The EIB Institute announces its first Social Innovation Tournament. The Tournament seeks to promote the generation of innovative ideas and identify/reward opportunities promising substantial societal benefits or demonstrating best practices with tangible, scalable outcomes. It targets the creation of social value in relation to the fight against social exclusion. Entries may therefore fall in a wide range of fields, from education and health care to natural or urban environment, from new technologies to new systems and new processes. Improvements in these fields are critical to business success, and social innovation could have a substantial social impact.

To deliver its objectives, the Tournament invites the submission of innovative proposals, along two main lines:

§  Line A: Innovative ideas which could be implemented within a reasonable time horizon and have substantial benefits for Society or

§  Line B: Identify implemented innovative solutions with tangible outcomes in terms of social impact which could serve as best practices and replicable models.

The Tournament will run in two rounds: A screening committee of EIB Group experts in innovation and other relevant disciplines will select up to 15 finalists to proceed into the 2^nd round. The finalists will be announced by October 12^th at the latest and will be invited to present their proposals to a final Event, to be held in Luxembourg on November 29^th.  A Selection Panel, composed of specialists from the academic and business world, will identify and nominate four (4) winners – a 1^st prize of EUR 15,000 and a 2^nd prize of EUR 5,000 for each of the main lines of proposals. A 5^th winner for a prize of EUR 10,000 will be voted by the Audience at the Event among all 2^nd round participants.

For further details consult http://institute.eib.org/infocentre/2012/06/26/social-innovation-tournament/

Maria Luisa Ferreira

European Investment Bank / Banque Européenne d'Investissement

Economic Advisor

EIB Institute

'+352 4379 88540  7+352 4379 68827

GSM +352 621 45 92 60

*l.ferreira@eib.org þ www.eib.org þ http://institute.eib.org

Mailing Address: 100, bld Konrad Adenauer L-2950 Luxembourg

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