Impact Funding Resources
This Challenge calls for innovative solutions that enable multigenerational financial resilience, equitable healthy ageing and fulfilment across longer multi-stage lives in Asia.
Start Date26 Mar 2025 End Date28 Apr 2025 Funding AmountUpto CAD 200k Funding Resource TypeGrant
Funding ProviderWEF uplink and partners
Grant
WEF uplink and partners
The focus areas of this challenge include:
• Multigenerational financial resilience
• Equitable healthy ageing
• Lifelong fulfilment
Selection criteria
I. Business viability
• Financially viable business model: Solution has a clear strategy to develop a sustainable business model and revenue approach for Asian markets and demonstrates an ability to fundraise from investors, government and philanthropic funders.
• Product-market fit: Solution can demonstrate how it fits customer needs with evidence in the Asian market context, and with reference to the size of the problem it seeks to address.
• External risk: Solution has a plan to manage risks and uncertainties associated with achieving their desired outcomes.
• Governance, team and operating models: Solution should have a legal entity attached to the project or technology and have a diverse leadership team with the right capacity and skillset to deliver on the project's mission. The operating model should show the extent to which the project has achieved financial viability and sustainable revenue streams or has a vision and plan for achieving it.
II. Intention to deliver impact
• Positive and sustainable social impact: Solution supports the Asia longevity agenda in the long term, delivering impact that outlasts the length of the challenge and working to address age, gender, racial and/or wealth inequality with respect to one of the challenge focus areas.
• Impact measurement, management and verification: Solution has a clear metric or series of metrics to measure its impact. The metric(s) should be tracked transparently and apply relevant, robust standards.
III. Solution innovation and replicability
• Innovative nature of solution: Solution demonstrates innovation concerning its product or service technology, offering, pricing, partnerships, or business model.
• Proof of concept and replicability: Solution can provide evidence, for example from experiments or pilot projects, that the product or service is implementable across markets in Asia.
IV. Geographic scope
• Market focus: Solution must have a clear focus on Asia, either by being based in the region or having a strong strategy for implementation and scaling within Asian markets.
