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WHAT IS THE SOCIAL IMPACT AWARD?

The Social Impact Award is not just a prize, but an educational program developed for young people who want to start their own social business.


WHAT IS A SOCIAL BUSINESS?

Nobel Prize winner Muhammad Yunus, creator of the concept of social business has coined the following definition:
A business that repays its own investment, its own costs and at the same time generates profits, while the owners make no profit from it, they only get back what they invested. This is all. The whole business is committed to solving people's problems, it has no other purpose. So this is what we call social-business, a no-dividend business that solves people's problems.

1.

Resolves important social problems

Similar to nonprofit organizations

2.

Generates profit

Similarities with profitable companies

Examples of social businesses:

Unemployed women in Serbia now produce and sell bags made from used posters, and they make money from their sales, while protecting the environment through recycling.

A group of young engineers from the United States produce a device that resembles a sleeping bag and serves to warm up prematurely born babies, in cases of power shortages in hospitals and clinics.

WHO CAN APPLY?

Young people from Kosovo, aged between 14 and 30, who are interested in social entrepreneurship, community advancement and starting their own business.


TIME FRAME


EVENTS

Prishtina

Mitrovica

Gjakova

We organize events for students to promote the concept of social business and explain what it means.

We organize workshops for students so they can start their own social business.


VOTING

Upon completion of the application process, the jury selects the 7 finalists who will go through the incubation stage. Following that, a winner will be selected by the community through online voting, and the jury will vote on the two remaining prize winners.

Do you have an idea, but not the means to accomplish it? Would you like to contribute to society through your work?
Apply to the Social Impact Award program!


Partners:

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