Solve-A-Thon 2019 – ইনোভেশন ল্যাব

Solve-A-Thon 2019




Submit your proposal within 30 November, 2019

Challenge 1 

Financial inclusion has been included in the global development agenda in recent years, and developing country like Bangladesh is largely committed to promote an inclusive financial ecosystem to achieve stable economic growth as well as SDGs. Therefore, ensuring access to finance is a crucial aspect for the country. Over the last few years, Bangladesh made significant progress in Financial Inclusion as per Global Findex from The World Bank, increased from 31% in 2014 to 50% in 2017. Still, half the population have no access to formal financial system. One of the major challenges is to onboard these populations is the lack of financial education.

Lack of financial education has long been recognized as one of the major hurdles to build a financially inclusive economy. According to the Financial Inclusion Insights (2018) Program by Intermedia Research, the financial literacy rate in Bangladesh is 28%. The literacy rate has improved but the overall progress is still underwhelming. In addition, the gender gap is higher in terms of financial literacy specifically in rural areas. Citizens in our country lack basic knowledge of financial concepts and do not have the minimum education or decision making skills beneficial for their financial well-being. Financial education can empower and provide access to the formal financial system. The inclusion will create opportunities for them to improve the economic state and instilling savings behaviour among the citizens that would act as safeguards against financial shocks. In the context of our country, it is fundamental to introduce basic financial education at an early age in order to familiarize youth with the concept of savings, financial services, and others. Uplifting the status from LDC to developing country, Bangladesh exposes remarkable socio-economic development and targets to emerge as a developed country by 2041 that requires future-ready human resource and economic risk factors minimized. However, traditional approach and techniques embedded in existing education system limit national prosperity of the country. Therefore, 36 million adolescents of Bangladesh needed hands-on financial education to pave the way for bringing them into mainstream financial activities.

Problem Statement

Financial Education: A Prerequisite to Build an Inclusive Financial Ecosystem.

The Challenge

Youth mind always enjoy creative content to learn and adapt something faster. Interactive audio-visual, info graph, board game, strategy game is now trending element currently worldwide. Create interactive content for the youth (Age14-20) to sensitize them about the core concepts and enhance awareness about the benefits of using financial services.  However, it is needed to understand the behaviour of youth how they respond learning with different gamified interactive tools and design accordingly in regional context of Bangladesh.

Intended Benefits

  • Familiarize youth with the basic concept of basic financial system
  • Introduce basic earning, expenditure, savings, debt, interest, banking, inflation etc
  • Introduce using digital financial services & use in different context
  • Develop awareness about financial security, online transaction, safety & secure transaction
  • Opening the path to be financially included at an early stage

Judging Criteria

The prize will be awarded, at the end of the contest, to the application who in the opinion of the jury demonstrate a solution (encouraging a system prototype demonstrated in an operational environment) that best addresses the cumulative criteria for “Efficiency”, “Reliability” and “Innovative Design”. The following criteria are available but not limited options for the jury:

  • The proposed solution should have a minimal negative impact on the environment; sustainability will be considered throughout the whole life-cycle of the proposed solution.
  • The proposed solution is expected to be at a working prototype stage and be demonstrated.
  • The proposed solution is expected to be easily deployable, configurable and disposable, with only minimal human intervention required in the operational environment. In this sense, interactive platform, gamification etc. will be preferred.
  • Robustness of the materials used in each component of the device (if any) should be able to withstand the conditions expected in the relevant environment (e.g. temperature, pressure, humidity) for the desired amount of time.
  • Contextual analysis of rural area’s financial literacy must reflected in the proposed solution.
  • Compliances with inter-operability standards will be considered as an asset.
  • Business feasibility and nation-wide scale up plan needs to incorporate in the proposed solution.

 

Submit your proposal within 30 November, 2019

Challenge 2

The agricultural sector in the CHT employs 75 percent of the population. Integrated Farm Management – Farmer Field School (IFM-FFS) follows adult agricultural education which leads to increased productivity and profits; thus, contribute towards empowerment of marginal and small farmers and thereby enabling them to be better in charge of their lives and circumstances. Decentralization of extension services are important to reach dispersed CHT farmers. UNDP with support from partners in CHT found a way to address the decentralization of extension services through utilizing the IFM-FFS learning approach and connecting the project and public developed service delivery options at local communities. Thereof the UNDP with support from partners in CHT, is a pioneer and have been implementing IFM-FFSs in CHT from 2010 and to date 3071 IFM-FFSs were established with enrollment of 74,151 farmers (of them 55% women) for 18 months learning cycle at each community. A total 1319 Farmer Facilitators (FF) (of them 30% women), selected from local communities and developed through Season Long Learning Courses to run those IFM-FFS. A recent assessment refers that IFM-FFS farmers increased their annual agricultural income by 52.7% and annual net income increased by 24.3%. The rate of increase in crop yield among beneficiary farmers was found for vegetable (54%), rice (41%), fruits (31%), chili (57%), ginger (30%) and the productivity of milk, chicken egg and duck egg of the beneficiary farmers increased over 50% from baseline.

 

Unfortunately, inadequate presence of service delivery options, absence of Agro processing industries, poor business enabling environment, poor distance and digital connectivity, fragile market structure dominated by cartels of middlemen (Bepari) is hindering growth in Agricultural sector in CHT. CHT farmers need more shortened and efficient supply chain to reach their consumers living in densely populated cities in Bangladesh. An effective intervention in regard would benefit the CHT farmers and the economy tremendously.

 

Problem Statement

Supply Chain System for CHT Farmers/Agricultural Produces.

Intended Benefits

The GOB has taken significant steps towards development to achieve SDGs. The proposed Solution should facilitate through Pilot Demonstration Program with a view to replicating the solution throughout the country.

The Solution will bring forth the following benefits

  • Strengthen the agricultural value chain in CHT area as well as throughout the county.
  • Create broader market access for CHT farmers.
  • Ensure the good value of agricultural produces and help to avoid harassment by Bepari.
  • Increase profit margin of agro business in CHT.
  • The Solution can also lead to cost savings in cultivation for CHT farmers.
  • The solution may help to living a better life for CHT people.

Judging Criteria

The prize will be awarded, at the end of the contest, to the application who in the opinion of the jury demonstrate a solution (encouraging a system prototype demonstrated in an operational environment) that best addresses the cumulative criteria for “Efficiency”, “Reliability” and “Innovative Design”. The following criteria are available but not limited options for the jury:

  • The proposed solution should have a minimal negative impact on the environment; sustainability will be considered throughout the whole life-cycle of the proposed solution.
  • The proposed solution is expected to be at a working prototype stage and be demonstrated in a relevant environment. This development stage refers to the sensor device, including data acquisition, collection, transmission, readiness, dispersion, analysis, report generation, user management, etc.
  • The proposed solution should operate autonomously throughout the required period of time, accounting for irregularities in the energy source, environmental conditions, and decay of materials.
  • The proposed solution is expected to be easily deployable, configurable and disposable, with only minimal human intervention required in the operational environment. In this sense, remotely controlled or self-tuning devices (if required) will be favored.
  • Robustness of the materials used in each component of the device should be able to withstand the conditions expected in the relevant environment (e.g. temperature, pressure, humidity) for the desired amount of time.
  • Contextual analysis of CHT area must reflected in the proposed solution.
  • Data quality must be ensured
  • Compliances with inter-operability standards will be considered as an asset.

 

Schedule

Registration information Publish: 11/11/2019
Registration Begins: 12/11/2019
Registration Close: 30/11/2019
Short listed applicant list publish: 01/12/2019
Demonstration begins: 02/12/2019
Demonstration ends: 02/12/2019
Award/Prize announces: 02/12/2019
Ceremonial event: 02/12/2019

 

Eligibility

Who Can Participate

The contest is open to any legal entity (including natural persons) or group of legal entities.

Who Cannot Participate

Participants will be excluded if they are subject to an administrative sanction (i.e. exclusion) and are in one of the following situations:

  • bankrupt, being wound up, having their affairs administered by the courts, entered into an arrangement with creditors, suspended business activities or subject to any other similar proceedings or procedures under national law (including persons with unlimited liability for the participant’s debts)
  • declared in breach of social security or tax obligations by a final judgment or decision (including persons with unlimited liability for the participant’s debts)
  • found guilty of grave professional misconduct by a final judgment or decision (including persons having powers of representation, decision-making or control)
  • convicted of fraud, corruption, involvement in a criminal organization, money laundering, terrorism-related crimes (including terrorism financing), child labour or human trafficking (including persons having powers of representation, decision making or control)
  • shown significant deficiencies in complying with main obligations under a procurement contract, grant agreement or grant decision financed by the GoB (including persons having powers of representation, decision-making or control)
  • have misrepresented information required for participating in the contest or fail to submit such information
  • were involved in the preparation of the prize documents and this entails a distortion of competition.

Prizes

The winner of this competition will win a prestigious certificate, crest & prize money for his proposed solution. Beside these the winner may also consider for the a2i innovation fund (terms and condition apply).

 

Documents

The mandatory supporting documents will be set out in the application form.

Participants may be asked at a later stage for further documents (for legal entity validation, bank account validation, ethics review, declaration of honour on exclusion grounds, etc.).

Submit your proposal within 30 November, 2019