FUNDING SOCIAL ENTREPRENEURS working to distribute proven poverty intervention solutions
Many solutions to poverty already exist, but many of these solutions are not reaching the people who need it most. D-Prize's programs create new "distribution entrepreneurs" - social entrepreneurs who start new ventures that distribute proven life-enhancing technologies to millions of people living in extreme poverty.
D-Prize was founded by Nicholas Fusso along with Andrew Youn and Paul Youn, who creatored the One Acre Fund, a social enterprise that distributes farm inputs and training to smallholder farmers, enabling them to double their income per acre. The One Acre Fund now has over 1,000 full-time staff and serves over 445,000 families. It was from the success of the One Acre Fund that they were inspired to create an organization that improved the distribution of poverty alleviation solutions beyond the agriculture sector.
The name D-Prize, stands for “Distribution Prize ” or “Development Prize”. Each year D-prize awards social entrepreneurs $20,000 to develop distribution methods of proven poverty alleviation solutions by issuing specific challenges. The person or team with the most viable solution to each challenge is awarded the funding. D-Prize has funded dozens of social entrepreneurs spanning the fields of girls' education, agriculture, energy, global health and more.
Although D-Prize has board members, advisors, and employees spread across the globe, they need a home base. Sydney Skov, D-Prize's Competition Manager, along with Co-Founder Nicholas Fusso, operates out of Covo using our dedicated desk membership program.
Covo is Sydney's first experience operating out of a coworking space. Although only 2 members of D-Prize currently work out of Covo, they have become part of the Covo community.