Encore Award
The Zugabe Prize annually honors founders aged 60 and over and is endowed with €60,000 each. Applications are accepted on an ongoing basis.
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Grant criteria
Funding objective
The Zugabe Prize honors three individuals who have found solutions to societal challenges through entrepreneurial means and have successfully built a purpose-driven company.
Eligible to apply
- Individuals
- Founders
Funding requirements
- Age from 60 years
- Founding of a common good-oriented company
- Entrepreneurial solution for social challenges
Evaluation criteria
- Innovative content of the entrepreneurial concept
- Public benefit orientation of the business model
- Social impact and relevance
Description
The Zugabe Prize of the Körber Foundation honors founders aged at least 60 who have established socially responsible enterprises in Hamburg. Each year, three individuals are awarded and receive a one-time grant of 60,000 euros each. This initiative sends a strong message that experience and innovative strength can generate creative solutions to societal challenges even after midlife. This prize highlights projects in the fields of social issues, business financing, start-ups, as well as work & social affairs, emphasizing their significance for a sustainable and just society.
Eligible to participate are private individuals and start-up founders aged 60 and above who are entrepreneurially active and demonstrate verifiable social benefit. Selection is based on the criteria of innovation content, social added value, and entrepreneurial success. Applications can be submitted at any time informally to the Körber Foundation. Through this funding, committed founders are encouraged to harness the potential of their life phase and become pioneers for social impact through business. Interested parties can find all necessary information and further details on the procedure on the Körber Foundation’s website.
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