OpenIDEO is an open innovation platform. Join our global community to solve big challenges for social good. Sign up, Login or Learn more

Social Entrepreneurship Award

Create an annual Social Entrepreneurship Award, which will bring recognition to existing social businesses and inspire others to start up or improve

Photo of Anne Kjaer Riechert
2 3

Written by

Create an annual Social Entrepreneurship Award for the Caldas region, which will bring recognition to existing social businesses and inspire others to start up or improve their existing business model. 

Each year the local community should nominate social businesses which they think deserve the award. Nominations could be devided into more catagories such as Health, Environment, Safety, Education, Leadership

Each year 3 businesses from each catagory will get through to the final round, where the winner is chosen by a board of successful and recognized business leaders (CEOs, Board Directors, Investors etc). 

The award will be given out at a gala, attended by the media, which will help spread the message. 

The winners could be given a monetary prize, which should be re-invested into growing the business. Other services could be provided as part of the award as well, such as mentoring by a recognized business person. 

The annual award could be created as a CSR initiative, by collaborating with a multinational company which wish to market itself as socially responsible, such as  Procter  & Gamble.

How do you envision this idea making money?

The annual award will give significant recognition to the winners and nominees, which will help them market their product or service locally.

How does this idea create social impact, particularly around improving health?

By giving recognition to successfull social businesses, the award will inspire other people to come up with new and better business models, product or services.

How does this idea add social value at every step of the process?

The Award boosts existing social companies and inspire others to start-up or improve

What are the short term steps we could take to implement this idea tomorrow?

1) Find a corporate partner to sponsor the award 2) Ask the local community for nominations by creating an innovative local marketing and PR campaign - which embraces what social entreprenurship is all about 3) Select the panel which will choose the winners, based on a list of pre-determined criteria 4) Create a spectacular Award Ceremony


Join the conversation:

Photo of Vincent Cheng

Nice, a great way to recognized & support promising social entrepreneurs, and inspire new ones!

View all comments