The Social Equity Venture Fund (SEVEN), just launched a competition to develop new indicators and models for investment in emerging market small and medium-sized enterprises. The competition is open to everyone, and is offering $50,000 in funds awarded for the best ideas. Entrepreneurs in developing markets often cite a lack of financial capital as the biggest barrier to growing their business. This competition, and its results, are one concrete step in demonstrating the power of entrepreneurship, and business, as a sustainable solution to world poverty.

To participate, contributors may submit their ideas until November 15. Here is a link to the submission site. The second phase of wiki-based collaboration takes place between November 16 and December 15. The online VINE community will select finalists and a jury of experts will award the grand prize.

This competition was funded through a grant from the John Templeton Foundation.

Here is a link to get additional information about the S.E.VEN Fund.

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(pooja on Jul 24, 2008 5:50 AM) Hi , This is Ayesha Lakhani, great to see you taking this initative. I am also serving a similar cause on Endpoverty by 2015 in India. I am voluntarily working with the United Nations on its Millennium Development Goals. Join this and check the latest discussion on Poverty Line........ http://www.orkut.co.in/Community.aspx?cmm=47234928 thanks.