Articles by Nicholas Fusso
New Ventures Ditch the Product Invention Lab, Target Distribution Instead: The 12 D-Prize Competition winners are all about sharing proven tech, innovations – not inventing them
Some 500 teams of aspiring entrepreneurs pitched their idea for a new poverty-fighting venture as part of the D-Prize competition. This is no doubt impressive. But what is truly remarkable is that not one single team sought to invent a new technology or poverty intervention. Instead of spending resources inventing a new product, these ventures will distribute solutions that already exist.
Earlier this year, a handful of successful entrepreneurs and impact investors banded together to launch a new organization named D-Prize. D-Prize asked social entrepreneurs around the world one question: If you had $20,000 in seed capital, how would you fight poverty? Today, D-Prize is announcing seven winners who will answer that challenge.
Distribution, the Key to Unlocking the Development Toolbox: D-Prize offers $20,000 awards for start-ups with innovative distribution models across sectors
A new organization, D-Prize, believes entrepreneurs can scale up access to poverty solutions, and is backing the belief with $200,000 in available seed capital. Do you have an idea for a new distribution-focused venture? Submit your concept for a new venture that solves distribution challenges, and potentially win an award up to $20,000 to launch a pilot.