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 million to the winner, and there are two runners-up awards of a R500 000 (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.
The SAB Foundation Innovation Awards will be specifically focused on innovation solutions which have progressed past idea stage, and have reached at least proof of concept stage and now need a strong focus on commercialisation or scaling-up. The SAB Foundation Innovation Awards is designed to assist the applicants along the path towards commercialisation, scaling up and replication of their innovation solution – with the aim that it will reach and benefit significant numbers of the target beneficiary groups of the SAB Foundation. The grant will be awarded for either products or processes that present an innovative solution to the pressing challenges facing women, the youth, persons with disabilities and persons in rural areas.
The SAB Foundation Innovation Awards are open to all applicants, and seek the best ideas to enhance the lives of disadvantaged South Africans. Specific consideration will be given during the judging process to the race, gender, age and disability status of applicants.
Phase 1 applications will be screened against the eligibility criteria, and qualifying applications will then be assessed against the impact criteria.
A shortlist of up to 25 best innovations will be selected, and invited to attend a two-day workshop. The focus of the workshop will be on the steps necessary to upscale and/or commercialise the innovation solution.
Following this workshop, final Phase 2 applications are submitted and assessed, resulting in the selection of the winners.
To download the application form, refer to http://goo.gl/6oZnj.
The total submission should not be larger than 3MB and entries can be submitted until 10h00 on 24 July 2012.
For more about the SAB Foundation Innovation Awards, refer to http://goo.gl/aLPo6.
To view other opportunities, visit www.ngopulse.org/group/home-page/other-opportunities.