Innovation Challenges

CAN YOU AND YOUR TEAM BUILD A MODERN CASH PAYMENT SOLUTION FOR ADB EMPLOYEES?
Are you ready to revolutionize ADB’s staff payment interactions? This is your chance to work on a digital wallet solution that will change the way we make purchases, transfer funds and earn points within the bank and beyond.
We are looking for startups and students all across APAC to propose ideas and present solutions on how to tackle this challenge.
ADB wants to provide better user experience to a multicultural workforce in ADB who deal with the inconvenience of carrying cash to transact in the Philippines or abroad.
ADB employees currently use a closed-loop cashless payment system that allows them to purchase goods from vendors within the ADB Food Services outlets. To date, there are less than 200 users, and at a time of active promotions, it reached beyond 300 users.
Around 5000 staff/contractors/consultants/dependents/visitors mostly use cash for their daily transactions. There are about 40 food services, laundry, courier and other merchants in ADB HQ that can use the future innovative payment solution.
HOW CAN YOU ENCOURAGE STAFF, CONTRACTORS, CONSULTANTS, DEPENDENTS AND VISITORS TO USE MORE DIGITAL SOLUTIONS?
Your solution should meet at least one or several of the below requirements
Some valued bonus points will be added if the solution also answer one or several of the following:
ADB
This Challenge is open and offered solely to the below profiles all across the world:
All the documents that may confirm the Participant’s eligibility may be required prior to awarding any prizes.
This Challenge is not open to employees and representatives of the Sponsor and the members of their families.
This Challenge is void in countries where it is prohibited or restricted by law.
Participation in the Challenge must be as a team or as a Startup.
The goal of the Challenge is for Participants to submit contributions (or projects) meeting the requirements determined by the Sponsor in the Challenge brief, and that are formalized by deliverables. The brief includes information regarding various deadlines, details of the prizes, Sponsor requirements etc. (the “Brief”). The Brief is accessible through the Challenge website.
Challenge Rounds. The Challenge consists of several rounds:
Deliverable. If a Participant does not upload a Deliverable on the Challenge website before the deadline, this will be considered as a withdrawal from the Challenge. The Participant may not join the Challenge, and may not obtain any compensation from the Sponsor.
Selection Criteria. Deliverables will be judged according to the Selection Criteria, described below. You agree and acknowledge that the Challenge relies on your creativity, capacity, ability, and ingenuity to solve difficult problems. The Challenge does not depend, even partially, on chance or luck, and therefore should not be considered as a lottery. Under no circumstances are factors such as appearance, religion, membership in a trade union, political opinions or sexual orientation considered.
Notification to Participants. Once the selection has been completed, Participants will be notified by email, phone, or by other means of the results of each Round. The Sponsor will be free to alter the dates on which results are released should this become necessary due to the number of projects to be assessed. The ranking decided by the final jury will be announced on the day that presentations are made and will identify the Participants that are finalists.
All Round One Deliverables must be submitted before August 16th, 2019 11.59AM. Deliverables must meet the specifications set out in Section 6, above, and include:
Up to 10 slides including:
Selection phase following Round One will proceed as follows:
Criteria based voting
“Criteria-based” voting will take place from August 16th to August 20th, 2019
The voters (Sponsor members) (the “Voters”) may evaluate and select the Deliverables based on their content and the following criteria:
Except as otherwise provided below, the (5) Participants with the highest score at the end of this vote will win this vote and proceed to the next round.
Participants who have been selected to participate in the Final Round will be directly notified by email to the address provided during registration. In the event a Participant does not confirm his/her attendance at the final event, the Sponsor reserves the right, at its sole discretion, to disqualify this Participant. This disqualification shall not entitle the Participant to claim any kind of compensation from the Sponsor. Regarding Student teams, 2 members at least need to attend the Final Hackathon in order to be eligible for the Final Round.
At the end of the Final Round, the jury will choose the winning projects and will rank the finalists.
PRIZES
The prizes are awarded to the winners of the Challenge and are subject to compliance with the following cumulative conditions:
No prize will be awarded to winners who do not fulfil the above conditions.
Subject to these Terms and Conditions, once confirmed by the Sponsor, the winner(s) will receive the following:
Each member of a Participant Team will receive its own prize.
No assignment or transfer of prizes is allowed by a winner. If a potential winner cannot be reached, is unable to accept the prize or any portion of the prize for any reason, the Sponsor shall have no further obligation to such potential winner. The Sponsor will not replace any lost or stolen prizes after being awarded to winners. Winners will accept the prize “as it is”. The Sponsor disclaims any warranty regarding the Prizes.
In the event a Participant (a winner) cannot be reached, by email or by phone, for more than three (3) months after the first attempt to reach them was made, he/she will be deemed as having waived their right to claim the prize and will not be entitled to any prize or any kind of compensation.
If the prize as initially planned is unavailable, the Sponsor will be free to substitute another prize of similar value. Any such decision is at the Sponsor’s sole discretion.
Any Participant who does not fulfil the conditions of Participation as provided in the Rules during their registration and/or at any time during the Challenge will be summarily disqualified from the Challenge without prior notice and will not be entitled to any prize. In the event that a prize is awarded to a Participant who does not meet the conditions of Participation when registering or throughout the duration of the Challenge, the Sponsor reserves the right to require the Participant to return the awarded prize.
Your application starts here.
To take part in the Challenge, we must receive your completed registration by August 16th, 11.59AM.
To register, the Participant must first have created a user account on the Challenge website, and must have truthfully and accurately completed required information, such as full name, email address, etc.
Any registration based on inaccurate, false or incomplete information will result in the Participant’s disqualification. Refusing collection, recording and use of their personal data that is strictly necessary to performing the Challenge will result in the Participant’s disqualification. The Participant is solely responsible for the information he/she provides when registering. Any intentional or non-intentional mistake, anomaly or inconsistency, regarding this information, may result in the Participant’s disqualification. The Sponsor reserves the right to proceed all necessary verifications regarding the Participant’s identity, postal and/or email address.
Deletion of a Participant’s user account on the Challenge website will be deemed as a withdrawal from the Challenge. In this case, the Participant, regardless of whether the deletion results from the Participant’s personal action or not, will not participate in the Challenge, and will not obtain any compensation.
You must also have accepted the Rules as well as the Terms and Conditions of Use and the Privacy Policy, during the creation of your user account and your registration to the Challenge.
Registration for and participation in the Challenge is free, with no purchase or payment obligation.