Deadline: 25 March, 2022
The SAB Foundation supports and invests in entrepreneurs and social innovation with a priority in benefitting women and youth, people in rural areas and people living with disabilities.
The Social Innovation Award is aimed at innovators/social entrepreneurs/institutions/social enterprises with prototypes or early stage businesses that can solve a social problem.
Benefits
- Awards can range from R200,000–R1.3 million along with business development support to assist with venture growth
- In addition to the prize money detailed above, the awardees are assessed on a case-by-case basis and placed on a tailored mentorship programme
Eligibility
- Applications are open to all South African citizens, 18 years or older
- All participants must submit a certified copy of their South African identity document with their online applications
- Open to any innovation solution that offers a credible prospect of meeting a demonstrable social and/or economic need evidenced by the SAB Foundation’s target low-income beneficiary groups
- Entries are welcome from South African individuals, innovators, entrepreneurs, social enterprises and university departments
- Entrants may enter as individuals on their own, or as members of a team, in which case one individual team leader shall complete the online application form
- The innovation entered must be the original work of the applicant and a true innovation and/or a significant improvement on an existing technology, product, service, and production method or business model
- Product innovation should cover innovations in both goods and services, which can be divided into new or improved products
- The innovation/solution must have progressed past the ‘blue-sky’ thinking stage: there must be some evidence of investment by the applicant
To enter and for more information, click here.
Photo source: SAB
