Organised by the EIB Institute, the SIT recognises and supports the best European social entrepreneurs whose primary purpose is to generate a social, ethical or environmental impact.
The fifteen finalists selected will compete for four prizes awarded by a jury composed of specialists from the academic and business world: a first prize of EUR 50 000 and a second prize of EUR 20 000, in two different categories - general and special.
This year, the special category prizes will go to projects focusing on the environment (with a special emphasis on biodiversity and ecosystem conservation. Two projects will be selected to attend INSEAD Social Entrepreneurship programme in Fontainebleau, France.
The tournament runs in two rounds:
In the first round, a selection committee comprised mainly of EIB Group experts in innovation, environment and other relevant disciplines, will select 15 finalists. The finalists will be invited to a mentoring bootcamp to provide them with the necessary guidance for the finalisation of their proposals
In the final event, all the finalists will present and defend their projects to a jury composed of social innovation specialists.
The final event will take place in Lisbon, Portugal, on 8 October 2020.
The EIB Group has stepped up its level of precaution at its headquarters in Luxembourg and in its external offices. All staff will telework as of 16 March. A small number of staff whose physical presence on EIB premises is indispensable will continue to be present on the EIB campus. The decision aims to protect the health of employees and ensure the continuity of the EIB Group’s activity.
On Wednesday the EIB identified its first case of one staff member who tested positive for corona virus.
As a precautionary measure, the EIB decided not to hold the meeting of its Board of Directors planned for Thursday 12 March in person. Decisions on the Board’s agenda will be taken by written procedure. The Bank has put in place measures to prevent disruption to its governance or operation approval schedule.
On Monday 2 March, the former President of the European Council, Donald Tusk, visited the EIB in Luxembourg on a joint invitation from the Bank, the European Stability Mechanism (ESM) and the Court of Auditors.