The Swahilipot Hub and 1000 Alternatives are in a long-term strategic partnership towards spurring profit-driven innovations generating positive social impact. The MoU signed between the two organizations creates opportunities for collaboration in the identification, nurturing and investing in “lock-step” social enterprises that guarantee social impact by becoming commercially viable and sustainable.
1000 Alternatives is supporting a prize to be awarded during the Pwani Innovation Week (PIW), an annual event by the Swahilipot Hub, which seeks to create awareness and support for innovations and social enterprises that work for the benefit of the coastal counties of Kenya. PIW 2018 is scheduled to be from the 3rd to the 7th of December 2018 to be held at the Kenyan coastal city of Mombasa.
The request for proposals for #PIWPitch was opened to early-stage companies from or operating in the Republic of Kenya that have not received any equity investment yet and have the potential for replicable, large-scale impact and profit through their products and services.
The cash prize is for two winning companies with profitable and scalable innovations in education, health and livelihoods that deliver positive social impact. A total of 15 companies (including the two cash prize winners) will also participate in a 3-month incubation programme.