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CISCO

CISCO Global Program Solver Challenge 2022

Fully Funded
Nov 30, 2021 - Aug 23, 2022
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6th annual Cisco Global Problem Solver Challenge is now accepting your submission. This competition aims to recognize new business ideas that leverage technology for social impact from early-stage entrepreneurs around the world. You will have a chance to receive 1,000,000 USD in prize money which will help accelerate the adoption of breakthrough technology, products, and services that drive economic development and/or solve social or environmental problems.

Cisco is committed to positively impacting 1 billion people by 2025 who seeks to inspire and empower a generation of global problem solvers.

You might also be interested in the Wheelwright Prize 2022

Why should you participate?

In addition to a cash infusion to develop your solution, Cisco technology experts and high-profile judges will review your submission. You’ll receive peer and industry validation for your solution, as well as have a great opportunity for global recognition and publicity.

How the competition works

Round one opens November 30, 2021, and closes February 11, 2022, at 5:00 pm PST. To submit your project you will need to complete an online questionnaire, which will cover the following topics:

  • Defining the problem you are solving
  • Overview of your solution
  • Benefits of your solution and how it uses digital technologies
  • How your solution is unique and will be taken to market
  • Risks associated with the solution
  • 90-second pitch video explaining the solution

Judges evaluate submissions and will prioritize the ideas that are especially innovative and articulate the use of technology, feasibility, and scale of impact.

On April 26, 2022, Semi-Finalists will get an invitation via email to submit a more detailed proposal.

The round two application window will open on April 26, 2022, and close on May 20, 2022. Finalists will be announced on July 5, 2022.

In addition to the information provided in round one, the online round two questionnaires for Semi-Finalists will include the following sections:

  • Detailed technical overview of the solution
  • Dependencies
  • Timeline for the next 12-24 months
  • also the Addressable market
  • Financial model
  • In addition, team bios

If you are selected as a Semi-Finalist, you should check that your team leader logs in to the Challenge website before the deadline to double-check all of the materials and click submit to be considered for the final round.

If you are selected as a Finalist, you should share your participation in the Cisco Global Problem Solver Challenge 2022 with your supporters and invite them to vote for their favourite entries. Voting for the People’s Choice Award takes place from July 5 – 29, 2022.

Finally, on August 23, 2022, CISCO will announce the winners!

Also check out: Life After Conflict (International Competition)

Eligibility

  1. individuals participating should be age eighteen (18) years or older at the time of registration
  2. teams should be of up to five individuals and each team member should be age eighteen years or older at the time of registration
  3. legal business entities for Business Entity Participant
  4. Individual Participants, Team Participants or Business Entity Participants that have previously received monetary awards in the Cisco Global Problem Solver Challenge or a Cisco prize at the Rice Business Plan Competition are not eligible for this Contest.
  5. you should not be an employee or internally contracted vendor of Sponsor or its subsidiaries, agents and affiliates
  6. also, the participants must not be the immediate family members or members of the same household of any such employee or vendor
  7. anyone professionally involved in the development or administration of this Contest are also not allowed to participate
  8. also, an employee cannot participate in the competition if their employer’s guidelines or regulations do not allow entry in the Contest or acceptance of the prize(s).
  9. This Contest is not open to Individual Participants who are permanent residents of the province of Quebec, Canada during the Contest period.
  10. In addition, residents of Cuba, Iran, Syria, North Korea, Myanmar (formerly Burma) and Sudan are not eligible to participate.

JUDGING CRITERIA:

the Judging Panel will make their selection based on the content of the Entries and using the following criteria:
  • The innovative digital technology aspect of solution: How innovative is the solution in its use of new or existing technology to solve a local or global problem? Are there other solutions available and if so, how does this differentiate from them? (33%)
  • Feasibility: How feasible is the solution to put into practice? Does the solution make sense financially? Will the solution be sustainable over the long term? (24%)
  • Impact: What is the scale of potential social impact? How broad is the impact? What number of people will your solution reach? How significant is the impact? (33%)
  • Clarity: How well do you articulate your solution as well as the potential impact it will have on society? (10%)

Know more about: Annual Word Press Photo Contest 2022

PRIZES:

The total value of all prizes is $1,000,000. All amounts are in United States dollars. If a potential winner is unable to participate in or accept the prize or any portion of the prize for any reason, the Sponsor shall have no further obligation to such a potential winner.
Once confirmed by Sponsor, the winner(s) will receive the following:
  • Grand Prize of USD 250,000 –  a single team
  • Regional 1st Runners-up Prizes of USD 75,000 each – three teams from America, EMEAR & APJC
  • 2nd Runners-Up Prizes of USD 50,000 each – THREE teams
  • People’s Choice Award of USD 10,000 – one winner who receives the most vote
  • Cisco Employee’ Choice Award of $15,000 USD- one team
  • HBCU Startup Prize of $50,000 USD- only one team will win this award
  • Climate Impact and Regeneration Prizeof $100,000 USD – 1 winner team
  • In addition, Climate Impact and Regeneration Prize Runners-Up of USD 50,000 each for four team

For Team Participants, the Team Leader will get the prize amount; the official representative specified in the winning entry. The Team Leader will have sole responsibility for further distribution of any cash prizes among the individual Team Members. For Business Entity Participants, the prize amounts will go directly to the legal business organization.

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Specifications

Type of Opportunity Competitions and Awards
Event Date30 November,2021 to 23 August,2022
Deadline11 February,2022
Open toall nationalities except the above mentioned countries
OrganizerCISCO

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