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Development Marketplace

Available in: Türkçe

The Development Marketplace (DM) is a revolutionary way to identify and fund the best ideas in development from around the world. It is a search for cutting edge solutions to some of the most pressing social and economic concerns of our time. The DM seeks to find solutions beyond established channels through an open, transparent, and competitive process with minimum cost and bureaucracy.

Practically speaking, DM brings visionaries and entrepreneurs together in an Innovation Competition where they “sell” their ideas to groups that can provide financial and or technical assistance support. DM applies venture capital approaches to meet the challenges of development. Making small investments in multiple projects diversifies risks, and seeds numerous new approaches to resolving problems. It is a low-cost, low-risk way of identifying ideas that work on the ground and have the potential to be scaled up and meet urgent needs.

DM encourages the development community to work in new ways. It draws people and institutions with varied affiliations and objectives (NGOs, government agencies, donor agencies, academic institutions, and private sector companies) to work in partnerships to find solutions.

Related Links:

Global Development Marketplace 2007

Turkish winner in Global DM 2006 - ROÇ Energy

Turkish winner in Global DM 2004 - Dr. Ahmet Türer

Turkey Development Marketplace 2005 (Turkish)

Development Marketplace Website

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