2022 WEA Digital Innovation Challenge for Women Entrepreneurs

0
604
2022 WEA Digital Innovation Challenge for Women Entrepreneurs

Last submission: 20 January 2023, 17h00 Central Eastern Time

2022 WEA Digital Innovation Challenge for Women EntrepreneursDeveloping a more gender-inclusive digital innovation ecosystem can elevate the economy and society by creating more jobs and accelerating innovation which is critical for countries to thrive and recover from the socioeconomic impact of COVID-19.

Whilst the number of women operating their businesses is increasing globally, and female representation in business ownership has been positively correlated with the income level in countries, only one in three companies is owned by women globally. Women entrepreneurs significantly contribute to economic growth and poverty reduction worldwide. Yet, they still face legal, financial, and market inequalities that restrain their entrepreneurial success in most countries. ​
The International Telecommunication Union (ITU) in collaboration with the Women Entrepreneurship Accelerator  (WEA) and Mary Kay Global, has launched the 2022 WEA Digital Innovation Challenge with the theme of Building enabling ecosystems for women entrepreneurs.  This challenge supports the commitment of WEA to empower 5 million women entrepreneurs by 2030 and is aligned with the 2023 Commission on the Status of Women (CSW67) Priority theme of “Innovation and technological change, and education in the digital age for achieving gender equality and the empowerment of all women and girls.”. WEA is a multi-partnership initiative on women’s entrepreneurship convening the 6 United Nations agencies (ITU), International Labour Organization (ILO), International Trade Centre (ITC), UN Development Programme (UNDP) , UN Global Compact (UNGC) and UN Women).
More than ever, it is crucial to maximize women’s entrepreneurship impact in achieving the Sustainable Development Goals (SDGs) by creating an enabling digital innovation ecosystem for women entrepreneurs worldwide.​

CHALLENGE SCOPE

The Challenge will help identify scalable, innovative digital solutions that enable countries, societies, communities, institutions and individuals to develop a more gender-inclusive digital entrepreneurship ecosystem promoting an environment that supports the creation and growth of women-owned and women-led enterprises.​

The Challenge objective is to build vibrant and inclusive digital innovation ecosystems that empower women entrepreneurs by supporting existing digital solutions developed by women-owned companies or with a minimum of one female founder or by women acting as micro-entrepreneurs or innovative change makers working towards achieving the Sustainable Development Goals (SDGs).​

AWARD

To increase the potential/ capabilities of the selected proposals/teams, the Challenge will open access to the Digital Innovation Challenge Acceleration Programme (“the Programme”), providing:

The 2022 WEA Digital Innovation Challenge will bring resources and expertise from various industries and sectors to support mentoring and capacity development for the selected innovators.

MILESTONES

Key Dates Activities
7 December 2022​ 2022 WEA Digital Innovation Challenge Launch
20 January 2023 End of 2022 WEA Digital Innovation Challenge 2022
27 January 2023​​ Shortlisted Candidates Announcement
1 February 2023 Pitch Competition Session and 2022 WEA Digital Innovation Challenge winners announcement
7 -10 February 2023 Bootcamp
13 February 2023 Mentorship Programme starts
6 March 2023 CSW67/ Best Practice R​​eport release
28 April 2023 End of Programme​

 

ELIGIBILITY

SELECTION CRITERIA

The Selection Committee will use the evaluation criteria below for shortlisting, at its discretion, 20 to 25 best submissions. The final winners will be selected after the Pitch Competition 1 February 2023. Each criterion has been assigned a percentage weight for scoring:

LEAVE A REPLY

Please enter your comment!
Please enter your name here