ABOUT 2020 GLOBAL SANKALP AWARDS
The theme for this year’s Global Summit is looking at an Entrepreneurial Renaissance. We believe the entrepreneurs are the driving force that can transform the unprecedented challenges into a new playing field; to turn the civilisation towards a paradigm that balances profits with collective societal good.
At this historic crossroads, the Sankalp community across the globe, shall once again convene in November 2020, virtually, to steer and leverage the vast expertise of all the global stakeholders to use this window of opportunity to shape the recovery of our civilisation.
And with the Sankalp Global Awards we want to recognise the work of those entrepreneurs who have been building a new system, an enabling ecosystem, which provides the right resources and environment for entrepreneurs to thrive and design the new world, a new movement to propel massive collective change, shared and valued by all.
SELECTING AND SHORTLISTING CRITERIA
Step 1- Application Submitted
Step 2- Internal jury selects and shortlists up to 10 most promising entrepreneurs from each sector
Step 3- Intellecap team gets on a 15-20 minutes call with the applicants to further evaluate the enterprise
Step 4- The jury further shortlists the most promising 4 enterprises per sector, from the pool of 10
Step 5- The top 4 enterprises receive support from Intellecap in terms of collateral preparation, and preparation to pitch to a select external investor member
Step 6- The top 4 selected enterprises from each sector pitch their businesses to an external jury consisting of seasoned investors (Screening committee)
Step 7- The screening committee selects the top two enterprises from each sector that will finally pitch to the Sankalp grand jury
Step 8- The top two enterprises pitch to the grand jury and Sankalp Award winners selected from each of the five sector categories
Step 9- Sankalp makes appropriate partner connections for entrepreneurs and investors.
FREQUENTLY ASKED QUESTIONS
How do I apply to the 2020 Global Sankalp Awards online?
What are the eligibility requirements for the applicants?
Sankalp invites applications from ‘for-profit’ enterprises incorporated in the focus regions that use market based solutions to meet development outcomes. We are looking for organizations that-
- Have operations in Africa and Asia
- Have a proven business model and are post-revenue
- Have potential to scale, whilst being sustainable
- Have a visionary and complementary team, with necessary industry experience
- Have an impact on the marginalised and their business models cater
to rural, low-income and disadvantaged communities
The enterprise should be functional in at least one of the following sectors-
Agriculture & Livelihoods
Energy & Climate Change
What is the deadline for submitting the Applications?
September 11, 2020, 23:59 hrs.
What happens after the awards are announced?
The winners are not only recognized but they also get a chance to pitch before a delegation of more than 1000 stakeholders who include Investors, Development Finance Institutions (DFIs), multilaterals, cooperates and development practitioners. The Sankalp Awards finalists will be drawn from a pool of enterprises who will be selected to receive investment readiness support from Intellecap.
Intellecap will provide individualized investment readiness support to enterprises before showcasing them to the investors, with the possibility of investment facilitation.
Do I need recommendation letters?
I am guaranteed funding?
No. However, through the Sankalp global awards platform, you will gain access to various investors and DFIs who you can interact and pitch your business model to, thereby increasing the potential of your company to attract financing.
How will I find out about the status of my application?
You will receive an email from our team confirming receipt of your application. If you are shortlisted, our team will contact you for a short 15-20 minutes interview. Candidates will be contacted as soon as relevant information is available.