Home2

Announcing winners of the 2011 India Development Marketplace. Click here for more details.

If you want to see your social enterprise scale…
If you have a focus on Bihar, Rajasthan or Orissa…
If you have an ambition to see your organization become financially sustainable and if you are looking for funds and technical support to get there…

This is for you.

The Development Marketplace (DM) is a competitive grant program that identifies and funds innovative social enterprises working on projects with high potential for development impact.

Administered by the World Bank and funded by various partners, the primary objective of the DM is to identify and support cutting-edge solutions to the most pressing social and economic problems. DM projects offer solutions that deliver results and have the potential to be replicated and/or scaled-up in a financially sustainable manner.

The DM is housed in the World Bank Institute and has, since its inception in 1998, awarded more than USD 60 million in grants to more than 800 innovative projects identified through country, regional and global competitions. Past winners of the DM in India include Dhrishtee, Vision Spring and Akash Ganga.

IFC, a member of the World Bank Group, as part of its inclusive growth agenda is partnering with DM to launch 2011 India Development Marketplace focused on social enterprises.

Find out more on the India Development Marketplace Competition.

Case Studies

Rangsutra

Envisaged as a bridge between artisans and consumers, Rangsutra works with small producer groups based in remote villages and towns in around 9 locations across the Indian states of Rajasthan, Uttaranchal and Assam. It strengthens economic security in vulnerable communities by empowering members to create top quality hand made products which are then sourced and marketed to urban consumers through leading retailers.

read more

  • Quote Rotator

    Through DM we have proposed to scale it up to different areas covering another 44,000 households where we can monitor the social security scheme. I am definitely thrilled and excited because this money will [make] us think in a different way, to upgrade our technology, our HR and streamlining our processes from a certain level to a different level. We need to build our capacity through DM.
    Mansingh Durga Prasad Nayak, Programme Director, (WOSCA)
    We feel honoured, we are a young enterprise and being recognized by an institution like World Bank is a great feeling. We are pretty enthused to move ahead in a comparatively faster manner...we are looking forward to the coming 24 months when we are going to get various kind of inputs.
    Devendra Shukla, Chief Operating Officer, Educate Girls
    DM is the beginning...it definitely feels good. It has taken a lot of thought process as to how we take reliable lighting sources to Bihar...Winning DM matters a lot...the financial support will help us to build infrastructure, develop capacity of people to implement the program [of providing quality lighting to the poor] properly in Bihar.
    Prasanta Biswal, Sr. Manager – Mission Projects, Selco Solar Lights (P) Ltd.
    As far as scale is concerned, we have understood that a lot of capacity building is required for that. Resourcing and networking [with] other agencies is also important.
    Prabitra Mishra, Programme Director, Adhikar
    Basically a start-up needs to use the grant for the costs of capacity building of community, mobilization etc. Then there is the technical, research and development cost for doing the innovation part. The third necessity is providing the market linkage to the producer groups. These are the 3 core things that social entrepreneurs [look for] and for these, funds are not available. This will be the greatest benefit of the DM.
    Ravi Chandra, Managing Trustee, Bihar Development Trust
    We are looking at this money more as in investment in infrastructure development as well as human resource development. We believe that the results of this will be seen very soon.
    Sumita Ghose, Managing Director, Rangsutra Crafts India Ltd.
    In the last 3 years we have trained and placed 10,000 people [in jobs]. In this World Bank sponsored project we are trying to train and place 10,000 people in Bihar alone.
    Nishant Saxena, CEO Elements Akademia Pvt. Ltd.

  • Twitter Feeds

Our Partners

© 2013 The World Bank Group, All rights reserved