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Application Deadline: March 25th, 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 SAB Foundation has created opportunities for entrepreneurs and innovators living with disabilities.
AWARDS CAN RANGE FROM R200 000 – R1 300 000
- 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.
- This programme is flexible and adjusted to the needs of each awardee, as mutually agreed by both awardee and mentor
ELIGIBILITY CRITERIA
- The SAB Foundation Social Innovation Awards will be 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 (with a particular emphasis on innovation that benefits women, youth, people with disability and those in rural areas), as well as demonstrating potential as a sustainable business.
- Entries are welcomed 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 covers innovations in both goods and services, which can be divided into new or improved products. A new product has different characteristics and intended uses than existing products. It may use new technologies, knowledge and products or a combination of these. An improved product is an existing product whose performance is significantly increased; in terms of either increased output or a reduction in cost.
- Process innovation is the adaption or creation of improved ways to deliver a product or service. It could come from changes in knowledge, perception and understanding. For poverty reduction, process innovations can increase the level of service delivery to beneficiaries, or enable practitioners to reach previously untouched groups or individuals.
- The innovation solution must have progressed past the “blue-sky” thinking stage: there must be some evidence of investment by the applicant. This means that applicants must be able to show proof that prior to applying, they have spent time and/or money developing the innovation: planning, developing and testing prototypes, market and industry research, developing a business plan.
- Online applications open 17 February 2022 and close on 25 March 2022 at midday.
- Read through this brochure to check if your organisation or idea would be a good fit for the Social Innovation and Disability Empowerment Awards based on its impact on at least one of the four focus areas (women, youth, persons living with disabilities or persons living in rural areas).
- Select the correct programme you will be applying for: SOCIAL INNOVATION AWARD or THE DISABILITY EMPOWERMENT AWARD
- Read through the online application guidance document.
- Complete the online application form. The link is available on the SAB Foundation website (sabfoundation.co.za/social-innovation-awards)
- Make sure you complete and submit your application before the deadline.
- Early submissions are strongly encouraged.
- The SAB Foundation Social Innovation and Disability Empowerment Awards seek the best ideas to enhance the lives of previously disadvantaged South Africans. Specific consideration will be given during the judging process to the race, gender, age and disability status of applicants.
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