Economy News: The Asian Development Bank (ADB) and the Asian Institute of Management (AIM) today launched the #DigitalAgainstCOVID-19 virtual challenge to crowdsource digital solutions and ideas to help countries in Asia and the Pacific deal with the medium- and long-term effects of the novel coronavirus disease (COVID-19) pandemic.
The challenge will focus on four themes: health and well-being, education, economic development, and enhancing the capacity of governments and ADB.
“Digital technologies can be an important element of country responses to the COVID-19 pandemic,” said ADB President Masatsugu Asakawa. “This competition will generate digital ideas and solutions to help shape the new normal.”
“Many countries were caught off guard and have had to go digital overnight to deliver education,” said AIM President, CEO, and Dean Jikyeong Kang. “We want to use this competition to explore potential solutions that may make online learning more fulfilling for both student and adult learners.”
The virtual challenge will run throughout 2020. After each of the three rounds, 3 to 5 solutions will be pilot tested for 3 to 9 months. In early 2021, the most successful pilots will be recognized. The competition is open to startups, companies, universities, research organizations, students, and ADB employees.
Details can be found on ADB’s challenges platform. The platform allows ADB to reach global problem solvers and collaborate with them in co-creating solutions. The platform currently has a network of 2,000 users, including hundreds of startups, located in 70 countries.
ADB’s Digital Innovation Sandbox program, chaired by ADB Vice-President for Private Sector and Public–Private Partnerships Diwakar Gupta, is moderating the challenge. This is the third hackathon under the ADB–AIM collaboration.
Follow #ADBHackathon for updates on the ADB-AIM Hackathon 2020.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.
AIM is an Asian pioneer in management education. Founded in 1968, AIM’s mission is to sustain the growth of Asian businesses and societies by developing professional, entrepreneurial, and socially responsible leaders and managers.