WE DRIVE INNOVATION
We(Em)Power Cities: Empowering Women to Power Cities, is an acceleration program powered by a consortium of public and private sector organizations (names listed below) that provides training, mentorship, professional networking and early stage capital to female entrepreneurs from Latin America. We(Em)Power Cities is modeled after WeMENA, a program launched by the World Bank in 2014 with a focus on the Middle East (pictures below).
We(Em)Power Cities supports women entrepreneurs to accelerate innovative businesses that also create positive impact to the environmental, health, social or economic aspects of their cities.
For this round, We(Em)Power is looking for entrepreneurs whose ventures create positive impacts in Panama City, Panama. Panama City is a hub for economic development and activity along the waterfront, and has established resilience and entrepreneurship as pillars of economic growth.
WE POWER CITY RESILIENCE
The ideal candidate is a woman entrepreneur led team with a proven track record in one of the following areas. Candidates should also be able to articulate how their venture will create a positive impact in the above mentioned cities. Each candidate will apply by identifying a clear problem and an innovative solution to that problem.
Ventures in this area will address inefficiencies in agriculture, and will improve food systems to provide better food security for all
Ventures in this area will positively impact the ecosystems, societal well-being and economic prosperity around it
Ventures in this area will improve access to water and to sanitation for all
Ventures in this area will improve housing, transport and resilient infrastructure to foster economic development & jobs
Ventures in this area will enhance education, skills development and training
Ventures in this area improve their communities’ health systems and make them more resilient
Ventures in this area use cutting-edge technology to build more robust services to customers, improve financial inclusion in their communities, and help the government better deliver services to those in need by leveraging data
Ventures in this area improve job recruitment, employee engagement, health, safety & benefits administration
Ventures in this area help communities better prepare themselves in the face of natural disasters, flooding, and extreme weather, among others
WE EMPOWER WOMEN ENTERPRENEURS
WE DRIVE BUSINESS AND CREATE IMPACT
“Current Status: The Application Submission phase is now closed and the Review Phase is in progress. The dates are subject to change.”
Information Sessions in Panama City will cover competition requirements, application and selection process.
Submit your application through online platform (Apply link on this website) when the Applications opens up
Submissions close and judging period starts.
20 women-led ventures in each city will be selected and notified to join We(Em)Power program
We(Em)Power will assist in further developing their ventures and ideas with guidance and resources from mentors and partners.
Top 20 winners will submit their stage 2 application
Top finalists will be selected to pitch at the Grand Finale event.
Top winners will be selected to win cash prizes
Application Open date: October 12, 2017, 9:00am EST
Submission Deadline date: November 30, 2017, 5:00pm EST
We(Em)Power Cities is an acceleration program that awards cash prizes, and offers mentoring and training, and creates potential investment opportunities for women entrepreneurs in the Latin America.
We aim to accelerate innovative high-growth SME (small or medium size) businesses that also create positive impacts for target cities while supporting women entrepreneurs by serving as a connector between them and the public and private sector investors, universities, research organizations, mentors, risk management experts, potential customers and other business partners.
The competition attracts women entrepreneurs and leaders who are seeking investment and support to accelerate their idea or SME venture into the market. This competition is open to women participating as individuals, as teams, or on behalf of a legal entity (i.e. a Small or Medium size company). Participants applying on behalf of the legal entity must prove they have partial or full ownership of the companies they propose for funding.
Applicants from around the world may participate, but the solutions proposed must create positive impacts in the target cities identified in the competition. For detailed requirements.
We don’t limit the contest, so don’t limit your ideas. However, give some thought to what you think will have the best chance to win, so pay attention to how the ideas are judged.
Ideas will be judges based on a combination of the following factors (in no weighted order):
There is no cost to submit a venture, but if selected participants (the team leader) will have to cover their own travel costs to the Grand Finale event. We will never ask you for your bank account or credit card information.
No. When participants submit their business ventures, they are not transferring ownership to We(Em)Power Cities. Participants still own their idea or solution, and they can continue to use it for any purpose, either independently, or in partnership with others. We are here to work with you to make your venture successful, but it’s still your venture, requiring your inspiration and hard work, so of course you should still own it!
The judges will include experts in resilience, entrepreneurs from the region and from abroad, and industry experts.
The judging panels are typically designed to ensure there are subject matter experts on the judges panel who generally reflect aspects of the submitted entries. We will announce the judging panel once the judging process starts.
The Consortium does not and will not make any investment in the participating ventures. However, the Consortium may invite investors to the Grand Finale where opportunities for equity investment into participating ventures may arise.
All the terms are conditions are described on this We(Em)Power Cities challenge website.
Applicants from anywhere around the world can participate in the We(Em)Power Cities competition, as long as their proposed solution creates positive impact in Panama City, Panama. At least one member of the team or the individual applicant must be a legal resident or citizen of Panama. A proof of residence or citizenship will be required.
Empowering WOMEN to keep cities stronger