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What is it about?
The EIB’s Social Innovation Tournament (SIT) aims to support the best European social entrepreneurs. SIT promotes innovative ideas and rewards initiatives that help create social, ethical or environmental impact. Typically, it includes projects in education, health, environment, circular economy, inclusion, job creation, aging and many more. There also is a special award in the category « sustainable living ». Two projects will be selected to participate in INSEAD’s Social Entrepreneurship Program in Fontainebleau, France.
How is funding provided?
On the occasion of SIT’s tenth anniversary, the winning projects in the General Category and the Special Category will be awarded a first or second prize of €75,000 and €30,000 respectively, as well as an Audience Award of €10,000.
Who can apply?
Non-profit and for-profit organizations, especially those run by young entrepreneurs and social enterprises, corporate responsibility departments of private sector companies of any size, non-governmental organizations and governmental or municipal institutions, and universities. Applications from student teams are welcome too.
How does the selection process work?
The competition will be held in two rounds. A selection committee, composed mainly of EIB Group experts in innovation, environment and other relevant disciplines, will select 15 finalists. Finalists will participate in a tailored training program (mentoring bootcamp, pitching e-training, one-on-one coaching sessions, rehearsal bootcamp) to give them the guidance they need to finalize their proposals and prepare them for the final event, where all finalists will have to present and defend their project in front of a panel of social innovation experts. In 2021, the final event will take place on October 7 in Lisbon, Portugal.
The finalists of all SIT editions will become members of the SIT Alumni Network. As members, they will benefit from numerous training opportunities such as (i) the Scaling Executive Program, a full-time executive training focused on scaling, pitching, and engaging with investors, (ii) SITolarships, an innovation fellowship program, and (iii) conferences across Europe to network with investors, venture philanthropists, and foundations that can help their project scale. In addition, the Institute is supporting the first social incubator in northern Portugal to explore synergies and complementarities with the growing community of social entrepreneurs that the Institute supports through SIT.
Deadline for application 3 March, 23:59 CET infosession on 24 February, 12:00 pm CET
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