NN Social Innovation Award

About the award

This award recognises teams who have developed an innovative business concept that addresses a particular social need.

Eligibility for this award is limited to teams from the following countries: Czech Republic, Greece, Hungary, Netherlands, Poland, Romania, Slovakia, Spain, Turkey, and Japan.

Criteria

1) Impact (40%):
– To what extent the idea/solution has potential for significant social impact and engagement of the broader community? (individual, community, systemic)
– How impactful is the proposed idea/solution addressing social, ethical and environmental issues?
2) Innovation (30%):
– To what extent is it a novel solution with the potential to solve an existing and well-defined challenge/need?
– How well is the business/ social problem and opportunity clearly defined?
3) Feasibility & Scalability (30%):
– To what extent the idea/business has a favourable market size and competitive landscape that offers high potential for substantial growth?
– How compelling is the business model (realistic and viable)?

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