The Nestlé company’s ‘Nestlé Prize 2013′ is seeking projects in the areas of Water, Nutrition or Rural Development implemented in low and middle income countries. The Nestlé Prize is organized once in every two years and it provides a funding of up to CHF 500 000 (approx. USD 530 000) to scale up or replicate his initiative.
The Nestlé Prize in Creating Shared Value is for any public or private organization (e.g. not-for-profit organizations, governmental and inter-governmental organizations, private businesses, academic institutions, etc.) or individuals having reached the legal age of majority.
Water, Nutrition or Rural Development projects that have proven their worth on a pilot or small-scale basis; are judged to be feasible on a broad-scale basis or replicable in other settings or communities; have high promise of having a social impact, through either improving access to nutrition, improving rural development, or having a significant impact on water management or access to clean water and have built on a sound and viable business model can be nominated under this Prize.
The Nestlé Prize in Creating Shared Value is international in scope. Entities may reside in any country in the world. The Entry may, however, only cover projects implemented in low and middle income countries.
Nestlé will commit to the Prize Laureate an investment of up to CHF 500,000 for a specified period of time to assist in the scaling up of the awarded project. The Creating Shared Value Advisory Board may decide to award the Prize to more than one, but a maximum of three, Laureates. The value of each Nestlé Prize for each Laureate would then depend on its various merits and needs and defined at the sole discretion of the Creating Shared Value Advisory Board, but a minimum of CHF 50,000 per Laureate. The total value for all Laureates will not exceed CHF 500,000.
The deadline to submit nominations is 31 March 2013. For more information, visit this link.