The SEVEN Fund is a virtual nonprofit entity run by entrepreneurs whose strategy is to markedly increase the rate of innovation and diffusion of enterprise-based solutions to poverty. SEVEN believes that such solutions already exist but are not sufficiently studied, analyzed, and exhibited as examples.
The SEVEN Fund has published its annual open "Enterprise-based Solutions to Poverty" Request for Proposals. The competition will award up to two research grants of up to $100,000 each to support innovative original research in enterprise solutions to poverty.
The RFP has four goals: 1) to expand scientific inquiry to include disciplines fundamental to a deep understanding of entrepreneurship and economic development currently unsupported by conventional grant sources; 2) to forge and maintain useful collaborations between researchers and on-the-ground actors of enterprise-based solutions to poverty; 3) to provide the public with a deeper understanding of this area and its potential implications; and 4) to find, research, and analyze role-model entrepreneurs and companies whose lesson may inspire others.
Date due: October 15, 2010
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