Inaugural SAB Foundation Innovation Awards

Friday, February 18th, 2011

 The inaugural SAB Foundation Innovation Awards were introduced in 2011. With a total purse of R1.5 million the awards aims to promote innovation delivering sustainable solutions to the daily challenges facing persons in low-income areas.

The main award is a grant of R 1 million with two runners-up awards of R 500 000 each. The grant includes funding for the upscaling and commercialisation of the innovative solution, a process which will be supported by the SAB Foundation over a period of two years.

The Awards focus on innovative solutions which have progressed past the idea stage and have reached a proof of concept stage. It was designed to assist applicants along the path towards commercialisation, scaling up and replicating the solution with the aim of reaching and benefitting a significant number of the SAB Foundation’s target beneficiary groups.

The winner of the inaugural SAB Foundation Innovation Awards 2011 and R1million is Reel Gardening for the Garden in a Box initiative. Reel Gardening is owned by 25-year-old Claire Reid, who created a handmade vegetable planting strip made from biodegradable paper. Each vegetable strip is water soluble, contains fertiliser and non-modified seeds and includes a set of seed growing factors to maximise the germination rate.

Two runners-up, ShonaQuip and The Invoice Exchange received R500 000 each.

For more information visit the SAB Foundation website.

Comments

comments

Related Posts

Investment Launch

SAB has invested R2.8 billion in expansions at Alrode and Rosslyn breweries, which include returnable glass packaging lines, and a […]

A pack of 8, to fill the plate

“In South Africa alone it has been documented that 3.165 million children and young people suffer from household hunger and […]

RICARDO TADEU – ZONE PRESIDENT FOR AFRICA

Our Zone President for Africa, Ricardo Tadeu, has completed his first 150 days in office and has put his 20 […]

Connect

Related articles

No related posts found!