(MENAFN- Trend News Agency)
The founders and CEOs of the two crowdfunding platforms that won
the 2021 IsDB Prize for Impactful Achievement in Islamic Economics
delivered lectures at the Islamic Development bank Headquarters in
Jeddah on 12 September 2022.
Mr. Chris AR Blauvelt , the founder and CEO of
LaunchGood, and Mr. Zain Ashraf , the founder and
CEO of Seed Out, in separate presentations on their prize-winning
projects, explained how their crowdfunding platforms create social
and economic impact.
The two crowdfunding platforms won the 'Development Achievement'
category of the Prize for their innovative and impactful roles in
funding projects that advance the principles of Islamic Economics.
LaunchGood won the first prize of US$100,000, while Seed Out won
the second prize of US$70,000.
During the lectures, Mr. Chris AR Blauvelt and Mr. Zain Ashraf
shared their experiences and the motivations that led to the
creation of their two platforms. They showed how crowdfunding can
lead to a significant and wider impact for better socio-economic
development and help realize the potential of people.
The two founders/CEOs believe that crowdfunding support works
more from appeal to hearts than the mind.
LaunchGood is a crowdfunding platform that harnesses technology
to bring the Islamic value of charity into the contemporary and
digital space. Seed Out is a micro-entrepreneurs crowdfunding
platform that addresses economic problems with a focus on solving
individual financial challenges.
A video recording of the lectures is available on IsDBI YouTube
channel here .
The IsDB Prize for Impactful Achievement in Islamic Economics,
coordinated by the IsDB Institute, rewards outstanding achievements
in two categories, offered in alternate years, namely (i)
Development Achievement and (ii) Knowledge Contribution, with each
category having 1st, 2nd and 3rd place awards.
The Development Achievement category comes with a cash award of
US$ 100,000 for the first prize winner, US$ 70,000 for the second
prize, and US$ 50,000 for the third prize. For the Knowledge
Contribution category, the cash awards are US$ 50,000 (first
prize), US$ 30,000 (second prize), and US$ 20,000 (third
prize).
Nominations are now open for the 2023 cycle of the prize, which
is for the Development Achievement category. More information is
available on the IsDB
Prize Portal .
MENAFN20092022000187011040ID1104894301
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.