The World Bank and partners invite all interested and eligible youth aquapreneurs (age 18-35) to apply with innovative solutions tackling one or more of four global water challenges:
Too much water, Too little water, Contaminated water, Mismanaged water
The Challenge launched at CoP28 on December 8th, 2024, and will run through October 2024. It is a joint initiative of the World Bank’s Solutions for Youth Employment (S4YE) and Water Global Practice’s Utility of the Future Program.
WORTH
- Build critical entrepreneurial skills in business plan development, prototyping, customer segmentation, sales, financing, marketing, fundraising, and sustainability with support from our Corporate partners like Microsoft, Xylem and other learning partners like YBI, YMCA and other water tech companies.
- Be invited to join the Microsoft Founders Hub offering the opportunity to gain free access to technology tools, resources and coaching to build solutions.
- Improve business plan and pitch scalable solutions to water tech CEOs, VCs, and other impact investors
- Receive market feedback from water and sanitation utilities, irrigation operators, and other end users worldwide.
- Network with a global community of successful entrepreneurs, water experts, investors and other innovators
- Access a 6-month Accelerator Program that provides one on one mentoring by successful Water tech CEOs (winners only)
ELIGIBILITY
To be eligible to participate, you must be:
- Between 18 and 34 years of age at the time of registration (i.e., as of December 8, 2023), and citizens of low- and middle-income countries, as defined by the World Bank. The challenge is open to students, entrepreneurs, technologists, and other engaged citizens.
- Individuals may form teams and submit entries on behalf of the team. Each team can list between 1-5 members who will be available to participate in the challenges’ associated events. If the team is from an existing venture with more members, please select 1-5 to participate fully in this initiative. All team members need to fit the age criteria.
- The team should either be working toward a minimum viable product or have a minimum viable product that is intended to serve or serving customers in at least one low- or middle-income country, as specified in the list of countries above.
- The team must address one or more of the following four tracks and challenges:
- Too much water: The challenge of too much water includes issues such as flooding, rising sea levels, coastal erosion, and ocean acidification.
- Too little water: The challenge of too little water refers to water scarcity, lack of access to water and sanitation services, drought, and associated food and agriculture challenges.
- Contaminated Water: The challenge of too polluted water entails issues such as contaminated drinking water with microplastics, forever chemicals, or other toxins and the public health challenges these pose.
- Mismanaged Water: The challenge of mismanaged water includes poor service delivery, mismanaged water equipment, and infrastructure, or operational inefficiencies in water and sanitation utilities.
- Each team may enter only once. Teams that enter more than once will not be considered.
- The 1-5 young innovators listed in the team should be willing and able to participate in virtual boot camps, workshops, mentoring, and networking sessions led by industry experts. These sessions will be held online; thus, participants must have access to a stable internet connection.
- All sessions will be held in English; thus, participants must be able to participate in and pitch their ideas in English.
DEADLINE: February 23, 2024
To apply and for more information, apply here.
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