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South African SAB Foundations Awards Finalists Announced

SAB

South African Breweries has announced finalists of its 4th annual Social Innovation Awards 2014. The final contenders are competing for the 1-Million Rand grand prize.

The innovations range from products to processes selected according to their scalability as well as its commercial value. Each must also benefit the SAB Foundation’s target beneficiaries who are women, youth, people living with disabilities and people living in rural areas.

A total of 18 innovations will move through to the final judging phase adjudicated by an independent panel of business and industry experts later this month. The final winners will be announced at an awards ceremony in October.

“Innovative solutions to economic and social issues in South Africa can be a powerful driving force behind bringing positive change for people within local low-income communities and individuals.

“Through the Social Innovation Awards, the SAB Foundation is encouraging more individuals to empower themselves as entrepreneurs and in turn empower hundreds of others by providing them with affordable access to resources and services that can improve their lives,” says Bridgit Evans, SAB Foundation Manager.

Evans says there has been a marked increase in the number and quality of innovative solutions presented since the first Social Innovation Awards in 2011.

Since its start in 2011, the SAB Foundation has invested in a total of 40 social innovations through a financial commitment of more than R10-million.

Apart from the first place prize of R1-million, the 2nd place winner receives an investment of R500 000 and 3rd place, R300 000. Several seed grants of between R100 000 and R150 000 will also be awarded to other deserving innovations finalists.

The 2014 SAB Foundation Social Innovation Awards finalists are:

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