The Innovation Challenge
The 2024 Innovation Challenge encourages the development of innovative solutions through a competitive selection process, focusing on key sustainable development challenges.
Evaluation Criteria
Degree of innovation
The degree to which an idea is novel, fully collaborative, or involves the latest technological developments
Impact of Innovation
The degree to which the solution can catalyse global or regional cooperation impact
innovation risk
The alignment of expertise of the solutions provider, to the degree of innovation of the solution
market size
The size of the market and level of competition of the proposed solution
market access & Risk
The level to which solutions providers already have access to the market of implementation and understand market obstacles
alignment to sdgs
The degree to which the proposed solution has a potential impact on the people’s subjective or objective wellbeingcontribution to ss&trc
The degree to which the solution can contribute to existing global or regional cooperation impactproject team
The degree to which the team has complementary qualifications and a strong SS&TrC Strategic AlignmentProject Plan
The measure of how precisely the methodology is formulated, key aspects have been taken into account and how key deliverables & KPIs are understoodPROJECT Cost feasibility
The degree to which calculated costs are measured to match the independently calculated costs of the projectproject cost Explanation
The degree to which project costs are accounted for, including coherence with the list of costs from the Operational Procedures.FINANCIAL CAPACITY
The level to which the Solutions Provider is able to demonstrate their own financial resources and liquidity to be able to participateFunding and Awards
Selected innovations may receive financial awards up to $40,000, not exceeding 60% of the total project budget. The Lab provides data and research support, brokerage, and co-funding to facilitate the testing and scaling of solutions.
Governance and Oversight
The governance of the Lab is managed by a Steering Committee that ensures strategic direction, execution, and accountability. An independent Selection Panel evaluates applications and selects winners.
Contact and Additional Information
For further clarifications and application submission, applicants should use the designated email address provided in the call for applications.