Every year, governments spend over $9.5 trillion through contracts with companies to provide everything from pencils and paper to building infrastructure such as bridges, schools, and hospitals. A third of government expenditure is on public contracts.
Contracting is plagued by opacity and inefficiency and is government’s number one corruption risk. Better, smarter and fairer government contracting will have a huge impact on people’s lives.
In 2017 we launched a global $60,000 innovation challenge for startups to build solutions that use data to strengthen the integrity and effectiveness of public procurement. We scoped, promoted and organised the challenge and then incubated startups in the lead up to a finalist event.
If you’re inspired by this project and want to do something similar, get in touch.