Frequently Asked Questions
The team of innovators must have at least 2 and maximum 3 members. Any university students/ young professionals/ entrepreneurs/ academicians/ tech professionals who can demonstrate their tenacity and commitment during the competition phase to transform their ideas into action can participate. Existing startups and social enterprises can also participate with bold ideas or novel solutions. The ideas can be an extension of their existing initiatives.
No. A team member can’t participate in this challenge with multiple teams. If a team member is already enlisted with an applicant team, he/she can’t represent another team. If such a conduct is discovered later, the team member will be disqualified from the competition.
The evaluation criteria will be diverse yet interconnected. Judges will explore how the projected intervention will improve the employability, welfare of female garment workers, and also the overall industry competitiveness. In addition, the team must also demonstrate their capabilities to take this project to a sustainable scale.
Each participating team can submit a maximum of 3 EOIs in the marketplace round, and also each factory can be associated with a maximum of 3 teams. Therefore, negotiation with factories is also one of the key factors to be selected as one of the winners.
In the pilot execution phase, the winning teams will attend a virtual pilot readiness bootcamp which will be designed to prepare the winners for piloting the project at the host factory. Mentors will be assigned for each winning team and arrange diagnostic panels to de-risk the pilot design. The winning teams will receive upto USD 30,000 each as grant to execute this pilot. There will be portfolio managers from BRAC Social Innovation Lab assigned with each team to track the team’s progress and provide constant support to the winning teams to make the pilot execution more grounded and human-centred.
The timeline for pilot execution will be 4 months. Realistically, different solutions may require different timelines but some visible progress and outputs are expected within these 4 months with a combination of both speed and rigor from all relevant stakeholders.
There will be 6 winners but it is not guaranteed that there will be one winner from each category.
The pilot has to be hosted in one of the partner factories participating in the marketplace. If the team wants to host the pilot in multiple partner factories simultaneously, it’s possible but the host factory must be included in the pilot phase.
Global teams are welcome to participate in this challenge. The winning teams must commit their time and effort during the pilot execution phase. Since all the pilots will be hosted in a factory in Bangladesh, at least one of the team members need to be physically present in Bangladesh during the pilot execution phase from January 2022 to April 2022. To actively participate in the pilot execution phase will be a prerequisite for any winning team.
There will be scopes for follow-on funding but the solutions have to demonstrate strong proof-of-concept for scaling. The organisers will also connect the winners with local and global impact investors.
If a team is not able to instigate any interest from the factories, that team will become ineligible to receive the pilot grant.
It might happen that a team might not become a winner due to stiff competition. In this case, both factory and team can explore partnership among themselves but the organisers won’t be bound to provide them support.