Impact

Social Impact Award Romania

 


Executive Summary


Social Impact Award is an international competition for youth, focused on social entrepreneurship ideas, helping them move from intention to action. Social Impact Award, founded in 2009, runs education and incubation programs in more than 20 countries in Europe, Africa and Asia to support early-stage social entrepreneurs in developing and implementing innovative business solutions to tackle the most important societal challenges of our times by hosting events and organizing workshops to raise awareness for social entrepreneurship, teaching the necessary skills to navigate from vague intentions to promising ventures, providing access to networks, and promoting the best teams with the Social Impact Award. In Romania it is run by Social Innovation Solutions, Global Shapers Bucharest Hub, and Alternative University.


Social Impact Award 2020:


This year, the Social Impact Award moved its activity online. Social Impact Award has reached 1000+ young people aged 14-30 years old, from 10 Romanian cities interested in contributing to a change for the better in a wide variety of fields: education, technology, environment, health, human rights, etc.


Based on the decisions made by the jury, the selected finalist teams had access to mentoring and a series of webinars, as part of the incubation program during the summer, in order to better model their business ideas with competition partners such as ENEL, Erste Foundation, and BCR..


In parallel with the educational program, we have organized an open call for applications for the SIA competition. The call closed with 53 projects, out of which 32 where eligible for the competition. On June 18th, we have announced the 15 finalists, selected by our Jury members based on their level of innovation, feasibility and social impact. From June to October, the finalists will benefit from mentoring, access to experts, and educational support, as part of the Incubation Program. On October 3rd, the best 3 teams were awarded 1,500 Euros each.


Learn more: www.socialimpactaward.ro


PROBLEM STATEMENT:


Low understanding of social entrepreneurship among youth.


TARGET GROUP:


Youth 16-29 Age group


PROPOSED SOLUTION:


By engaging youth in social entrepreneurship workshops and funding of SEs


 ACTIVITIES:


·      ·        Co-organization of entrepreneurial workshops in over 20 cities across Romania


·        Co-organization of incubation and mentorship program


 


SHORT-TERM GOALS / RESULTS:


·        Over 70% of participants in entrepreneurial workshops state they have a better understanding of social entrepreneurship.


·        Over 85% of incubation program participants feel better prepared to become social entrepreneurs


·        Funding of 12 start-ups


 


LONG-TERM CHANGE:


Mentor and build up a community of change-makers who wants to bring improvements and innovative solutions to the communities they belong to and sees social and environmental needs and issues as opportunities. They generate positive change in society through the resources and knowledge it has or intends to learn, being ambitious, and persevering in their mission - to make a difference on a large scale through their business.


AVAILABLE METRICS:


·        Over 2000 youth participated in SIA activities


·        More than 12 shapers


·        More than 200 youth in incubation/mentorship activities


·        12 start-ups financed


COLLABORATORS:


Multiple Media and NGO Partners