Type of Funding
Cisco is inviting student entrepreneurs and recent graduates from any college or university, to take part in the Cisco Global Problem Solver Challenge 2019, which seeks to recognize new innovative solutions that leverage technology to solve the world’s most pressing social and environmental problems. The 2019 Challenge is targeted at new business ideas that leverage technology for social impact.
Entries must be solutions using digital technology to positively impact society or the environment. Areas of impact include, but are not limited to, critical human needs like water or food security, healthcare, financial inclusion, education, accessibility, and the environment.
The top team or individual will win the Grand Prize of US$100,000. The First Runner Up will win US$75,000. Three entrants will be selected as Second Runners Up, and each winner will receive US$25,000 each. Four entrants will be chosen as Third Runners Up, with each winning US$10,000.
The finalist entry that receives the most votes will receive the People’s Choice Award of US$10,000. People’s Choice voting will take place between 30 April and 18 May 2018.
Contestants can enter as individuals, teams, or business entities. Entrants must be 18 years old or above. Individual entrants have to be either current students at any post-secondary institution, or recent graduates who completed a post-secondary degree after 1 March 2017. Each team must comprise up to 5 members, with at least 50% of the team being either current students at any post-secondary institution, or recent graduates who completed a post-secondary degree after 1 March 2017. Business Entity Participants must be at least 25% owned by current students at any post-secondary institution, and/or recent graduates who completed a post-secondary degree after 1 March 2017.
Contestants must complete an online questionnaire and submit a 90 second overview video to further explain their entry.
Entries will be judged on the following criteria:
- Innovative Internet of Things (IoT) or digital technology aspect of solution: How innovative is the solution in its use of new or existing technology to solve a local or global problem? Are there other solutions available and if so, how does this differentiate from them?
- Feasibility: How feasible is the solution to put into practice? Does the solution make sense financially? Will the solution be sustainable over the long-term?
- Impact: What is the scale of potential social impact? How broad is the impact? How many people will your solution reach? How significant is the impact?
- Clarity: How well did the contestant articulate the solution and the potential impact it will have on society.
This Contest is not open to individuals in the province of Quebec in Canada. In addition, residents of Cuba, Iran, Syria, North Korea, Myanmar and Sudan are not eligible.
Applications are to be done online by 11 January 2019.