Each strategy must involve local leadership and management into the operations of the social enterprise by integrating local place-based ownership and relying on locally driven design, development, and deployment in its programs or services. In addition, these enterprises should fill gaps in existing value chains, or otherwise combine a variety of complementary and existing efforts into a comprehensive and integrated approach to solve the intended challenge.
The application timeline for the fellowship runs from October 17, 2013, to May 31, 2014. Applicants must be between the ages of 18 and 39 on the date the application closes (May 31, 2014). Winners will be selected by a blue ribbon panel of judges and formally announced at the 2014 World Food Prize Borlaug Dialogue in Des Moines, Iowa. Each of four fellows will receive $80,000 in start-up funds and $70,000 for living and transportation expenses (a total of $150,000) for one year.
During their first year of activity, fellows will be required to submit quarterly update reports to the World Food Prize.
More information on the 40 Chances Fellows website: http://www.40chances.com/fellows/