The 2025 Ashoka Power of Local Challenge is nearing its application deadline, with submissions set to close on February 26, 2025. The challenge is offering organizations an opportunity to secure up to $60,000 in prizes for their contributions to strengthening small business ecosystems.
Purpose of the Challenge:
The initiative highlights the importance of small businesses in driving local economies through job creation, innovation, and generational wealth. Ashoka aims to support organizations that are already making a significant impact and are seeking to expand their reach.
Program Benefits:
Participants will have the opportunity to:
Engage with a global network of changemakers
Receive feedback through peer reviews and expert roundtables
Participate in self-paced training to enhance their impact
Prizes Offered:
- 1 Grand Prize: $60,000
- 10 Additional Winners: $15,000 each
Semifinalist Opportunities:
Semifinalists will be given the chance to refine their proposals with expert input and connect with peers from across the globe.
Eligibility:
Organizations supporting small businesses by promoting equitable access to resources and networks are eligible to apply. The challenge is open to applicants from: Botswana, Brazil, Burundi, Cameroon, Ethiopia, Ghana, Indonesia, Kenya, Liberia, Mexico, Namibia, Nigeria, Rwanda, South Africa, Tanzania, Uganda, and Zimbabwe.
For further information and to submit applications, candidates are advised To visit https://www.changemakers.com/en/challenges/poweroflocal
