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 are welcomed from (but not limited to) individual innovators, entrepreneurs, NGOs, corporate foundations, Corporate Social Investment professionals, consulting firms and university departments.
The closing date for entries is midnight on Tuesday 7th May 2013. Entries can be directed to Nicola.Jowell@za.sabmiller.com or delivered to SAB Central Office, 65 Park Lane, Sandton c/o Zanele Ngoqo or couriered to SAB Foundation, 65 Park Lane, Sandton, 2146 c/o Zanele Ngoqo. To download the forms click on the following link:
Kindly note that the closing date is today midnight
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