The Nestlé Prize in Creating Shared Value
Want to know more?
Just watch the
film 
The Nestlé Prize in
Creating Shared Value will be awarded every other year to an individual, a non-governmental organization (NGO), or a business for developing an outstanding innovation that:
- has proven its worth on a small-scale;
- is judged to be feasible and applicable on a broader scale or in other communities; and
- has high promise of improving rural development, improving nutrition, improving access to clean water, or having a significant impact on water management.
COCOA INNOVATION PROJECT: A propogation specialist, above, develops a new medium to grow plants with deep penetrating roots for greater drought tolerance. Working with local farmers the team experiment and showcase improved yield and quality of crops. Knowledge will be transferred to other water stressed regions.
Unlike other “one-time” prizes, awards or honours, the Nestlé Prize in Creating Shared Value will commit to the Prize Laureate an investment of up to CHF 500,000 for a specified period of time to assist in the development of the innovation to bring it to scale. That’s what makes the Nestlé Prize unique – a financial commitment that may continue for several years to ensure success.
In addition to helping us meet our long-standing commitment to create value in the communities that we operate, the establishment of the Nestlé Prize in Creating Shared Value is consistent with Nestlé’s commitment to the advancement of the UN Millennium Development Goals and the UN Global Compact Principles.
The first Nestlé Prize in Creating Shared Value will be awarded in April 2010. To nominate an individual, an NGO, or a small enterprise for an outstanding innovation in water, nutrition or rural development, please read the Official Rules and use the Nomination Form. A document with Frequently Asked Questions (pdf, 41 kb) about the Nestlé CSV Prize is also available.
Entries will be judged by the Nestle Prize Screening Committee, which will come up with a list of five finalists, based on the selection criteria. The Advisory Board on Creating Shared Value makes a final decision on the Laureate on the recommendation of the Screening Committee.
Important dates
1 July 2009: Nominations open
31 October 2009: Nominations close
November 2009: Review of applications by the Screening Committee
December 2009: Review of short list by the Advisory Board on Creating Shared Value
Jan - Feb 2010: Request for complementary information on finalists
April 2010: Announcement of Prize Laureate