DP Challenge 2008
Robust economic growth is essential in promoting human rights and social development. As such, Drishtipat announced the beginning of the Drishtipat Challenge 2008 in February. Through this business development Challenge, now entering its second year, Drishtipat seeks to create employment opportunities by funding promising small businesses.
The Drishtipat Challenge invites the general public to submit innovative proposals on business projects for the opportunity to receive a loan of up to US$5,000 per project. While it is preferable that the project serve a social development objective, the primary objective is to create economically viable businesses that can quickly stand on their own and grow. Successful proposals will demonstrate economic viability, the ability to repay the loan within 2 years, growth potential as well as social benefits. The entrepreneur’s experience or track record and ability to bring co-investment funds to the table will be important considerations.
Social entrepreneurship programs in Bangladesh have the tremendous potential to provide the social services needed for balanced socio-economic growth through business and commerce. One common constraint to their growth has been a lack of access to commercial sources of finance. The goal of the Drishtipat Challenge is to help these valuable partners in the development process overcome this constraint and participate further.
Please visit the Drishtipat Challenge webpage for more information on how to be involved or to submit a proposal. If you took part in the discussion here at UV last year, or were one of last year’s winners, you may want to check out the Guidelines and FAQ to be aware of changes to the program. If you have further questions, feel free to get in touch through any of the means listed on the website. At the end of the day, if you think you have a good idea or have friends who do, don’t hesitate to submit a proposal or to encourage your friends to do so. You can even pass around this flyer. As leaders in the greater Bangladeshi community, your entrepreneurship and initiative can make a difference in the lives of many.