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By Lestat (Jan Mehlich) (Own work) [CC BY-SA 2.5 (http://creativecommons.org/licenses/by-sa/2.5)], via Wikimedia Commons

SAB Foundation opens applications for annual Social Innovation Awards

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By Tom Jackson on March 8, 2023 Events, Southern Africa

The SAB Foundation has opened applications for the 13th annual Social Innovation Awards and the eighth annual Disability Empowerment Awards, with prizes ranging from ZAR200,000 (US$11,000) and ZAR1.3 million (US$71,000).

The awards aim to support South African entrepreneurs and social enterprises that can solve social challenges faced by low-income women, youth, and people living in rural areas while simultaneously creating a sustainable business model.

The Social Innovation Awards are open to innovators, entrepreneurs, institutions, and social enterprises with prototypes or early-stage businesses that can solve social issues in South Africa, while the Disability Empowerment Awards award entrepreneurs or social enterprises that have developed an innovation that improves access to the economy or provides solutions for persons with disabilities while generating enough revenue to become sustainable over time.

Aside from the grant funding, each award winner will receive business skills development coaching, mentorship, and technical support. Applications are open here until March 27.

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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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