Flame Tree Initiative is looking for development entrepreneurs who will design and launch enterprises with a focus on profit as well as social impact. FTI is specifically looking for innovators who will create jobs, disseminate critical technologies at affordable prices, and directly mitigate the social and economic challenges relevant to Malawi.
DELab Eligibility Criteria Flame Tree Initiative (FTI) is seeking innovative minds interested in the transformative power of development entrepreneurship. The ideal applicant will want to work in partnership with others to generate both economic and social benefits for their communities. FTI will select individuals who show the greatest promise of solving social challenges in a financially sustainable way.
Proposals that do not fulfill ALL of the eligibility criteria below should not be submitted. DELab participants must:
a) Demonstrate innovationDevelopment entrepreneurs should dare to deliver new products or services to communities in need. They should plan to offer a unique product or service that is not currently at play for the population they wish to address.
b) Address development challengesDevelopment entrepreneurs must be interested in demonstrating their impact in a social, environmental, and economic context.
- Social benefits include community organization, empowerment and employment, public health, education, and access to essential services. - Environmental benefits include reduced carbon emissions, waste or pollution, green energy, and protecting biodiversity and ecosystems. - Economic benefits include income generation, increased tax revenues, and conditional cash transfer programs.
c) Build towards financial sustainability Development entrepreneurs must build an enterprise that will become financially viable in the long term.
d) Demonstrate the potential for scaleDevelopment enterprises should work toward expansion into larger markets.
e) Be in the planning stages of business development Applicants should come ready to learn the basics of development entrepreneurship including what it is, how to build one, and methods necessary for long-term impact and success.
Applications will be accepted until Friday, 25th January 2019.