HRA INVESTOR TANK
Igniting Diaspora Innovation
Presented by Diaspora Partnership Accelerator (DPA) and funded by USAID
USAID is launching the "HRA INVESTOR TANK: IGNITING DIASPORA INNOVATION," an initiative offering diaspora organizations with existing projects in Haiti an opportunity to pitch their concepts to a Technical Evaluation Committee (TEC) during a live virtual event for a chance to win $150,000 USD. As part of this initiative, HRA is recruiting diaspora organizations with projects in Agribusiness, Health and Shelter (housing development) to participate for a chance to win. Fifteen (15) finalists will be selected to pitch their projects at the live virtual event to be held in OCTOBER 2021. During the event, the TEC will select three winners—one from each sector—based on feasibility, scalability, and impact. USAID will award $150,000 USD to each winner to implement their respective project in Haiti. The Haitian diaspora community at large is also invited to join and vote for their favorite projects during the live virtual event.
HRA is hosting a session via Zoom on July 27th at 6-7PM EST. We will provide more information and answer questions about the competition and the initiative. Registration is required to participate.
Applications are now open!
Applications are open until August 16th.
The Diaspora Partnership Accelerator (DPA) is a pilot project designed to bring new voices and perspectives to the Bureau of Humanitarian Affairs (BHA) at the USAID overall diaspora engagement strategy. Putting Diaspora in the driver’s seat…” Haiti Renewal Alliance (HRA) is rolling out a diaspora outreach and communications strategy to recruit applicants with projects in Shelter (housing development), Health and Agribusiness from the larger Haitian diaspora community to participate in a virtual pitch event, “HRA Investor Tank: Igniting Diaspora Innovation”, presented by Diaspora Partnership Accelerator (DPA) and funded by USAID
Diaspora organizations working in Haiti have a huge opportunity to benefit from this initiative. This model follows HRA’s signature “Investor Tank” series, inspired by the hit show “Shark Tank.” HRA’s “Investor Tank” has been a constant feature of its annual expo and conference. The “Investor Tank” targets diaspora organizations with existing businesses or development projects, seeking funds from grantors, diaspora investors, or venture capitalists.
HOW TO APPLY
Shelter, health and agribusiness
Nonprofit, as well as For-profit, diaspora organizations are invited to apply to be on the HRA INVESTOR TANK: IGNITING DIASPORA INNOVATION for a chance to be selected to pitch your projects. Applicants must adhere to the eligibility requirements outlined.
To participate, diaspora organizations will submit an online form which includes a two to three page executive summary addressing specific questions on their existing in-country projects including humanitarian assistance features. HRA and partners have developed the project selection criteria based on the TEC proposed guidelines including, but not limited to:
- Must be a diaspora organization located in North America (USA and Canada)
- Must operate outside of PAP metropolitan area
- Must be a Non-Profit 501(c)(3) or For-Profit
- Must be in one of these sectors:
- - Health
- - Agribusiness
- - Shelter (housing development)
- Must have a minimum two (2) years in business
- Must be an existing project looking for funding for growth and expansion
$150,000 Per Project
Diaspora Partnership Accelerator (DPA)
The Diaspora Partnership Accelerator (DPA) is a pilot project designed to bring new voices and perspectives to the Bureau of Humanitarian Affairs (BHA) at the USAID overall diaspora engagement strategy and sit at the table with BHA in order to (i) better identify and prioritize the humanitarian needs affecting vulnerable communities, (ii) design and implement better solutions to those problems, and (iii) test an innovative partnership model with new and non-traditional actors. Consequently, this pilot’s direct engagement of diaspora organizations speaks directly to USAID’s push outlined in the Journey to Self-Reliance and the New Partnerships Initiative.
The aim of this Project is to unlock the barriers of direct engagement with diaspora communities. Historically, donor’s stance towards diaspora engagement has been top-down and “supply-driven”. BHA aims to attract diaspora towards the Bureau through invitations to diaspora calls, roundtables, and outreach events. BHA aims to influence diaspora’s donations practices. While important and necessary, these efforts have been largely one-sided. This pilot adopts a “bottom-up” approach to diaspora engagement by putting diaspora in the driver’s seat and having BHA respond to the priorities, needs, and capacities they identify. At its core, the pilot is designed to engage diaspora in a substantive and meaningful fashion throughout the entirety of the programming cycle. This partnership model empowers diaspora, in conjunction with affected communities in their countries of origin, to identify and design solutions for the humanitarian problems affecting their environments.
Our Event Structure
HRA INVESTOR TANK: IGNITING DIASPORA INNOVATION
USAID is rolling out a diaspora outreach and communications strategy to recruit applicants with projects in Agribusiness, Health and Shelter (housing development) from the larger Haitian diaspora community to participate in a live virtual pitch event:
- 15 Haitian diaspora associations finalists will pitch their projects to an audience composed of a Technical Evaluation Committee (TEC) and the members of the Haitian diaspora at large. After each pitch, audience members ask questions to learn more about each project.
- The TEC developed standardized criteria and indicators to select three winning diaspora-led micro-projects for implementation. The TEC is composed of technical/sectoral experts, BHA, PMCG, HRA, and private sector investors. Transparent selection criteria and partnership terms are shared with all parties in advance of the event.
- Members of the Haitian diaspora at large vote for their favorite projects during the live virtual event. This popular vote will be taken into account for the final selection made by the TEC. Ideally there will be a feature for live audience reactions and an instantaneous vote tracker.
- Projects fall into three Humanitarian Assistance(HA)/Disaster Risk Reduction (DRR)/Disaster Risk Management (DRM) sectors: Health, Shelter, and Agribusiness (with 5 pitches per sector). Three winning diaspora associations who offer innovative solutions to humanitarian challenges will be selected for implementation. Prize money of $150,000 and capacity building/mentorship support will be awarded for each of the three Diaspora micro projects.
SUBMIT THE FORM
How do I apply?
HRA’s signature session, “Investors’ Tank”, inspired by the hit show "Shark's Tank", is for diaspora organizations with existing businesses or development projects seeking funding from grantors, Diaspora investors or venture capitalists.
To participate, diaspora organizations will submit a two (2) to three (3) page executive summary addressing specific questions on their existing in-country projects including humanitarian assistance features. HRA and partners will develop project selection criteria based on the TEC proposed guidelines including, but not limited to:
Includes the hospitals, sanatoriums, nursing and care homes, medical and dental practices, ambulance transportation, complementary medicine and other health activities, such as medical laboratories and scientific and research services,
The shelter sector during emergencies supports people affected by disasters and internally displaced people affected by conflict with the means to live in safe, dignified and appropriate shelter, such as buildings and structures that provide shelter, privacy, and protection from danger or bad weather.
A combination of the words “agriculture” and “business” and refers to any business related to farming and farming-related commercial activities.