Design21 has an exciting textile and product design competition happening now called, “Weaving Love, Creating Hope.” The challenge has two categories in which to submit: textile design and product design that can be seen as a symbol of hope. The winning entries will be produced and sold by Grameen Felissimo, benefitting the local markets and communities of Bangladesh through employment and economic independence. Winners will also each receive US $3,000. The deadline to enter is April 21st.
From the site:

This challenge is built on the Grameen check, fabric born of Bangladesh with local resources and skills. Woven in cotton, it is mostly produced in the poorest region of the country with a hope of economic independence. To commemorate the birth of the first Grameen Felissimo project, we invite you to help us create a beautiful symbol of Hope in the design of a brand new check pattern. This challenge is intended to bring the power of design into action, by injecting an element of excitement to the product line and thereby expanding their market outside their own village and country.