Deadline: 5 October 2018
Open to: individuals or teams of 1-4 people aged 18 to 35, from all over the world
Benefits: covered all travel expenses and lodging in Washington DC up to three nights for one representative from each finalist team
In today’s era of technological change and the need for adaptability, human capital, in some measures, explains up to two-thirds of income differences across the world. Investments in human capital, specifically education, skills, and health, are not only key drivers of productivity and economic growth, but also contribute to individuals’ self-empowerment. The advancement of human capital depends on two main drivers: i) the quality of investment in the early years – covering childhood education, health and nutrition; and ii) maximizing the accumulation of skills, knowledge, and well-being throughout people’ life cycle. The successful combination of these two elements is key to achieving the World Bank’s twin goals of reducing poverty and boosting shared prosperity as well as the United Nation’s Sustainable Development Goals.
The World Bank Group wants to hear from you; young changemakers from across the globe!
How would you spur innovations that contribute to shrinking the ‘human capital gap’ and foster the skills and well-being of individuals? This is your opportunity to submit an original idea aimed at increasing human skills, knowledge, or well-being related to at least one of the subthemes listed in either or both pillars below.
The purpose of this competition is to challenge young people to solve problems that i) enhance the foundations of human capital by addressing challenges related to childhood education, health, and nutrition; and/or ii) cultivate the skills, knowledge, and well-being of adults in order to improve the capacity of individuals to reach their full potential in an uncertain future.
The competition provides a forum for young people to identify problems in their communities related to the two pillars of human capital and craft their own innovative solutions. In doing so, it aims to inspire, stimulate entrepreneurial problem solving, and create dialogue on innovative ways to unlock obstacles that have traditionally hindered investment in the potential and quality of life of individuals.
- The competition is open to individuals or teams of 1-4 people aged 18 to 35, from all over the world;
- Prior entrepreneurial experience or business background is not required – all individuals with the drive to innovate are encouraged to participate, including professionals from business or policy, students and academics, NGO leaders, government officials and start-up founders.
- Finalists will join the Youth Summit 2018, taking place at the World Bank Group Headquarters, Washington DC;
- The Youth Summit will cover all travel expenses and lodging in Washington DC for up to three nights for one representative from each finalist team;
- The entire morning of the second day of the Summit will be dedicated to showcasing Finalists’ ideas;
- Finalists will present their proposal in front of a Judging Panel and Summit attendees – presentations will be live-streamed;
- One of the winners will be designated by the Judging Panel, and another winner will be designated by the audience.
How to apply?
In order to apply, please submit your proposal here.
For more information, please visit the official web page.