This competition, which is open to groups and organisations across the world, is a quest to find new models of global cooperation capable of handling global risks and will award prize money for the best ideas that re-envision global governance for the 21st century.
The Foundation has a total of US$5 million that it will give in awards in 2017.
The most distinguished entry will receive an award of at least US$1 million.
The prize allocation may also include smaller awards for particularly innovative entries that do not amount to an entire global framework but contain novel partial solutions, such as the composition of a specific decision-making body.
The Global Challenges Foundation, which was founded in 2012 by the Swedish financial analyst and author Laszlo Szombatfalvy, has created the Global Challenges Prize 2017: A New Shape.
The Foundation is based on the belief that global challenges require global solutions and new forms of international cooperation are urgently needed in order to secure acceptable living conditions for future generations.
The Foundation aims to incite deeper understanding of the most pressing global risks to humanity and catalyse new ways of tackling them by offering the Global Challenges Prize. In 2017 the Foundation will award $5 million (US dollars) in awards for ideas that re-envision global governance for the 21st century.
No specific restrictions are stated. Applicants are advised to contact the Foundation with any questions about the eligibility of their submission.
Applications will be accepted from anyone including individuals, groups of individuals, universities, companies or associations located anywhere in the world.
To be eligible, applicants (or one nominated individual representing an organisation) must register as a contact person.
Applicants can submit multiple applications as long as they all address the prize’s criteria.
The funding is for applicants who have designed new models or frameworks of governance and models of international cooperation which are able to effectively address the most pressing threats and risks to humanity, including the interlinked risks and problems of:
- Climate change (and other large-scale environmental damage).
- Violent conflict (including nuclear and other weapons of mass destruction).
- Extreme poverty.
- Expected continuing rapid population growth.
The competition is not looking for blueprints for solving the individual issues in question, or to avert specific risks. Rather, entrants should focus on designing a decision-making structure or framework that could galvanize effective international action to tackle these risks. The proposed model may encompass an entirely new global framework or a proposed reform for existing systems.
Applications will be assessed against the following criteria:
- Core Values - Decisions within the governance model must be guided by the good of all humankind and by respect for the equal value of all human beings.
- Decision-Making Capacity - Decision-making within the governance model must generally be possible without crippling delays that prevent the challenges from being adequately addressed.
- Effectiveness - In order to effectively address the global challenges and risks, the governance model must include means to ensure implementation of decisions.
- Resources and Financing - The proposed governance model must have sufficient human and material resources at its disposal, and these resources must be financed in an equitable manner.
- General Security - The governance model must guarantee international security and prevent disputes from escalating into war or other large-scale armed violence. Nations and ethnic groups must be guaranteed protection from external attack and must receive assistance in handling internal disputes fairly.
- Flexibility - A successful governance model must allow revisions and improvements of its structure and components.
- Accountability and Transparency - It is a fundamental requirement of a successful governance model that it performs the tasks it has been charged with, and that decision-makers can be held accountable for their actions. This includes mechanisms against abuse of power, which can invalidate decisions and actions that exceed the mandate of the governance model, and which can step in when it is clear that decision-makers and relevant institutions are not doing their job correctly. This requires transparency and extensive insight into power structures and decision-making processes.
Details of future rounds will be reported as they become available.
Full applications can be submitted between 15 February 2017 and 24 May 2017 and should include:
- A 1,000 word abstract.
- A 5,500 word description of the model.
- A 2,750 word argumentation demonstrating how the model meets the assessment criteria.