Deadline: 24-Feb-22
Apply now for the European Investment Bank’s (EIB) Social Innovation Tournament.
About the Social Innovation Tournament
The Social Innovation Tournament established by the EIB Institute is the flagship initiative of the Social Programme. The Tournament seeks to promote the generation of innovative ideas and identify/reward opportunities promising substantial societal benefits or demonstrating best practices with tangible, scalable outcomes.
The Tournament aims at making a positive impact on people’s lives. It covers projects in a wide range of fields, from education and healthcare to natural or urban environment and from new technologies to new systems and new processes. Improvements in these fields are critical to business success, and social innovation can have a substantial societal impact. A Special Category Prize, introduced in 2013, gives additional emphasis to a specific field each year.
In 2022, the Special Category 1st and 2nd prizes will be awarded to projects addressing the topic of the blue and green economy.
Prize Information
- The winning projects in the General Category, and projects falling within the Special Category (in 2022, projects focusing on the blue and green economy) will be awarded a first or second prize of €75 000 and €30 000 respectively, and an Audience Choice Award of €10 000.
- The winner of the first prize in the General Category will also receive an EY mentoring voucher (half-day business plan fine-tuning offered by EY Transaction Advisory Services in Belgium).
- No winner may get more than one prize. Winning projects cannot be re-submitted to compete in subsequent editions of the tournament.
- All finalists will join the SIT Alumni Network. SIT Alumni benefit from numerous training opportunities, participate in conferences around Europe, and network with investors, venture philanthropists and foundations who can help their project to grow their impact.
Eligibility Criteria
- The Tournament is open to individuals or teams from (or residing in) the European Union Member States, enlargement countries, and EFTA countries.
- the project proposal has to be implemented in at least one or more such countries.
- only proposals submitted in English will be accepted.
- after receiving the application, a confirmation email will be sent within 5 working days.
- the 7-minute interview will be cancelled if the application package is incomplete or if it doesn’t comply with all the eligibility criteria.
- if the application is not complete, the applicant will be asked to resubmit the full package and to reschedule the 7-minute interview.
- if all the documents are not submitted by the deadline, the application will not be considered.
- the contact person should:
- take part in the screening video interview,
- participate in the Mentoring Bootcamp, and e-training sessions on pitching and communication techniques and the Rehearsal Bootcamp, and
- pitch at the Pitching Competition. Please note that attendance at the Mentoring Bootcamp is compulsory.
Additional Details
- Travel expenses for up to two people to travel to Vienna, Austria, will be covered for teams or individuals with proposals selected for the second round. Travel expenses for two members of the team to attend the Mentoring Bootcamp, which will take place in Vienna, Austria, will also be met by the organisers.
- Two persons per project are invited to attend the Mentoring Bootcamp and the Pitching Competition.
For more information, visit https://institute.eib.org/social-innovation-tournament-2/key-dates-deadline-2/