An exciting new £100,000 Prize scheme for the water sector: The Stone Prize for innovation and entrepreneurship in water was launched on 1 February 2012. The foundation wants to find and support exciting, new initiatives in the water sector that are innovative, sustainable and entrepreneurial. Initiatives should be focused on improving the quality and access to drinking water in sub-Saharan Africa and South and South East Asia that are developing sustainable and effective services to get clean drinking water to people who need it. This could be: marketing and selling low-cost household water purification technology, or using mobile phone technology to process water kiosk payments cheaply.
Applications will be assessed against the following criteria: innovation, entrepreneurship, early-stage of development, effectiveness, sustainability and scalability. Winning organizations will receive a £100,000 cash prize to take their initiative to the next stage of its development. Up to five prizes will be awarded. Individuals, NGOs, social enterprises and even for-profit companies are eligible for a Prize, as long as they meet the criteria and can show their commitment and ambition to develop their initiative to achieve maximum impact. Winning applications should show that their idea works, and that applicants have the ambition and energy to take the initiative to the next stage. The application process involves filling in a short web-based application form. Completed forms must be submitted by World Water Day on the 22nd of March, 2012.
The Stone Family Foundation is a UK-based funder supporting innovative, sustainable and entrepreneurial approaches to major social problems, in the UK and around the world.
Since September 2010, the foundation’s main focus has been on water, sanitation and hygiene (WSH).
The foundation was set up in 2005 by John Stone, a British entrepreneur, and currently has an annual expenditure of roughly £5m. The majority of the foundation’s funding is targeted at WSH, but it also supports projects in the UK for adult mental health and disadvantaged youth.
More information can be found on the Stone Family Foundation’s website: http://www.thesff.com
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