Development Marketplace Now Accepting Submissions
Have a social enterprise that is worth scaling-up to improve the lives of people living in rural areas of Upper Egypt?
The Development Marketplace (DM) wants to hear from you.
The DM program, housed in the World Bank and administered by the World Bank Institute, and funded by various partners has, since its inception in 1998, awarded more than US$60 million grants to more than 1,200 innovative projects.
Each social enterprise is identified through an open and competitive submission process. Applications go through rigorous, merit-based scrutiny by panels of development experts from inside and outside the World Bank. Every DM has a specific theme or sector and draws applications from a range of social innovators and entrepreneurs.
For this particular DM, the World Bank and its partners have committed $1.4 million, to be awarded to civil society organizations and businesses that are part of the agriculture supply chain, such as those in the food processing, agricultural waste management, handicrafts, and other domains in the rural economy.
Apart from funding, successful organizations will also be eligible for a wide range of advisory support. The International Finance Corporation (IFC), a member of the World Bank Group, will offer training on critical issues such as corporate governance and environmental management. Technical support will also be available from Egypt's most prominent companies, foundations, and international organizations.