The World Bank has launched the Egypt Development Marketplace, a program aimed at engaging organizations in fighting poverty through innovative development initiatives, in partnership with the Non-governmental Organizations (NGO) Service Center.
Part of the World Bank’s global program launched in Washington in 1998, the Development Marketplace matches social entrepreneurs innovative ideas to tackle poverty with partners who have the resources to implement their vision.
The first country in the Middle East and North Africa to launch a local version of the Development Marketplace, Egypt is introducing a program which focuses on the theme of Skills Enhancement for Development.
The program will include an innovation competition where start-up funds are awarded to organizations proposing innovative ideas around the chosen theme. In addition, a knowledge forum where various leaders in the development community will share their experiences around the chosen theme will also be implemented.
The Egypt Development Marketplace will be held on March 25, 2003 when the award winners will be announced. An independent jury comprised of representatives from the development community will select the winners. The awards will range from $10,000 - $50,000, depending upon the needs of applicants’ project proposals. — (menareport.com)
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