FAQ

HOW DO I APPLY?
Please fill up the online application form here.

 

CAN I SUBMIT MORE THAN ONE IDEA? AND UNDER MORE THAN ONE THEME?
Yes.

 

DO I HAVE TO SUBMIT A CITY-SPECIFIC IDEA OR A GENERAL IDEA ADDRESSING A THEME OF UIC?

We encourage city-specific ideas. If you submit a general idea, you must mention the city where you will implement it during incubation.

 

WHEN IS THE APPLICATION DEADLINE?

30 August, 2018 (Bangladesh time 11:59 pm).

 

WHEN WILL I GET TO KNOW THE STATUS OF MY APPLICATION ?

We will announce shortlisted ideas on September 10, 2018.

 

CAN I PARTICIPATE IN THIS CHALLENGE?

You can if you are an entrepreneur, a young professional or a student. Only teams can apply. Please note that half of your team needs to commit full time to develop the business during incubation period, so for students, we encourage people who are in the 4th year of undergraduate study or masters to apply.

 

WHAT IS THE MAXIMUM  & MINIMUM NUMBER OF MEMBERS IN A GROUP?

Minimum number of team member is 2 and Maximum number of team member is 4.

 

CAN A TEAM OF PROFESSIONALS APPLY?

Yes, as long as 2 co-founders of your team can fulfil our minimum time commitment (40 hours/week) during the incubation phase.

 

I AM A STUDENT AND MAY NOT BE ABLE TO MEET THE TIME COMMITMENT REQUIRED DURING THE INCUBATION PHASE? CAN I STILL APPLY?

If you cannot meet the requirement, we advise you to team up with entrepreneurs/ professionals/ other students who can do so. At least, 2 of the co-founders of your team must commit full-time during the incubation phase.

 

DO THE TEAM MEMBERS HAVE TO BE FROM THE SAME INSTITUTION OR ORGANISATION?

No. It would be great if you form a well-rounded team with diverse expertise.

 

HOW MANY TEAMS WILL BE SELECTED AS WINNERS?

5 teams.

 

IS THERE ANY PARTICIPATION/REGISTRATION FEE?

No.

 

DO I HAVE TO FILL UP THE FORM IN ENGLISH?

You can fill it in either English or Bengali.

 

WHERE CAN I GET MORE INFORMATION ON THE CHALLENGE?

For more information, you can stay tuned to our facebook page. You can also email us at: uic@brac.net.

 

HOW WILL YOU CONTACT WITH ME IF MY IDEA IS SELECTED?

You will be notified via e-mail.

 

IF MY IDEA IS SELECTED, WILL I HAVE THE SOLE RIGHT TO WORK ON IT OR BRAC WILL INHERIT THE COPYRIGHT?

You will have complete right over your idea. BRAC is here only to support and guide you.

 

What’s in it for you?

1.Win BDT 500,000 as seed-funding from BRAC

2.Develop and test your solution with the world’s biggest development organisation

3.Receive hands on training on Human Centred Design, Prototype Development, Legal affairs, Financial Projections and Company Valuations

4.Get access to BRAC’s network, infrastructure and sector expert mentors

5.Pitch to BRAC’s investment committee to get further investment

 

I’M BASED IN CHITTAGONG, BUT MY IDEA IS ADDRESSING A PROBLEM IN DHAKA. WILL IT BE ACCEPTABLE TO ADDRESS A PROBLEM OF ANOTHER CITY?

We encourage you to work on problems in your own city. If you win the challenge, you have to implement your idea in your city during incubation.

 

MY TEAM MEMBERS ARE LIVING IN DIFFERENT CITIES. CAN I WORK WITH A SOLUTION THAT WILL BE IMPLEMENTED IN ANY OF THE CITIES THEY LIVE IN?

You must implement your idea in the city where your team leader lives.