At the recent Campus Party Brazil in São Paulo, Telefonica launched a new competition to promote and support social entrepreneurs in Brazil: Desafio de Tecnologias que Transformam, in English, the Technologies for Change Challenge.
Through the initiative, Telefonica will seek out entrepreneurs with ideas that promote social benefit. The contest is specifically geared towards projects related health, education, volunteering, income, natural disasters and NGOs.
The competition is divided into three stages. In the first stage, applicants have until March 3rd to create and submit two-minute videos presenting their ideas. The top 80 submissions will be selected and announced on March 18th to move on to the second part of the contest, during which candidates will have to turn their ideas into business pre-projects. On April 15th, Telefonica will announce the top 30 projects still in the running.
During the final stage of the contest, the top 30 will present their projects live, and a list of 10 winners will be announced on July 1st. The victors will receive grants of up to US$5,000 (R$10,000) each to develop their concepts, and the remaining candidates will have the opportunity to have their ideas directed to a crowdfunding platform.
Applications for Desafio de Tecnologias que Transformam are now open. To learn more and submit your idea, visit www.tecnologiasquetransformam.org.br.