The ReSource Award acknowledges social entrepreneurial initiatives
aimed at prototyping or scaling up new approaches for resolving existing
social and/or ecological issues related to sustainable water management
practices. Examples include access to, use and supply of water,
sanitation and hygiene in low, lower-middle and upper-middle-income
countries as classified by the World Bank.
The prize combines financial and non-financial contributions
(coaching/expert advice). Half of the total contribution equivalent to
USD 150 000 will be allocated to three finalists (USD 20 000 + coaching
each) from whom the winner will be selected. The award winning
organization will be supported (USD 75 000 + coaching) during the
following three years in further developing, prototyping or scaling up
its social entrepreneurial initiative.
ReSource Award criteria
The short and full proposals submitted will be assessed with regard to the following areas:
- Social and ecological challenge: The proposal demonstrates a profound and authentic understanding of the social and ecological problem to be addressed.
- Impact: The expected social, ecological and economic impact is clearly defined and in line with the scope of the ReSource Award.
- Approach: The proposal outlines a compelling social entrepreneurial approach to address the defined challenge. The defined goal and expected impact can realistically be achieved with the approach presented.
- Financials: There is a financially viable business plan in place based on clear and logical assumptions.
- Competencies: A qualified team with appropriate skills and track record is in place.
- Risk management: All relevant risk drivers and related prevention and risk mitigation measures are defined.
Moreinfo: http://www.resourceaward.org
