According to a release from AusCham, on 25 July the Australian Minister for Foreign Affairs, the Hon Julie Bishop, announced the opening of Frontier Innovators.
Developed by the Australian Government Department of Foreign Affairs and Trade (DFAT)’s innovationXchange (iXc), and operated by SecondMuse, Frontier Innovators is an open search to find 15 stand-out entrepreneurs with sustainable businesses that are having an impact in countries in Asia Pacific.
Each winner will receive up to $100,000 to help scale their business as well as tailored business support and mentoring, including support to tell their story and measure their impact.
Applicants need to be generating revenue, looking to grow their business, and delivering development impact within the Asia-Pacific region. This may include start-ups, small to medium businesses looking to scale, social enterprises or NGOs with a revenue mechanism. Businesses may be based outside the region but need to be delivering impact in developing countries in the Asia-Pacific.
Frontier Innovators is the first step in a new $15 million social entrepreneurship program to support the ecosystem for businesses in Asia-Pacific using market-based approaches to deliver development outcomes. The Australian Government recognises that governments cannot realise the Sustainable Development Goals alone. According to a statement on the Minister for Foreign Affairs, the Hon Julie Bishop’s website, “This is recognition that government doesn’t have all the answers and we need to harness the creative minds of innovators throughout our regions.”
For more information on eligibility and selection criteria visit www.frontierinnovators.org. Questions can be emailed to [email protected]
Applications close 30th September 2017.