3427 business plan entries in the BiD Challenge

After an intensive promotion campaign, with many thanks to the effort of our devoted partners, over 3000 entrepreneurs from all over the world registered to participate in this years’ BiD Challenge. During the course of promotion we received 3427 entries from over 107 countries. Of these plans 2056 complied with the BiD Challenge criteria and were accepted to participate in round 1. An increase of 228% compared to last years' competition. The BiD Challenge 2007 consists of 1 international and 7 national competitions.

At this moment over 700 professionals all over the world are screening the round 1 business plans that were submitted to the BiD Challenge. The main objective of this screening procedure is to value the potential of the plans and to give constructive feedback to the participants. This feedback can be used in the development of the business plan before the round 2 deadline of September 3rd. Participants with the highest potential will receive assistance from a personal coach in writing a professional business plan.

Through prize money and financial commitments from the market, the BiD Challenge 2007 aims to assist in the start-up of businesses that contribute to poverty reduction in developing countries. The winners of the BiD Challenge will be announced in December.

Find out more about the BiD challenge round 1 plans and results.