The fifth annual Cisco Global Problem Solver Challenge aims to recognize new business ideas that leverage technology for social impact from entrepreneurs around the world. The goal is to advance early-stage projects that are beyond the concept or idea formation stage, but which have not yet generated over $1M USD in funding and/or revenue.
$1,000,000 USD in prize money will help accelerate the adoption of breakthrough technology, products, and services that drive economic development and/or solve social or environmental problems.
How to participate?
- Participants could register individually, as a team of not more than 5 people or as a business entity.
- There would be two submission rounds in the competition:
- Round One: In the first round, participant(s) need to complete an online questionnaire regarding the problem your project is trying to solve. Participant(s) also need to make a 90 second video pitch explaining the solution. The deadline for Round One is January 21, 2021.
- Round Two: The teams passing through Round One reach the Round Two or the Semifinal round. In addition to the details submitted in the previous round, the participant(s) need to submit details regarding the problem and the project. The submission deadline for Round Two is April 23, 2021.
- On the basis of submissions on the two rounds, the judges would decide winners that would be announced on June 29, 2021.
The total prize pool of the competition is USD 1 million which would be distributed in following ways:
- Grand Prize: One team would receive a grand prize of $250,000.
- Regional First Runners‐Up: Three teams from Americas, EMEAR and APJC will be designated the regional first runners-up and will receive $75,000 USD each.
- Second Runners‐Up: Three teams will be designated the second runners-up and will receive $50,000 USD each.
- Third Runners‐Up: Three teams will be designated the third runners-up and will receive $25,000 USD each.
- Fourth Runners‐Up: Three teams will be designated the fourth runners-up and will receive $10,000 USD each.
- People’s Choice: The finalist entry that receives the most votes will receive the People’s Choice Award.
- CISCO Employee’s Choice: The finalist entry that receives the most votes will receive the Cisco Employees’ Choice Award.
In addition, there are also 2021 Special Prizes which are as follows;
- Greenhouse Gas Solutions Prize: A single team will be designated as the winner of this prize and receive $50,000 USD.
- Ethical AI Prize: A single team will be designated as the winner of this prize and receive $50,000 USD.
- Digital Inclusivity Prize: A single team will be designated as the winner of this prize and receive $50,000 USD.
- HBCU Startup Prize: A single team will be designated as the winner of this prize and receive $50,000 USD.
- Pandemic Response Prize: A single team will be designated as the winner of this prize and receive $50,000 USD.
For judging Round One, judging Round Two, and judging Round Three, the Judging Panel will make their selection based on the content of the Entries and using the following criteria:
- Innovative Internet of Things (IoT) or digital technology aspect of solution: How innovative is the solution in its use of new or existing technology to solve a local or global problem? Are there other solutions available and if so, how does this differentiate from them? (33%)
- Feasibility: How feasible is the solution to put into practice? Does the solution make sense financially? Will the solution be sustainable over the long term? (24%)
- Impact: What is the scale of potential social impact? How broad is the impact? How many people will your solution reach? How significant is the impact? (33%)
- Clarity: How well do you articulate your solution and the potential impact it will have on society? (10%)
Registration deadline: January 29, 2021
Prize pool: $1 million USD
Click HERE to apply.
Click HERE to visit the official link.