About The Ivory Prize
The Ivory Prize is an annual award recognizing ambitious, feasible, and scalable solutions to housing affordability. The Prize is designed to award innovators for their efforts and provide material support to advance their projects. The search committee looks for solutions which combine elements of finance, policy, and design/construction.
Private sector organizations, public-private partnerships, and individuals may be nominated for the Ivory Prize by an outside source or through the self-nomination process. Preliminary nominations are strongly encouraged to be submitted by November 15, 2019, however, the final deadline is not until December 15, 2019.
02. Due Diligence
All nominees will be screened and reviewed by the Ivory Innovations team with the help of our Advisory Board and Ivory Fellows.
03. Finalist Round
Chosen finalists will be announced.
04. Winners Announced
All finalists will be considered for monetary and in-kind awards. The make-up of candidates and the support which the advisory board deems most suited to the stage of development, will determine the individual awards given. Winners will be announced in March 2019.
The Award will provide two hundred thousand dollars each year. There will be at least three awards, with winners selected in at least each of the award components — construction and design (including both new construction and rehabilitation), regulatory reform, and finance. It is anticipated that the awards will be between $40,000 - $100,000.
This year we are partnering with the Housing Lab at the Terner Center at UC Berkeley to send one of our top entrants through the accelerator, if one of our entrants is selected. The program is focused on lowering the cost of housing. We will also look to place student interns funded by Ivory Innovations with some of the winning companies to provide any additional support they may need.
The Advisory Board will play a key role in determining the final distribution of the awards related to the prize.
What happens during our Due Diligence?
Candidates are evaluated for completeness of application and alignment with the Ivory Prize mission of supporting scalable solutions in housing affordability.
02. Qualification Round.
Candidates will be referred to Ivory Fellows with expertise relevant to their proposal for initial evaluation and scoring. Some nominees will be visited during this process or receive requests for additional information.
03. Advisory Committee
The top nominees referred from the Ivory Fellows will be selected as finalists through a committee process by the Advisory Board.