About the program
For WASH entrepreneurs in Bangladesh
YY Ventures has partnered with Aqua for All and Bopinc for the first time to launch the WASH Innovation Challenge in Bangladesh. This program will support up to 15 teams that have creative and market-driven solutions for the WASH sector in Bangladesh. With this we hope to jointly achieve Sustainable Development Goal 6 – clean water and sanitation for all.
Benefits Innovators Will Receive
world class training
This program will create a space for promising innovators and entrepreneurs to accelerate their WASH initiatives by training them through a 3-day long boot camp to shape their ideas into reinvented business models through proper strategy implementation.
Mentoring hours will be structured based on the needs of participants during the program weeks. Participants will have the opportunity to avail mentoring from subject matter experts.
One winning team will get a cash prize of €2.500 at the end of the boot camp and top participants will have the opportunity to apply for €200.000 at Aqua for All if they meet the funding criteria.
With the shared support with the program partners, we will bring in a pool of investors and funders for the teams to connect and create conversations that will lead to opening up opportunities for their startups.
Successful applicants will become members at Impact Hub Dhaka, one of the largest social entrepreneurs' networks in the world and get access to coworking space that comes with high-speed internet, furnished space and community events.
Teams will be introduced to a diverse and inclusive network of startup founders within the WASH sectors and beyond. By sharing experience and making connections through shared interests, each startup will have the opportunity to collaborate and grow.
Who can apply?
Students or alumni from engineering universities who are launching their own startups to sell the technology that has been developed at the university
Established enterprise with proven ideas in other sectors than WASH, but looking to replicate the idea to support customers in the WASH sector
NGOs that are active in the WASH sector have come up with an unusual and creative idea that can be brought to the boot camp
Any other organisation with an innovative idea for the WASH sector
The legal status of business:
The challenge is only open to enterprises and organisations that are registered in Bangladesh or that can demonstrate they will register their business within the next 3 months or have a local partner in Bangladesh. Organisations outside Bangladesh with key partners (i.e. distributors) registered in Bangladesh are also welcome to participate.
Stage of venture:
We welcome ideas from both enterprises that are in their early stages as well as those that are more mature.
The Way You Can Solve a WASH Problem
Questions to be asked:
How can you help low-income households pay for drinking water & improved sanitation?
Ultra-low-cost paper water filters that can be used with traditional water jars. Pay-as-you-go (PAYG) digital metering and billing solutions for water utilities.
How to create lasting behavior change and reach millions of consumers at lower costs?
Using VR technology as a marketing tool for latrine sales agents. Introducing digital loyalty campaigns to reward consumers for behavior change.
How to make the best solutions available at the last mile?
Involving local youth to become entrepreneurs and collect purchase orders through e-commerce solutions.
How to create more aspirational solutions or bundle multiple WASH offerings?
Introducing lease-to-own models for consumers to first experience the benefits of improved latrines. Leveraging PAYGO for upselling.
How to reduce the environmental impact of waste and create circular economies?
Developing a mobile app which enables pit latrine emptying truck drivers to schedule their route and dispose the sludge at legal sites.
Got a Brilliant, Entrepreneurial Solution to a WASH Challenge?
join wash innovation challenge
in dhakaApply Now
Deadline: May 20, 2021