DEADLINE: 31 October, 2017
The Creating Shared Value Prize (CSV prize) is designed to recognise and support outstanding initiatives addressing challenges in Water, Nutrition, or Rural Development that:
- Have a proven concept tested through a pilot or small-scale enterprise.
- Have the potential to scale and replicate in other settings or communities.
- Have promise of substantial social impact through improving access to nutrition, enhancing rural development, or having a significant impact on water management or access to clean water.
- Is built on a sound and viable business model.
The CSV Prize Winners will be selected based on their entries as determined by the Creating Shared Value Council and experts appointed by Ashoka and Nestlé.
Awards & Benefits
All applicants will have the opportunity to receive feedback via the OpenIdeo online review function, including the opportunity to view, review and connect with other applicants to the CSV Prize.
Up to 50 Semi Finalists will:
- Receive a second round of feedback
- Join exclusive, online ‘peer’ calls, to network and exchange ideas with other shortlisted innovators and the CSV Prize team
- Have access to exclusive networking opportunities
10 Highly Commended Initiatives will be featured online before the announcement of the top 5 Finalists are selected to the final stages.
Finalists will receive the following:
- A travel bursary to attend the 2-day Ashoka Impact Boot Camp at the World Water Forum in Brazil in March 2018
- The opportunity to pitch their initiatives to the Nestle Creating Shared Value Council, live at the Forum
- Finalists will be featured through Ashoka and Nestle’s media activities
Winning initiatives will be selected to receive prizes totalling CHF 500,000 to take the solution to scale, including:
- Up to CHF 400,000 cash prize
- One Lifetime Ashoka Fellowship (upon approval through Ashoka’s in depth Venture Selection Process)
- A place on the Ashoka Social Investment Accelerator
NB: The prize money may only be used for the awarded initiative and its development.
- August 29, 2017 – October 31, 2017 (11:30 CET) – Entry Phase. During this time, participants may submit entries, edit, and resubmit until the entry deadline.
- November 1-20, 2017 – Application Screening and Community Review. Participants are welcomed to view, review, and comment on one another’s entries.
- December 1-20, 2017 – 50 Semi Finalists will be selected and invited to Refine their Entries and provide us with additional information. Semi Finalists may edit their entry based on feedback until the deadline of December 20th.
- February 14, 2018 – Finalists announced.
- March 15-18, 2018 – Finalists attend Ashoka Bootcamp and pitch live at the World Water Forum in Brazil
- 18 March, 2018 – Winners announced.
Applications for the Creating Shared Value Prize are open to social enterprises, commercial enterprises and nonprofit entities creating shared value in any country around the world.
Ashoka and Nestle are looking for initiatives which are enhancing quality of life and contributing to a healthier future by tackling the biggest issues in water, nutrition, and rural development.
If your answer is ‘yes’ to each of these questions, you are eligible to apply.
- Are you the founder, co-founder, CEO or hold an equivalent leadership position within the initiative your application represents?
- Is your initiative beyond proof of concept stage, with a successful pilot underway?
- Does your initiative have the potential to grow on a broad-scale, or replicate in a new community or context?
- Are you making a social and/or environmental impact, by either improving access to nutrition, enhancing rural development, or having a significant impact on water management or access to clean water?
- Does your initiative have a viable business model or financial sustainability plan?
- Are you able to submit your application in English, French, Spanish, or Portuguese?
Winning applications will show strength in the following areas:
- Innovation – The initiative must represent an innovative approach to the problem it seeks to address, either through new methods, new models, new technologies, or application of old methods, models or technologies in a new, innovative way.
- Environmental and social impact – The initiative must have proven its worth on a pilot or small-scale basis, and already have measurable, quantifiable environmental or social impact.
- Potential for scaling up and/or replication – The initiative should have strong growth potential and/or replicable to other social, cultural or geographical settings.
- Financial viability – The initiative must be built on a viable business model, and / or show realistic and long term plans for financial sustainability, and must have the potential to continue beyond the CSV Prize funding.
- Organisational Leadership – The initiative and its leaders must show leadership to influence the field in which they work, as well as the ability to incorporate and leverage investment by Nestle and support offered through the CSV Prize.
- Potential for Creating Shared Value – The initiative should create value for all stakeholders, thereby exemplifying the concept of Creating Shared Value.
- One application per initiative will be accepted.
- Applications can be made in English, French, Spanish or Portuguese only.
- Initiatives that are already financed or supported by Nestlé S.A., affiliates, subsidiaries, joint ventures are not eligible.
- Employees of Nestlé S.A., their parent companies, affiliates and subsidiaries, joint ventures, participating advertising and promotion agencies are not eligible.
- Previous CSV Prize winners are not eligible.