- Host Institution: Swiss Re Foundation
- Type: Funding
- Award: Up to $ 700,000
- Application Deadline: January 13, 2022
The Entrepreneurs for Resilience Award 2022 is an invitation to (social) entrepreneurs working in low and middle-income countries to make healthcare financially more accessible in low-income communities.
The Swiss Re Foundation Entrepreneurs for Resilience Award recognizes entrepreneurial initiatives that take innovative approaches to build resilient societies in line with the
United Nations Sustainable Development Goals.
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Demand for affordable healthcare has increased along with the global population, and
COVID-19 has only intensified the challenges of providing it.
In the 2022 award cycle, the Swiss Re Foundation is looking to support innovative solutions
that increase financial access to healthcare in low-income communities. To be eligible for
the award, an enterprise must take a business-minded approach that increase the
resources available to households to pay for healthcare or that reduces the risk of lasting
economic vulnerability or poverty following an illness or accident.
The three finalists will be awarded with funding up to USD 700 000 and non-financial
support from experts across Swiss Re and beyond.
Eligibility criteria
Mission and purpose
Applicants must have a strong social purpose and use commercial mechanisms to achieve
sustainability and scale.
Target group
At least 30% of the people served by applicants must come from poor to very poor
communities. Applicants should have a deep understanding of the specific circumstances of
the people they serve (eg barriers to using financial instruments to better manage their
healthcare).
Geography
Applicants must operate in countries that are defined as low-income and/or lower-middle.
income by the World Bank.
Maturity
Applicants must be formally established, serve at least 20 000 people and have the
potential to reach at least 200 000 people in the coming three years. They should also be
on a clear path to financial sustainability yet still require grants (or other support) to
improve their business model, reach low-income households and/or attain full financial
sustainability.
Innovation focus
Applicants must display high levels of innovation in their product, service and/or delivery
and use digital technology to deliver value to underserved populations at scale.
Award components
A total grant of USD 700 000 for the three finalists. This amount is divided among the
winner (which may receive up to USD 350 000) and the two runners-up and paid in
installments over two to three years.
Non-financial support such as coaching and technical advice from Swiss Re employees
and experts, tailored to each finalist’s needs
– The People’s Choice Award. Members of the general public are invited to vote for their
favorite finalist. The recipient of the most votes receive a special prize
For More Information Visit the Official Scholarship Website:
The Swiss Re Foundation Entrepreneurs for Resilience Award for Entrepreneurial Initiatives