|Overview : |
The 2020 AIS Innovation Challenge is a two-round business competition that is looking for early-stage (from ideation stage to MVP development) startups that have a unique business model that can help themselves, other companies, or society at large withstand a crisis situation. A Startup shall consist of at least 2 people and one of the team members must have a nationality from an AIS country.
In the 1st round, all teams have to submit their proposals. A panel of reviewers will select the best and most convincing proposals to go to the next round. In the 2nd round, 20 selected teams will get the opportunity to present their plan (virtual pitching session) to a panel of judges. A crisis is defined as a time of great danger, difficulty, or doubt when problems must be solved or important decisions must be made on a country or global scale. It includes, but not limited to, a pandemic, economic crisis, climate change-related events (i.e. long droughts, wildfire, frequent flooding, sea-level rise, etc), and armed conflict.
The 1st winner will get prize money of $10,000 and the runner-up will receive $5000. The top-10 teams get a chance to present their business in front of investors and bring their ideas to the AIS Forum High-level Meeting where they get to explain it to the head of states who attend the event.
For Detail, please refer to the attached TOR and interested applicants should submit their proposal to email@example.com with mandatory subject email "2020 Archipelagic and Island States (AIS) Forum Innovation Challenge" on or before 27th July 2020 at 1300 hour (GMT +7).
Any questions can be sent to Akhmad Arsya Sani <firstname.lastname@example.org> and cc Yusef Saiful M. <email@example.com>