One Young World is offering a <a href="https://www.for9a.com/en/opportunity/category/Competitions-and-Awards" rel="noopener noreferrer" target="_blank">competition&nbsp;</a>for participants from all around the world to find solutions to finance the growth of SMEs and trade to unlock prosperity for the world&rsquo;s communities. The participant should think about how to do this in 2030&rsquo;s world and how to rewire the DNA in Banking, Show your vision for communities, trade and prosperity in the future through finding the solution.<h3 dir="ltr">About the solution:</h3><ul><li>The solutions must creatively address the need to grow access to banking &amp; financial services to support, in particular, trade and SMEs.&nbsp;</li><li>In doing so, solutions will be characterised by how they support:</li></ul><ol><li>Communities: growing the economic vibrancy of communities of entrepreneurs and businesses in and across our footprint</li><li>Networks: connecting communities &amp; ecosystems through commerce, information and communication</li><li>Participation: creating engagement and mobilisation for the purpose of sustainable development and prosperity</li></ol><ul><li>At the same time, traditional models of banking and financial services are changing, with the potential to fundamentally transform.&nbsp;</li><li>This transformation is being driven by innovation and technology in an ever more connected world; already changing the way we perceive communities, and the way we should think about financial services.</li><li>How can innovation support new ways of banking to provide more businesses and communities with the means to grow, more quickly?&nbsp;</li><li>How can we collaborate - on ideas, technology, across industries and borders to serve those who cannot easily access support from banks and financial institutions?</li></ul><h3 dir="ltr">Eligibility Criteria:</h3><ol><li dir="ltr">Youth-led: Founded by a person aged 18 &ndash; 30.</li><li dir="ltr">Focused: Well-structured time horizon, identified key stakeholders and beneficiaries, and proposed outcomes that are reasonable and well thought out.</li><li dir="ltr">Proven: Readily available, in or past implementation phase.</li><li dir="ltr">Impactful: Solutions must have a positive social impact, for example generating employment, or developing skills.</li><li dir="ltr">Measurable: Impacts of solutions must have been adequately measured and/or be measurable.</li><li dir="ltr">Financially viable: Must be able to achieve efficiency and to survive independently through the resources they generate and/or the investments and donations they attract.</li><li dir="ltr">Scalable: Potential to perform as well or better after expanding in scope or size and/or being transported to other regions</li></ol><h3 dir="ltr">Benefits:</h3>The winning solution will receive<ul><li dir="ltr">A US$50,000 grant from Standard Chartered</li><li dir="ltr">12 months of mentorship from a team of Standard Chartered professionals.&nbsp;</li><li dir="ltr">The mentorship team will work to accelerate your solution based on the needs of your initiative or organization, such as:</li></ul><ol><li>Business strategy</li><li dir="ltr">Best practices for data collection</li><li dir="ltr">Monitoring and evaluation</li><li dir="ltr">Product design</li></ol>See more available <a href="https://www.for9a.com/en/country/Germany">opportunities in Germany&nbsp;</a>on For9aSee more available <a href="https://www.for9a.com/en/opportunity/category/Scholarships/PhD">Phd scholarships</a> on For9a

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One Young World Competition for Sustainable Development - Support SMEs to win $50,000