- The BID-FEMSA 2020 Award for innovation in water, sanitization and solid residues grants up to US$10 thousand to three winners.
Washington, June 29th, 2020. The Inter-American Development Bank and FEMSA Foundation issued the announcement for the BID-FEMSA 2020 Award, which since 2009 recognizes the most innovative solutions in the sectors of water, sanitization and solid residue management in Latin America.
This year the BID-FEMSA Award will take place in a virtual format completely through www.premiobidfemsa.com. For this edition, the Award will grant a prize of US$10 thousand to each winner of the three categories of 2020: Water, Sanitization and Solid Residues. The innovative solution for water, sanitization and/or solid residues that presents a way to create solutions related with COVID-19 in an original manner will be recognized as well.
The BID-FEMSA Award granted by the division of water and sanitization of IDB and FEMSA Foundation, recognizes each year the most innovative solutions with demonstrated results to overcome deficiencies and challenges in the sectors of water, sanitization and solid residue management in Latin America. Since 2009 it is awarded to enterprises, products, initiatives or creative and innovative services that already have an impact and positive demonstrable results in these sectors.
The challenge is open since June 25th until August 9th, 2020. The requirements and electronic form to participate are available in the official page of the BID-FEMSA 2020 competition at www.premiobidfemsa.com in English and Spanish. The organizations or enterprises that wish to participate can present their solution in the four official languages of the IDB (English, Spanish, Portuguese and French) and refer their questions to firstname.lastname@example.org.
Innovations with solution development or products that have been implemented and in execution for a minimum time of 6 months and a maximum of four years since the opening of this announcement. As in previous years, all participants must present as part of their inscription a video no longer than two minutes that explains their innovative solution.
The Award will be given in a live virtual ceremony at the beginning of December 2020, in which the finalists will have the opportunity of presenting their solution to the judges and the public.
An initial jury of experts in the water and sanitation sector will select a maximum of seven (7) participating solutions as finalists, which will be invited to the final round to compete for the first place in each category of the contest. The selected finalists will compete presenting their solution in a pitch by fire format of 2 minutes maximum before a final jury of experts and leaders of the sector at an international level, which will choose the three winners.
To know more of the BID-FEMSA Award and previous winners you can visit the official website in Spanish and English. The updates of this contest will take place through the blog of the Water and Sanitation Division Volvamos a la Fuente (Let’s go back to the fountain).
FEMSA is a leading company that generates economic and social value through enterprises and institutions and aims to be the best employer and neighbor of the communities where it is present. It participates in retail trade through FEMSA Comercio, which englobes the Proximity Division, a chain of small stores of which OXXO is a part; a Health Division which includes pharmacies and related activities; and a Fuel Division that operates the OXXO GAS chain of service stations. In the beverage industry it operates Coca-Cola FEMSA, a public bottler of Coca-Cola products; and in the brewer sector it is a stockholder of Heineken, a Company present in more than 70 countries. Additionally, through Strategic Businesses FEMSA, it offers logistics services, refrigeration at selling points and plastic solutions to FEMSA companies and external clients. Through its Business Units it employs approximately 300 thousand collaborators in 13 countries. FEMSA is a member of the Dow Jones Sustainability MILA Pacific Alliance Index, the FTSE4Good Emerging Index and the Sustainable Prices and Quotation Index of the Mexican Stock Market, among other indexes that evaluate its performance in sustainability.
About the IBD
It gives infrastructure through financial and technical support to the countries that work to reduce poverty and inequality. The objective is to achieve development in a way that is sustainable and respectful to the planet. With a history that goes back to 1959, today we are the main source of financing to the development in Latin America and the Caribbean. We offer loans, donations and technical assistance, and do research.
About FEMSA Foundation
In FEMSA Foundation, our mission is to positively impact the persons and communities through social investment for sustainability. We make a better future for all by working in three strategic areas: we promote the efficient management of resources for sustainable development, we support the integral development of early childhood and we promote Latin American art and culture. For further information visit us at www.fundacionfemsa.org or follow us on Facebook (/FundacionFEMSA) and Twitter (@FundacionFEMSA).