The Nestlé Prize in Creating Shared Value 2012 is now open for nominations. Launched in 2009, the Nestlé Prize in Creating Shared Value seeks to encourage and reward innovative approaches to the problems of nutrition, water, and rural development. The winner receives 500,000 Swiss francs, approximately US $480,000 to expand the project or replicate it in other communities.
The Prize is awarded in alternate years to an individual, a non-government organisation, a governmental organization, a research institute or a small enterprise, that has shown outstanding promise in improving access to, or management of, water; enhancing the lives of farmers and rural communities; or providing better nourishment to communities suffering from nutritional deficiencies.
This year’s winner was International Development Enterprises (IDE) Cambodia for a project improving agricultural productivity and income among the rural Cambodian population.
Nominations will be accepted until 30 June 2011 and the Prize will be awarded in 2012.