Please note that the details of this Challenge are no longer open. This challenge is withdrawn and is no longer accepting new submissions. You can:
Challenge Lending to Business Owners Who Were Denied a Microloan
Lending to Business Owners Who Were Denied a Microloan
Award:  $40,000 USD
Deadline: Withdrawn
Active Solvers: 877
Posted: Mar 29 2012
Challenge ID: 9933038
Team Project Rooms are available on this Challenge. Team Share Challenge Share

This Challenge, sponsored by ACCION Texas Inc. (, is looking for a tool for risk assessment of people and organizations that were denied a microloan for their business. 

This Challenge requires only a written proposal


This Challenge, sponsored by ACCION Texas Inc. (, is looking for a new, standardized tool to provide an alternative risk assessment of those who would otherwise be denied a business microloan.  

This is a Theoretical Challenge that requires only a written proposal to be submitted.  The Challenge award will be contingent upon theoretical evaluation of the proposal by the Seeker. 

To receive an award, the Solvers will have to transfer to the Seeker their exclusive Intellectual Property (IP) rights to the solution.  However, the Seeker will be willing to consider a licensingagreement for a partial award if exclusive IP cannot be transferred by the Solver.

What is InnoCentive?
InnoCentive is the global innovation marketplace where creative minds solve some of the world's most important problems for cash awards up to $1 million. Commercial, governmental and humanitarian organizations engage with InnoCentive to solve problems that can impact humankind in areas ranging from the environment to medical advancements.

What is a Theoretical IP Transfer Challenge?

An InnoCentive Theoretical Challenge builds upon an idea but is not yet a proof of concept. A solution to a Theoretical Challenge will solidify the Solver's concept with detailed descriptions, specifications and requirements necessary to bringing a good idea closer to becoming an actual product or service.

This Challenge is a Theoretical-IP Transfer Challenge, meaning that Solvers must relinquish all rights to the Intellectual Property (IP) for which they are awarded. By contrast, Theoretical-Licensing means that the Seeker is requesting non-exclusive rights to use the winning solution. For these forms of a Theoretical Challenge, Solvers that do not win retain the rights to their solution after the evaluation period is complete. The Seeker retains no rights to any IP not awarded.

Share This Challenge
Challenge Referral Program
Earn $4,000 USD for referring the winner of this Challenge!
InnoCentive Trust Partners