Fundación MAPFRE Social Innovation Awards 2024 (€40,000 prize)

The Fundación MAPFRE Social Innovation Awards were launched in 2017 with the clear goal of promoting projects capable of generating a positive impact on our environment and of being replicated in other contexts, amplifying their scope.

This new call is aimed at projects developed in four major geographic regions: Brazil, the rest of Latin America, Europe and the United States. They all have a high potential for impact in the following key categories:

• Safe and sustainable mobility.
• The Silver Economy.
• Health improvement and digital technology (e-Health).

If you are developing an initiative that offers creative and collaborative solutions in these areas, is focused on promoting social justice, inclusion and sustainability, and has the capacity to generate a multiplier effect for social change, they invite you to present it.

Benefits of Fundación MAPFRE

• From all the projects submitted, they will shortlist 12 finalists (three per category and region), which will receive mentoring and personalized online coaching and will travel to Madrid to participate in the Grand Final.
• The three winners, one in each category, will be announced during the ceremony and they will receive a prize of 40,000 euros in cash to promote their project.
• In addition, all the participants will become part of a network of social innovators, Red Innova, which promotes knowledge exchange and expert support.

Check : AAUW International Project Grants 2024/2025 (up to $10,000)

Eligibility for Fundación MAPFRE

• The project should be developed in one of these regions: Brazil, the rest of Latin America, Europe and the United States.
• Initiatives may come from university students, business schools, scientists, researchers and university professors, as well as from entrepreneurs with innovative projects, both natural and legal persons.

In addition, projects must absolutely fulfil the following requirements:

• Formal, material and geographical requirements. You may submit your project if you belong to any of the specified geographical regions and your project is related to one of the three above-mentioned categories.
• Your team must include at least one team member who is working full-time on the project.
• The project must have at least one prototype or pilot test of a social innovation idea that includes user participation.
• The person or promoter entity for your project must not have received income above €300,000 in 2023.

Selection Criteria

The projects submitted will be assessed according to the following selection criteria:

• The potential for social impact in one of the three award categories.
• The innovation of the project submitted for the competition and the arguments that prove its value to become a reality in addressing a social problem.
• The viability of the project, in technical, economic and organizational terms.
• The ability and experience of the team to carry out the proposal submitted and the level of commitment.
• The maturity of the idea, demonstrated in initial pilot/test results and experimental programmes (scope, dimension, KPIs, learning, milestones achieved).
• Associated legal aspects: any projects for which there are doubts regarding their legal standing will be excluded.

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