SAB Foundation Social Innovation Awards
The SAB Foundation Innovation Awards has been established with the objective of rewarding and upscaling innovative sustainable solutions to the pressing daily challenges facing low-income people, specifically women, the youth, people with disabilities, and people living in rural areas in order to improve economic growth and prosperity and the quality of life of all South Africans.
The main award is a grant of R1 000 000.00 (one million Rand) to the winner, and there are 2 runners-up awards of a R500 000.00 (five hundred thousand Rand) grant each.
In addition, several seed grants will be awarded. Additional categories of awards exist for entries from women, youth, people in rural areas and people with disabilities. The grant includes funding for the upscaling and commercialisation of the innovation solution, a process which will be supported by the SAB Foundation over a period of two years or longer, as needed.
During the final application stage, shortlisted applicants need to present an indicative budget of how they would spend this grant money along these lines. The size of the grants is designed to allow for substantive progress to be made by the winners.
Entries for the Innovation Awards 2013 closed on 7 May 2013. Details of the awards will be made available on the SAB Foundation website in due course.
Related documentsThe SAB Foundation Innovation Awards 2013 Brochure
SAB Foundation Innovation Award 2012 Finalists
SAB Foundation Brochure