The EIB Institute is organizing its sixth edition of the Social Innovation Tournament, an opportunity for social innovators from across Europe to access funding, mentoring and support to grow their social enterprise.
The Social Innovation Tournament promotes the generation of innovative ideas and rewards initiatives that fight against social exclusion. It covers projects in a wide range of fields – from education, health care and job creation to new technologies, new systems and new processes.
Projects compete for two prizes in a General Category and two prizes in a Special Category: Ageing. Winning projects in each category are awarded a 1st and 2nd Prize of EUR 50 000 and EUR 20 000 respectively. Further awards include vouchers entitling a number of projects and their teams to benefit from subsequent coaching and mentoring services.
The event is organized every year in a different country to reward and sponsor European entrepreneurs whose primary purpose is to generate a social, ethical or environmental impact.
Projects are typically related to combating unemployment, marginalization of disadvantaged communities and promoting access to education in a wide range of fields, from education and health care to natural or urban environment, through new technologies, new systems, and new processes.
The Tournament runs in two rounds. A Selection Committee comprised mainly of EIB Group experts in innovation, the environment, and other relevant disciplines select 15 finalists. The finalists are invited to a mentoring bootcamp to provide them with the necessary guidance for the finalisation of their proposals. In the Final Event, all the finalists have to present and defend their project to a Jury composed of social innovation specialists.
The event is organized every year in a different country to reward and sponsor European entrepreneurs whose primary purpose is to generate a social, ethical or environmental impact. In 2017, the Final Event, will take place in Riga, Latvia on 21 September, where the fifteen selected projects will compete for the 4 prizes and several mentoring vouchers.