Judges' Expression of Interest: Young Women Transform Prize
Applications Open - Young Women Transform Prize: Enabling Youth Led Economic Empowerment
The “Young Women Transform Prize: Enabling Youth-Led Economic Empowerment” seeks international youth development professionals (implementers and funders) to review applications submitted by youth-led and youth-serving organizations. Express your interest in being a volunteer judge today. Thanks to USAID, The Volvo Group and Standard Chartered for their support of the Prize.
The Young Women Transform Prize competition will result in awards to youth-serving or youth-led organizations in low and middle income countries to capture new evidence and approaches to improve young women’s economic opportunities. This prize competition is intended to stimulate and promote innovative approaches and new evidence, particularly from youth-led, youth-serving organizations, to barriers to young women’s economic empowerment by awarding two types of prizes:
- Creation Prizes of up to $35,000 each: to support the development and implementation of activities with the potential to broaden young women’s access to, and choice over, employment and economic security, with a focus on collecting and disseminating learning; and
- Recognition Prizes of $15,000 each: to recognize innovative strategies that have improved young women’s economic opportunities, and collect and share learning from that innovation.
The 1.8 billion young people in the world today represent the largest youth population in history. In many parts of the world, youth lack opportunities for education and meaningful employment; an estimated 21 percent of youth are neither employed nor enrolled in education or training opportunities leaving these youth disaffected and with little hope for their future prospects.
Youth unemployment disproportionally affects young women. Globally, only 37 percent of young women participate in the labor force, compared to 54 percent of young men. When young women are excluded from economic opportunities, gender inequality is reinforced and they are less able to invest in their own health, education and safety – and that of their children.
The factors contributing to this economic gender divide include limited opportunities for young women to access quality education and workforce skills training; gender-based violence while traveling to or while at work; and barriers to joining traditionally male-dominated, higher-paying professions.