Conditions and selection criteria for Social Innovation Awards

Find out all the information about the competition in detail

Bases and selection criteria Bases and selection criteria

Who can present submissions?

Any projects that fall within the community of social innovation, in general, promoted by university students and business schools, scientists, researchers and university teaching staff, as well as entrepreneurs with an innovative idea.

These initiatives must have an impact on the following areas of activity:

  1. Health Improvement and digital technology (e-Health).
  2. Innovation in insurance (Insurtech).
  3. Sustainable Mobility and road safety.

In addition, your project must fulfill the following requirements:

  • Formal, material and geographical requirements. Fill in the application form correctly. You may present your project if you belong to any of the specified geographical regions and your project is related to one of the three abovementioned categories.
  • Include at least one team member who is working full-time on the project.
  • Have at least one prototype/pilot test of a social innovation idea that includes user participation.
  • The person or promoter entity for your project must not have received income above €150,000 in 2018.

Selection criteria

The projects submitted will be assessed according to the following selection criteria:

  1. The potential for social impact in one of the three award categories.
  2. The innovation represented by the project submitted for the competition and the arguments that demonstrate its value in order to become a reality.
  3. Viability of the projects, both in technical and economic/organizational terms.
  4. Ability and experience of the team to be able to carry out the proposal submitted.
  5. Maturity of the idea, demonstrated by the results of the initial trials/pilot tests.
  6. Associated legal aspects: Any projects with doubts regarding their legal standing will be excluded.

We clear up your doubts

  1. Can I apply for more than one category? Yes you can, but you need to properly justify how the idea fits into that category.
  2. Place of application, home country of the submitting entity or place where the project is developed? The project shall submit its application in the geographical area where its representative or promoting entity resides. Equally, if the nationality of the members of the team are different to the geographical areas covered in this competition, this will not exclude them from taking part providing that the project's effective impact in any of the three abovementioned geographical regions can be demonstrated.
  3. Intellectual property and copyright? The intellectual property rights and copyright will remain under the ownership of the entities. The €30,000 prize money for each winner of each of the three categories is made as a donation.
  4. Who is going to be making the initial selection? A multidisciplinary group and IE mentors, who are experts in entrepreneurship and innovation.
  5. Who is on the judging panel? Similar profiles to previous editions, social innovation experts, social investors, organizations and others.
  6. What will happen after the awards in terms of project follow-up? The follow-up of the 9 finalists will be carried out through the creation of a network entitled Red Innova (Innovate Network) which will serve as a basic model for an interdisciplinary and international networking system.