This award from Citi and the Ashoka Foundation recognises financial-service projects that use innovation, including information and communication technology (ICT) innovation - such as mobile banking and internet financial solutions - and skills to achieve economic and social change. The competition is designed to reach the entrepreneurs and challenge them to use their skills and commitment to providing financial services for all. The objective is to channel the collective energy of entrepreneurial ideas and skills as a means for creating economic and social change worldwide. The top three entries will win US$5,000 each.

After the judges select the 10-15 finalists from the entire competition, the Changemakers online community will vote for 3 winners from among the finalists. Participation in the competition provides the opportunity to receive feedback on one's entry from fellow entrants, Changemakers staff, judges and the Changemakers community. Showcasing an entry and the challenges involved in creating social impact advises potential investors about how best to improve funding/investing patterns for the sector and to maximise the strategic impact and effectiveness of their future investments.


Nominations are encouraged from the global community by September 26 2008. The deadline for application is October 1 2008. Entries received before August 15th will be eligible to win an early entry prize of a camcorder and digital camera worth US$1,000.

Click here for more information.


Click here for guidelines and procedures.


Questions may be directed to: bankingonsocialchange@changemakers.net

Email from Roberto Wolgemuth to The Communication Initiative on July 21 2008.