THE WORLD BANK 2013 INDIA DEVELOPMENT MARKETPLACE COMPETITIVE GRANT
With a grant pledge of USD 1 million, the 2013 India Development Marketplace (India DM) seeks to build on the work it has done in supporting social enterprises in India so far. This World Bank initiative aims to surface high-impact social development solutions that have demonstrated initial outcomes and provide catalytic support in helping to scale their work further.
Applying a multi-layer approach, the DM meets this objective first by providing crucial funding to back these projects (USD 50,000 to USD 100,000 per project funded) and then by enabling necessary technical assistance (through an empaneled group of local and regional firms & experts) to help organizations effectively address challenges of scale.
Launched on January 21st of this year, the 2013 India DM focused on 3 low-income states of Chhattisgarh, Jharkhand and Madhya Pradesh. The call for proposal invited all social sector organizations (for-profit and non-profit entities) seeking to scale projects in these states, to apply for the grant. Over 190 project proposals have been received from across India in response to the call for proposal, within the stipulated timeline of 30 days, while the call was open.