PRISM Awards to honor social entrepreneurship
This year’s PRISM Award is accepting nominations no later than 7th February. The award ceremony, which happens annually, is presented to entrepreneurs who use their business acumen for the good of the society and not for gain.
It is presented by the Colorado Institute for Social Impact.
The main categories are:
- Social Impact Business of the Year
- Social Entrepreneur of the Year
- Social Impact Startup of the Year
The award will cover businesses and entrepreneurs from all over the state. Entrepreneurs and businesses can also nominate themselves. One recognition in each category will be awarded in northern and southern Colorado.
For a business to be nominated, it must have demonstrated social impact to Colorado and it must be based in the state. Both nonprofit and for-profit businesses are eligible, however, nonprofit must have 60 percent earned revenue.
The Social Impact Business of the Year is an entity that has been in operation for at least three years. It has a precise environment, community and social impact and also champions business profitability and growth.
“The Social Impact business of the Year has a clear and articulate Social Impact Model, which is regularly shared and understood in the community with articulated plans for the future,” the institute’s website states.
It aims to award “someone who achieves systemic and sustainable social change through innovation, a unique approach to a product or service, an innovative partnership or a redesign of known technologies or strategies, or a combination of these.”
“We are seeking someone who can innovate with direct impact to a population, cause or industry by finding a new product, a new service, or a new approach to a social problem.”