The Swiss Re Foundation Entrepreneurs for Resilience Award 2021 focuses on innovative solutions that increase financial access to healthcare in low-income communities. More specifically, innovative, market-based solutions that increase the household resources available for healthcare and/or reduce health shocks that lead to poverty or economic vulnerability following a disease or an accident.
The award recognises entrepreneurial initiatives that take innovative approaches to build resilient societies and realising the United Nations Sustainable Development Goals. While resilience is the core theme of this annual programme, its specific focus changes from year to year.
The Swiss Re Foundation aims to improve access to health, especially to life-saving healthcare in low-income and low-middle-income countries, and to have made basic healthcare more accessible to 1 million people by 2021.
The Swiss Re Foundation Award program involves a grant of $700,000 depending on the nature, scope and needs of the enterprise, and non-financial contributions from Swiss Re employees, such as coaching and technical advice. The prize for the winner of the Award is $350,000.
Enterprises that fit the above-described scope and meet the following criteria can apply:
• Level of maturity – Applicants are 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 are also on a clear path to full or partial financial sustainability while still requiring grants (or other support) to improve their business model, to reach low-income households and/or to attain full financial sustainability.
• Innovation focus – Applicants display high levels of innovation in their product, service and/or delivery and likely use technology to deliver value to underserved populations at scale.
• Mission and purpose – Applicants have a strong social purpose while using commercial mechanisms to achieve sustainability and scale. The strongest contenders are able to demonstrate high levels of social impact and ideally to measure it reliably.
• Target group – Applicants focus on serving people living in poor to very poor communities, who should represent at least 30% of those served. They also have a deep understanding of their end-users’ specific circumstances (e.g. barriers to using financial instruments to better manage their healthcare).
• Geography – Applicants may operate in any geography, rural and/or urban. At least one of the three finalists will come from the Americas.
• Legal – Within the legal framework of the country in which they are registered, applicants should be allowed to receive grant funding from a Swiss non-governmental organisation (i.e. the Swiss Re Foundation).
How to Apply
To apply for the 2021 Entrepreneurs for Resilience Award, complete the questionnaire found here https://application.swissrefoundation.org/en/
Complete the application by 8 November 2020, 23.59 CET. Only applications completed in English and submitted by this deadline will be considered.
For more information on the Swiss Re Foundation Award visit https://www.swissrefoundation.org/our-work/key-initiatives/resilience-award/