Funding brief: Cisco is committed to positively impacting 1 billion people by 2025. As part of our work, they seek to inspire and empower a generation of global problem solvers who will not only survive – but drive and thrive – in our increasingly digital economy.
With the Internet of Things (IoT) and digital technologies connecting more devices and data than ever before, good ideas now have the ability to make a difference more quickly than ever before – and they’re here to help.
The third annual Cisco Global Problem Solver Challenge aims to recognize new business ideas that leverage technology for social impact from student entrepreneurs around the world. The Challenge is open to students and recent alumni from any college or university.
$300,000 USD in prize money will help accelerate the adoption of breakthrough technology, products, and services that drive economic development and/or solve social or environmental problems.
Criteria: All Entries that meet the eligibility criteria for the Contest and do not otherwise violate any terms and conditions of the Contest, as solely determined by Sponsor, will advance to Judging Round One.
For Judging Round One, Judging Round Two, and Judging Round Three, the Judging Panel will make their selection based on the content of the Entries and using the following criteria:
● Innovative Internet of Things (IoT) or digital technology aspect of solution: How innovative is the solution in its use of new or existing technology to solve a local or global problem? Are there other solutions available and if so, how does this differentiate from them? (33%)
● Feasibility: How feasible is the solution to put into practice? Does the solution make sense financially? Will the solution be sustainable over the long term? (24%)
● Impact: What is the scale of potential social impact? How broad is the impact? How many people will your solution reach? How significant is the impact? (33%)
● Clarity: How well do you articulate your solution and the potential impact it will have on society? (10%)
Donor Name: Cisco
Funding name: Cisco Global Problem Solver Challenge 2019
Deadline: Submit your solution by January, 11th, 2019 at 5 PM PT
Funding details link: Click to view
● $100,000 USD Grand Prize-A single team will be designated the grand prize winner.
● $75,000 USD First Runner Up-A single team will be designated first runner up.
● $25,000 USD Second Runners Up-Three teams will be designated the Second Runners Up and will receive $25,000 USD each.
● $10,000 USD Third Runners Up-Four teams will be designated the Third Runners Up and will receive $10,000 USD each.
● $10,000 USD People’s Choice-The finalist entry that receives the most votes will receive the People’s Choice Award.
In addition to a cash infusion to develop your solution, it will be reviewed by Cisco technology experts and high-profile judges. You’ll receive peer and industry validation for your solution, as well as have a great opportunity for global recognition and publicity.
Project start date: N//A
Project duration: N//A
Eligible organization: As below
Eligibility: For participants to be eligible, at least half of the team’s members must be students currently enrolled at a post-secondary institution or have received a degree after March 1, 2017. If entering as a business entity, at least 25% of the business must be owned by individuals that meet the above qualifications. Individual students and recent grads may also apply. For detailed eligibility requirements, please click here.
Eligible solutions (technologies, products or services) must:
● Incorporate Internet of Things (IoT) or digital technologies as part of the solution
● Have a positive social, environmental or economic impact (e.g. health, education, accessibility, critical human needs (food, water, disaster response/recovery, safety, etc.).
Eligible Country: This Contest is not open to individuals in the province of Quebec in Canada. In addition, residents of Cuba, Iran, Syria, North Korea, Myanmar (formerly Burma) and Sudan are not eligible to participate. This Contest is void in these countries and where otherwise prohibited or restricted by law.
Submission mail: Not found
How to apply: Interested applicant may apply through the website (Click to view).
● To prepare your submission you will need to complete an online questionnaire which will cover the following topics:
● Defining the problem you are solving
● Explaining the solution, including:
Its benefits and how it uses IoT or digital technologies
How it is unique and will be taken to market
Risks associated with the solution
● 90 second pitch video of team member(s) explaining the solution
● Additional supporting documentation:
Contact information for faculty advisor
Proof of eligibility (student or degree status)
● All Entries must be submitted in English.
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