Omidyar Network last week announced it has provided US$4.96 million to the Institute for Liberty & Democracy (ILD) and awarded $150K in prize money to three winners of the Ashoka’s Changemakers competition for property rights. With this funding, Omidyar Network has committed more than US$23 million globally to enable people to improve their lives through property rights. By increasing access to secure rights to land and business assets, individuals are able to realize life-altering benefits: long-term security, enhanced identity and personal dignity, and a greater stake in the future.
ILD, founded in 1981 by renowned economist Hernando de Soto, works with governments to implement business and property rights reforms to allow all citizens to participate in the market economy. ILD will use the funding to expand its work to new countries, promote the formalization of property rights worldwide, and increase global awareness of the vital role of property rights in poverty alleviation and economic growth.
De Soto was among the distinguished panel of judges who determined the winners of the global competition Property Rights: Identity, Dignity & Opportunity for All. Led by Omidyar Network and Ashoka’s Changemakers, the challenge recognized three winners for their work in enhancing access to land rights for poor and marginalized populations:
- Terra Nova, Brazil: a for-profit company that improves the lives of families living in urban slums by peacefully managing the land regularization process, resolving land disputes, and enabling residents to purchase title to the land they occupy.
- Red Tierras, Colombia: An interactive network that uses technology to connect land rights practitioners from marginalized communities, citizen sector organizations, and government agencies across Latin America to share best practices in land conflict resolution, agrarian reform, and sustainable natural resource management.
- ENSS/SUTRA (A Family of One’s Own), India: A social movement led by women that advocates for long-term lease rights from the government to promote an alternative, women-centered household structure.
The winners, each of whom will receive a prize of $50K, were selected from 211 entries representing 48 countries. In the final round, the judges evaluated 11 finalists on their demonstration of innovation, social impact, and sustainability.