The Asian Development Bank and Asian Institute of Management are working together this year, understandably focusing on the COVID-19 crisis that  has wiped out trillions of dollars from the world’s economies.

The challenge faced by the world is how to bring economic activity back. The objective is to envision the new normal in light of potential long-term behavioural changes and encourage innovative solutions to address these shifts and their associated challenges.

Open to startups, students, ADB employees and the general public around the globe, tackle one or more of 3 exciting new challenges each with their own individual themes.

THE CHALLENGES:

Nowcasting the Economic Impact of COVID-19 – Big data solutions to track the real-time economic impact of COVID-19. (Closing June 26th)

Earth Observation Data Challenge – Earth observation data to monitor the economic activities in select countries in Asia (Closing June 30th EXTENSION, JULY 10TH!)

Digital Technology to Increase Credit Access for MSMEs – Increase credit access of MSMEs by exploring alternative credit scoring mechanisms to create a better picture of creditworthiness of entrepreneurs in a post-COVID-19 world. (Closing June 30th EXTENSION, JULY 10TH!)

WHAT ARE THE AWARDS?

• Win USD 10,000 for pilot testing chosen solutions

• Connect with ADB experts and pitch to ADB leaders.

• Gain ADB support to undergo incubation and access funding sources to implement solutions.

APPLICATION PHASE:

1. Register on the main landing platform.

2. Click the blue “Participate” button on your chosen challenge platform.

3. Submit your team introduction and pitch deck by the challenge deadline.

Please proceed to the ADB-AIM Hackathon landing platform in order to complete your registration and be a part of the challenge. #DigitalAgainstCOVID19