Winners Of Profit With Purpose Prize Money Of €24,000 Revealed

Vanessa Conneely - 13th May 2019

Awards handed out to four separate social innovations.

An app to support young people coping with mental health challenges, an initiative to support victims of domestic abuse get back to work, a smart parking system and a restaurant staffed by people with disability all shared a €24,000 prize on Monday.

The awards of €6,000 each, were presented at a two-day social innovation event, hosted by Profit with Purpose. They were held at the Malta Innovation Hub, which is part of the Malta Life Sciences Park. Three of the awards were sponsored by ENISIE, a project which was created to enable innovation through services and institutional engagement between Sicily and Malta. The fourth award was presented by the Valletta Design Cluster and the Malta Innovation Hub.

Ing. Joseph Sammut, Chairman of the Malta Life Sciences Park, said, “Profit with Purpose showed just how many great social innovation ideas are out there. It was so encouraging to see dozens of entrepreneurs coming forward with viable commercial projects that also tackle a societal issue. The final pitch for the awards was very impressive and the independent judging panel found it so hard to choose the winners that, in fact, and extra award was added to the three originally planned.”

The winners will now benefit from €6,000 each in support services including hot desk access and business development consultancy expertise. Profit with Purpose was organised together with the Malta Council for the Voluntary Sector and Impact HUB Siracusa and Tree. The four organisations are part of ENISIE, which is supported by the European Union’s Program INTERREG V-A Italia-Malta, which provides funds for intra-regional projects.

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