January 24, 2023

Launch of 2023 Social Innovation Tournament. Apply by 23 February 2023


From 16 January to 23 February the European Investment Bank (EIB) Institute will be accepting applications for the 2023 Social Innovation Tournament (SIT). The SIT is the flagship initiative of the Institute’s Social Programme that recognises and supports the best European social entrepreneurs whose primary purpose is to generate a social, ethical or environmental impact. Projects can cover any of the 17 SDGs, and this year’s prizes in the Special Category will go to projects focusing on sustainable cities and communities.

Winning projects in both the General Category and the Special Category will be awarded a first or second prize of €100 000 or €40 000, respectively. There will also be an Audience Choice Award of €10 000. Most importantly of all, every finalist will be admitted to the SIT Alumni network, which will offer them capacity-building opportunities, access to pitching events, visibility and recognition.

The tournament runs in two rounds. First, 15 finalists will be selected by the Selection Committee, comprised mainly of EIB Group experts in innovation, environment and other relevant disciplines, supported by Stone Soup Consulting. These selections will be made by 17 May.

The 15 finalists will then complete a tailored, multi-part training programme: Mentoring Boo(s)tcamp, e-training on pitching, one-to-one coaching sessions and Rehearsal Days. These events are designed to help them finalise their project proposals and prepare for the Grand Finale, which will take place in two parts on 27 and 28 September.

The Grand Finale is the second round of the competition. On 27 September, the finalists will present their projects to a jury of social innovation specialists at the Deep Dive Pitches (an invitation-only event). Then, on 28 September, the finalists will each have the chance to inspire an audience with their project at the Spark Moments at which the winners will be announced. This will conclude with the Awards Dinner.

The EIB Institute is hosting two Q&A webinars to help #SIT applicants prepare:

  • Wednesday, 25 January 2023 17:00 (CET)
  • Thursday, 9 February 2023 10:00 (CET)

For more information and guidelines on the application process, click this link 👉