May 23: 12 - 2pm; awards ceremony 4 - 5:15pm
Development Marketplace (DM) is a competitive grant program of the World Bank that funds innovative, small-scale development projects. DM’s primary objective is to identify and support creative cutting-edge solutions to the most pressing social and economic concerns of our time; ideas that deliver results and have the potential to be expanded or replicated. In this way, the World Bank gains insight from grassroots practitioners who have important contributions to make in the fight against poverty, and can share their experience with the broader development community. Ultimately, the DM seeks to find solutions beyond established channels through an open, transparent, and competitive process with minimum cost and bureaucracy.
The Development Marketplace program operates at two levels: global and country. In both cases, DM uses a transparent process to surface innovations that address development challenges at the community level. DM competitions are designed to attract ideas from a range of innovators; civil society groups, social entrepreneurs, foundations, academia, and private sector corporations, as well as staff from the World Bank and other donor organizations.
See full Press Release.
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