The Swedish billionaire Laszlo Szombatfalvy has issued a $5 million dollar award for anyone who can successfully create a ‘UN 2.0’.
In a bid to find solutions to the current issue of global governance, Szombatfalvy is hosting a competition with the aim of injecting new ideas into how we can re-imagine a global governance system for the 21st century.
The competition titled ‘A New Shape’ is being organised through Szombatfalvy’s Global Challenges Foundation and invites individuals or organisations to create an international governance model which will improve the ‘current state of humanity’.
The organisation will judge each entrant’s idea for effectiveness, resourcing, funding, the security of implementation, and accountability, amongst other criteria.
Szombatfalvy believes the global governance system is failing. ‘The biggest threats to humanity stem from the global community’s inability to deal with them effectively’, he told Swedish business magazine Veckans Affärer last month. With this competition, Szombatfalvy hopes to find individuals with the ideas to develop, enhance or improve upon the current UN governance model.
The competition is open to any individual or organization and at least $1 million dollars will be awarded to the winner. The fund is accepting proposals until May 2017. Find out more on their website.