Problem Statement #2:
Fundraising for the 
Sustainable Development Goals

Problem Statement

How can youths effectively fundraise for initiatives that contribute to solving the Sustainable Development Goals?

Background

To achieve the SDGs on a global scale, there is a need for the United Nations to reach through many localities, some posing higher barriers to entry than others. As a result, large amounts of funding is required to carry out effective and scalable initiatives. In order to create an impact and solve the SDGs, we must develop robust funding mechanisms.

As an example, currently, there exist such initiatives as the Sustainable Development Goals Fund (SDGF), through which the UN is working with 18 countries and funding certain SDG-related projects like “ improving the nutritional status of children via the strengthening of local production systems".

Funding must become accessible for appropriate and impactful initiatives (contributing towards SDGs). Initial amounts of funding need to be made available to such initiatives to jump-start them. In order to achieve this at scale, two issues must be addressed together:

 

(1) Appropriate funds or fundraising sources need to be identified. These funds must be willing to invest in the completion of the SDGs.

(2) We must have a method of evaluating and identifying which initiatives are legitimate and worth investment.

 

Only when we are able to complete both of the above objectives, then we can disburse funding towards sustainable initiatives, thereby giving initiatives their kickstart before they can run by themselves.

The Challenge

Participants are challenged to propose a method of fundraising that is effective, feasible, scalable, and sustainable.  

Judging Criteria

Effectiveness

How much is the method (in US dollars) able to raise? How well does your evaluation metric ensure that sustained positive impact will be exerted?

Feasibility

Can the method be implemented in reality? How well does it sit within legal and ethical boundaries?

Scalability

Can the same method be applied to other localities? Can the method grow to a larger scale quickly?

Sustainability

How much effort and resources have to be continuously put in over the long run for the method to work? Can the method be automated?

Prizes

SGD 2,000

2ND

SGD 3,000

CHAMPION

SGD 1,000

3RD

Choose your role

IDEATOR

As Ideators, you will be charged with creating effective and scalable ideas to solve the problem statements listed under each of the three Tracks. Ideators should have a passion for enacting change and for complex problem solving. 

Participants from all educational and employment backgrounds are welcome; your edge lies in your understanding of the problem areas and willingness to think clearly and ideate effectively.

REGULATOR

As Regulators, you will be responsible for ensuring the ideas generated are legally air-tight and ready to be implemented in reality for the country or locality it’s in. Regulators should have a general understanding of the rules and policies governing their locality, or have the resourcefulness to identify any legal information that may affect the implementation of an idea.

You will criticize and attempt to tear down ideas, allowing the Ideator team to grow with each passing evolution.

Participants here will generally come from a Law or Public Policy background, and/or are involved in discussions surrounding local policy.

Resources