MetLife Foundation is running MetLife Foundation Inclusion Plus Competition, which offers a unique opportunity to advance social entrepreneurship in the financial inclusion space and involve a variety of key stakeholders who are devoted to working collaboratively and providing sustainable solutions for financially excluded populations.
Competitors will submit a product, service, program or innovative solution to improve financial health and well-being for low- and moderate-income people in Bangladesh. The innovation should demonstrate that it will improve people’s access to and/or adoption and usage of financial products and services. Example entries could include, but are not limited to, new payment products and technologies, approaches to improve basic cash flow management, innovations in lending, savings and insurance, new programs aimed at action-oriented education and awareness and financial technology innovations that enable consumers to take advantage of new opportunities and achieve their short- and long-term goals.
Top ventures will receive personal feedback from MetLife judges and will work one-on-one with mentors. Projects advancing in the competition will have the opportunity to gain media exposure and compete for funding.
At the final pitch event, five finalists will receive grants in USD: 1st place 50 000 USD, 2nd place: 25 000 USD, 3rd place: 12 000 USD, 4th and 5th places: 5000 USD; People’s choice award: 1000 USD, Early entry awards: 2000 USD.