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Entrepreneurs for Resilience Award by Swiss Foundation 2024

Entrepreneurs for Resilience Award by Swiss Foundation seeks to bolster social entrepreneurs dedicated to enhancing access to high-quality primary healthcare for low-income communities in low- and middle-income countries (LMICs). To confront the pressing challenges hindering progress towards universal health coverage by 2030, a more robust partnership approach is essential. This entails fostering, steering, and backing initiatives that elevate both access to and the standard of primary care for low-income households in LMICs.

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Applications are open to social entrepreneurs committed to refining access to quality primary healthcare in LMICs by implementing a hybrid delivery model. This model harmonizes a physical point of care with complementary digital tools, amplifying the impact and reach of healthcare services for underserved populations.

Program overview

EligibilityDetails
Level:Entrepreneurs
Minimum Age:17 and above.
Required GPA:None.
Eligibility Country:All countries.
Gender:Female.
Race/Ethnicity:None.
Scholarship Deadline:January 23, 2024.

Requirements for Entrepreneurs for Resilience Award by Swiss Foundation

We encourage social enterprises aligning with the aforementioned criteria to submit their applications. Here are the specific criteria for eligibility:

  • Mission and Purpose: Applicants should showcase substantial social impact, ideally quantifiable through reliable metrics such as enhanced health indicators or reduced out-of-pocket expenses.
  • Target Group: At least 30% of the applicant’s customer base must consist of low-income populations. Understanding the unique circumstances of both women and men they serve is crucial, prioritizing gender-inclusive enterprises that strive to diminish gender disparities.
  • Geography: Operations must be within countries categorized as low-income or lower-middle-income by the World Bank.
  • Operating Model: The venture should operate within a market-based framework. While grant funding might be part of the business model, a demonstrated capacity to grow and scale through earned revenue is essential.
  • Size: Established formally by 2021, applicants should presently serve a minimum of 20,000 individuals, with the potential to reach at least 100,000 within the following two years.
  • Organization: A robust management team with clearly defined responsibilities is necessary, along with a well-structured and diverse workforce. Preference is given to ventures with either at least one female founder or a management team comprising at least 30% women.
  • Legal Compliance: Applicants must adhere to the legal framework of their operating country/countries and be eligible to receive grant funding from Swiss non-governmental organizations such as the Swiss Re Foundation.

Benefits of Entrepreneurs for Resilience Award by Swiss Foundation

The grant distribution for the three finalists totals USD 700,000, divided among them. The winning initiative stands to receive up to USD 350,000, while the two runners-up also receive a portion, allocated in installments over a two-year period.

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The recipient of the People’s Choice Award, determined through public online voting, earns an invitation to engage with potential investors at an event hosted by Sankalp Forum, a globally renowned platform for impact enterprises.

All three finalists benefit from tailored non-financial support, including:

  • Technical guidance from Swiss Re employees and personnel from participating organizations like AXA, PharmAccess, and Philips’ DCCC.
  • Training, advisory services, data collection, and analysis to enhance business operations and strategy, facilitated by LeFil Consulting representatives and other relevant entities.
  • Potential eligibility for subsequent funding opportunities from the UBS Optimus Foundation.

Additionally, finalists gain access to a network of like-minded peers, fostering opportunities to share knowledge and experiences on pertinent topics related to their initiatives.

How to apply

Interested and qualified? Go to Swiss Re Foundation on application.swissrefoundation.org to apply

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For more details,visit Swiss Re Foundation website

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