In December IFC and the Group of 20 (G20) launched a new competition that will recognize emerging market companies that provide critical goods, services or livelihood opportunities to the 4 billion people living at the base of the pyramid (BoP). The G20 has requested IFC to manage the competition.

The G20 Challenge on Inclusive Business Innovation, which was announced at the November G20 Summit in Cannes, will judge companies on their ability to demonstrate business model innovation, development results, and potential for growth, as well as social, environmental, and financial sustainability.

A judging panel consisting of representatives from the G20, private sector, academia, foundations, and international finance institutions will select up to 15 winners whose business models will be showcased at the G20 Leaders Summit, to take place June 18 – 19, 2012, in Mexico. The winners will be invited to peer-to-peer learning regional workshops following the summit.

The application period is open until February 29, 2012, so get your application in today!

Learn more:
Go to the G20 Challenge Website: www.G20challenge.com.
Go to the application form: http://www.g20challenge.com/apply/