Innovation Challenges

Challenge Owner(s) Asian Development Bank
Organiser(s) Asian Development Bank
Industry Type(s)
Circular Economy & Sustainability, Digital/ICT, Food Services, Real Estate, Urban Solutions
Opportunities and Support Opportunities to access ADB's network, exposure and funding for testbedding solutions
Application Start Date 30 August 2021
Application End Date 8 October 2021
Website Click here to learn more

About Challenge

Through NFTs, artists, musicians and even gamers have generated millions of dollars. It’s undeniable that NFTs create opportunities for new business models that didn’t exist before around selling and owning digital items.

Beyond establishing new business models, blockchain technology has created new tools to accelerate regional development. How can this technology tackle matters such as land ownership, inequality issues, climate action projects or even food security?

The Asian Development Bank has launched the NFTs for development in Asia challenge to call on startups that can leverage the potential of blockchain technologies. The main goal of this year's challenge is to see how blockchain technology can be used to support development and ADB's Strategy 2030 Operational Priorities in Asia.

Bring your idea, prototype or wireframe of the proposed solution. We want to hear from you!

Join now via one of the following areas:
- Addressing remaining poverty and reducing inequalities
- Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
- Promoting rural development and food security
- Making cities more livable

Selected and shortlisted teams are eligible for the following opportunities:
- Access networking opportunities and mentoring with ADB development practitioners and other experts.
- Top projects will gain additional exposure through the ADB Digital X ADB event.
- Receive $10k USD or more in seed funding from ADB

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Challenge Owner(s)Asian Development Bank
Industry Types(s)
Circular Economy & Sustainability, Digital/ICT, Financial Services

Asian Development Bank

Strategy 2030 sets seven operational priorities, each having its own operational plan. The operational plans contribute to ADB’s vision to achieve prosperity, inclusion, resilience, and sustainability, and are closely aligned with Strategy 2030 principles and approaches. This challenge is looking for solutions that targets the following principle:

Addressing Remaining Poverty and Reducing Inequalities

Supports the Sustainable Development Goal agenda to tackle poverty and inequality and leave no one behind.

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Challenge Owner(s)Asian Development Bank
Industry Types(s)
Circular Economy & Sustainability, Digital/ICT, Financial Services

Asian Development Bank

Strategy 2030 sets seven operational priorities, each having its own operational plan. The operational plans contribute to ADB’s vision to achieve prosperity, inclusion, resilience, and sustainability, and are closely aligned with Strategy 2030 principles and approaches. This challenge is looking for solutions that targets the following principle:

Tackling Climate Change, Building Climate and Disaster Resilience, and Enhancing Environmental Sustainability

Thirteen of the seventeen Sustainable Development Goals are relevant to or will be impacted by actions on climate change, climate and disaster resilience, and the environment.

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Challenge Owner(s)Asian Development Bank
Industry Types(s)
Digital/ICT, Food Manufacturing, Food Services

Asian Development Bank

Strategy 2030 sets seven operational priorities, each having its own operational plan. The operational plans contribute to ADB’s vision to achieve prosperity, inclusion, resilience, and sustainability, and are closely aligned with Strategy 2030 principles and approaches. This challenge is looking for solutions that targets the following principle:

Promoting Rural Development and Food Security

Although significant progress has been made in meeting food security, in Asia and the Pacific, hunger and malnutrition persist.

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Challenge Owner(s)Asian Development Bank
Industry Types(s)Digital/ICT

Asian Development Bank

Strategy 2030 sets seven operational priorities, each having its own operational plan. The operational plans contribute to ADB’s vision to achieve prosperity, inclusion, resilience, and sustainability, and are closely aligned with Strategy 2030 principles and approaches. This challenge is looking for solutions that targets the following principle:

Accelerating Progress in Gender Equality

Support for gender equality and women’s empowerment is also central to the 2030 Agenda for Sustainable Development.

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Challenge Owner(s)Asian Development Bank
Industry Types(s)
Digital/ICT, Infrastructure, Real Estate, Urban Solutions

Asian Development Bank

Strategy 2030 sets seven operational priorities, each having its own operational plan. The operational plans contribute to ADB’s vision to achieve prosperity, inclusion, resilience, and sustainability, and are closely aligned with Strategy 2030 principles and approaches. This challenge is looking for solutions that targets the following principle:

Making Cities More Livable

Cities in Asia and the Pacific have unprecedented opportunities to transform the well-being of their citizens and to catalyze economic development through increased urbanization by 2030.

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Challenge Owner(s)Asian Development Bank
Industry Types(s)
Digital/ICT, Financial Services

Asian Development Bank

Strategy 2030 sets seven operational priorities, each having its own operational plan. The operational plans contribute to ADB’s vision to achieve prosperity, inclusion, resilience, and sustainability, and are closely aligned with Strategy 2030 principles and approaches. This challenge is looking for solutions that targets the following principle:

Strengthening Governance and Institutional Capacity

Governance and institutional reforms are needed to sustain development momentum in the region and to ensure that the benefits of growth are equitably and widely shared.

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Challenge Owner(s)Asian Development Bank
Industry Types(s)
Digital/ICT, Financial Services

Asian Development Bank

Strategy 2030 sets seven operational priorities, each having its own operational plan. The operational plans contribute to ADB’s vision to achieve prosperity, inclusion, resilience, and sustainability, and are closely aligned with Strategy 2030 principles and approaches. This challenge is looking for solutions that targets the following principle:

Fostering Regional Cooperation and Integration

Operations are expected to enhance connectivity and competitiveness, promote regional public goods, strengthen cooperation in the finance sector, and strengthen subregional initiatives.

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