Education Cannot Wait Resource Mobilization Challenge: Close to 200 Fundraising Ideas Received!
Our call for bold innovative fundraising ideas to support education for children and youth in crisis settings yielded almost 200 submissions from all over the world! This is a very exciting outcome for Education Cannot Wait (ECW)’s first Resource Mobilization Challenge.
The variety and creativity of ideas we received are impressive. Submissions range from establishing new cryptocurrencies, to crowdfunding, voluntary consumer micropayments, partnerships with companies, Islamic finance, debt conversion, affinity credit cards, and many others.
A huge thanks to all of you who submitted ideas or who helped spread the word about the challenge!
We are now reviewing all submissions and we will soon publish highlights of the best ones.
Over the next few weeks all submissions will be reviewed to identify the best ideas. This evaluation will be guided by various criteria such as the ideas’ innovative character, potential to mobilize resources, feasibility, implementation cost and associated risks.
Towards the end of September, all finalists will have an opportunity to present their ideas to the Resource Mobilization Challenge Jury who will select the three best ideas.
Winners will receive a $25,000 funding prize to turn their idea into a business plan. After that, ECW hopes to work with the winners towards implementing these plans to turn their ideas into concrete action. There are currently 75 million vulnerable children and youth left behind in emergency and protracted crisis situations. These resource mobilization ideas can make a real difference in generating the funding needed to ensure they have access to quality education.
Additional information on ECW’s Resource Mobilization Challenge is available here.