge sharing with other applicants.

4. A jury comprised of seasoned development professionals from inside and outside the World Bank interview the finalists during the Marketplace and then select the projects for DM funding. The winners are announced at the close of the Marketplace event.

How do the Global Development Marketplace competitions differ from the Regional and Country competitions?


	Global	Regional & Country
Grant size	Up to $200,000	$10,000 to $50,000, depending on country
Length of implementation	Up to two years	Up to one year
Competition theme	Sector-based (i.e. water and sanitation, health and nutrition, etc.)	Linked to World Bank country strategy
Objective	Identify and fund innovative projects with large potential for development impact	Identify and fund innovative projects that address country-specific development issues
Frequency of competition	Every 12 to 18 months	Six to nine countries per year
Location of Marketplace	Washington, DC	Country-specific
Event administrator	DM team in Washington, DC	World Bank country office