Prince Talal International Prize for Human Development

Written by startup news

December 27, 2021

Prince Talal International Prize for Human Development carries a cash amount of US$ 1,000,000, certificates of recognition, and trophies. The prize amount is allocated for the winners of the Prize in its four categories. Interested candidates can participate to win this grant from all over the world.

Sponsoring Agency: Arab Gulf Programme for Development

Type of Fund: Grant

Deadline: January 15, 2022

Details:

The idea of the Prize is stemmed from AGFUND’s approach to enhance development performance and support key development projects in order to achieve the goal of sustainability and investment in people.

Since its establishment in 1999, the prize has been known as AGFUND International Prize for Pioneering Human Development Projects. Following the passing away of His Royal Highness Prince Talal bin Abdul Aziz Al Saud, founder of AGFUND, in December 2018, the AGFUND’s Board of Directors decided to rename the prize after the late Prince Talal.

This decision was taken to commemorate his lifelong dedication to the service of human development and poverty alleviation through AGFUND and the other institutions he established. Hence, the prize new name is “Prince Talal International Prize for Human Development”.

The prize amount is allocated for the winners of the Prize in its four categories as follows;

  • First category prize (US$ 400,000)
    Specified for projects implemented by UN agencies or international and regional NGOs.
  • Second category prize (US$ 300,000)
    Specified for projects implemented by national NGOs.
  • Third category prize (US$ 200,000)
    Specified for projects implemented by governmental bodies (ministries and public institutions) or social business enterprises.
  • Fourth category prize (US$ 100,000)
    Specified for projects initiated, funded, and/or implemented by individuals.

Prize Objectives:

Prince Talal International Prize for Human Development aims to:

  • Support the distinguished efforts aiming at the promotion and enhancement of human development concepts.
  • Disseminate the successful project experiences.
  • Highlight the best practices, which aim to improve the living conditions of the poor and disadvantaged with particular emphasis on women and children.
  • Enhance the exchange of experiences and develop better mechanisms to find solutions to the problems of poverty, marginalization and socioeconomic exclusion of vulnerable groups.

Eligibility Criteria

The eligible projects for Prince Talal International Prize are the development projects that are implemented in the developing countries to achieve all or some of the targets of the sustainable development goal set as the subject of the Prize.

For more information, visit AGFUND.

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