The HackaDev Green Innovation Challenge is committed to concrete actions that contributes to the realization of the project outcomes outlined above. Following the learnings from the previous editions of UNDP’s Social Innovation Hackathon – HackaDev, the National Youth Software Competition, and then the National Youth Social Innovation Challenge introduced a seed funding phase where national winning proposals are eligible to receive a seed funding component, which will also be applied for the HackaDev Green Innovation Challenge 2022.
The purpose of the seed funding phase is not limited to the provision of financial incentive to the selected teams to develop their ideas. The phase intends to ignite the journey of the selected ideas towards full implementation or becoming a sustainable enterprise with social impact. This is one of the most important phases of the HackaDev Green Innovation Challenge as it is through the successful completion of this phase, can the initiative showcase results pertaining to its outcome of creating solutions to development challenges while creating a pool of entrepreneurs that can further ignite and inspire innovation and entrepreneurship in young people.
The 05 selected proposals of the HackaDev Green Innovation Challenge 2022 are in requirement of a mechanism to receive the seed funding and incubation support for a 6-months period. Each selected proposal is to have a maximum ceiling of seed funding that will be subsequently specified. The funding will be disbursed based on milestones and needs to be provided with guidance and mentoring for further development. In addition, 05 more proposals will be selected for which only a seed funding grant will be provided, which the selected service provider will have to do a one-time disbursement. For this purpose, UNDP will contract the services of an organization which possesses the expertise to carry out the initial incubation and management of the selected proposals.
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