The Social Equity Venture Fund (SEVEN), just launched a competition to develop new indicators and models for investment in emerging market small and medium-sized enterprises. The competition is open to everyone, and is offering $50,000 in funds awarded for the best ideas. Entrepreneurs in developing markets often cite a lack of financial capital as the biggest barrier to growing their business. This competition, and its results, are one concrete step in demonstrating the power of entrepreneurship, and business, as a sustainable solution to world poverty.
To participate, contributors may submit their ideas until November 15. Here is a link to the submission site. The second phase of wiki-based collaboration takes place between November 16 and December 15. The online VINE community will select finalists and a jury of experts will award the grand prize.
This competition was funded through a grant from the John Templeton Foundation.
Here is a link to get additional information about the S.E.VEN Fund.
