The World Challenge is organized annually.
It is currently seeking nominations for innovative projects or ideas that demonstrate an entrepreneurial spirit working for the benefit of the community whilst adopting a responsible approach.
The winner of the challenge will receive a grant of US $20,000 and the second and their finalist will receive a grant of US $10,000.
The grants can be used by the winners for their own use and furtherance of their enterprise only.
In addition to this, the winners will also have the opportunity to attend the ceremony to receive the grants.
This ceremony will be held in the Netherlands and it will be filmed and telecast on the BBC World News channel.
Note: This is a competition and one must enter the completion in order to have a chance to win the grant.