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Environment & Sustainability, Energy, Innovation

FT/IFC Transformational Business Awards 2019

Harnessing Innovation and Capital for Impact

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Speakers include:
Pilita Clark

Pilita Clark

Financial Times

Alzbeta  Klein

Alzbeta Klein

International Finance Corporation (IFC)

Darren Welch

Darren Welch

UK Department for International Development (DFID)

Overview

The Financial Times and the International Finance Corporation (IFC), a member of the World Bank Group, have announced the winners of the 2019 FT/IFC Transformational Business Awards. 

This year’s programme marked 14 years of collaboration between the FT and IFC on awards that have had a substantial impact on the way financial and non-financial organisations approach sustainable investment.

The Transformational Business Awards highlight ground-breaking, long-term private sector solutions to major development issues, with the programme’s core categories all directly related to global efforts to achieve the UN Sustainable Development Goals (SDGs). The 2019 Awards also included a special category on harnessing technology for people with disabilities, supported by the UK Department for International Development (DFID). A record 270 entries were received from 246 organisations working in all regions of the world.

The awards were presented at a special dinner in London attended by around 200 senior decision-makers in business, finance and development. The event followed a half-day Transformational Business Conference organised by the Financial Times and IFC.

Lithium Urban Technologies from India received the award for Excellence in Transformational Business for its electric vehicle transportation services.

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fallback Add to my Calendar 12/18/2018 00:00:0003/15/2019 00:00:00trueFT/IFC Transformational Business Awards 2019The Financial Times and the International Finance Corporation (IFC), a member of the World Bank Group, have announced the winners of the 2019 FT/IFC Transformational Business Awards. This year’s programme marked 14 years of collaboration between the FT and IFC on awards that have had a substantial impact on the way financial and non-financial organisations approach sustainable investment.The Transformational Business Awards highlight ground-breaking, long-term private sector solutions to major development issues, with the programme’s core categories all directly related to global efforts to achieve the UN Sustainable Development Goals (SDGs). The 2019 Awards also included a special category on harnessing technology for people with disabilities, supported by the UK Department for International Development (DFID). A record 270 entries were received from 246 organisations working in all regions of the world.The awards were presented at a special dinner in London attended by around 200 senior decision-makers in business, finance and development. The event followed a half-day Transformational Business Conference organised by the Financial Times and IFC.Lithium Urban Technologies from India received the award for Excellence in Transformational Business for its electric vehicle transportation services.FT/IFC-Transformational-Business-Awards-20197c8a043687e57fa3b7112b7a5b8937a3MM/DD/YYYY

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‘We need to place visual markers of sustainable finance in all the world’s great financial centres – making its creative force more visible in the most powerful way.’ Tessa Tennant, 2018

We’re creating an ambitious public sculpture celebrating the transformative power of finance to tackle our planet’s most pressing environmental and social concerns – and we need your help to make it happen. Amulet will be created by Dalziel + Scullion, two leading British artists - and with your support, we plan to unveil their extraordinary work in the heart of the City of London in 2020.

“AMULET monumentalises a simple gesture, a twisted loop of grass, to draw attention to our relationship with and dependence on the Earth. A timeless symbol, the circle is associated with the reciprocity of the Earth and the idea that nature and finance must become equal partners.” Dalziel + Scullion, 2019

The work aims to become a powerful symbol for financial centres around the world and will engage on the importance of sustainable finance as a planetary imperative. Launched in 2018, the Sustainable Finance Sculpture project is inspired by the life and work of Tessa Tennant OBE (1959-2018), a trailblazing pioneer of responsible investment. The project is led by a committee of sustainable finance, climate change and art experts and is a project of CDP Worldwide, charity no. 1122330 and company no. 05013650, with its registered office at Plantation Place South, 60 Great Tower Street, London EC3R 5AD.

Find out more
www.sustainablefinancesculpture.net

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JUDGING CRITERIA 2019

Download here

2019 Winners

Transformational Solutions in Urban Infrastructure
Winner: Lithium Urban Technologies Electric Vehicle Transportation Services
Special Commendee: Rensource Distributed Renewable-Based Energy to Urban Micro SMEs 

Transformational Solutions in Food, Water and Land 
Winner: TIPA Compostable Flexible Packaging Solutions
Special Commendee: Neat Eco-Feeds High Protein Feed and Compost

Transformational Solutions in Health, Wellness and Disease Prevention 

Winner: MobileODT EVA System for Cervical Cancer Screening  
Special Commendee: Healthy.io Smartphone Camera Urinalysis

Transformational Solutions in Education, Knowledge and Skills 
Winner: SIS Budget Schools Vertical Collaboration Ecosystem

Special Commendee: Nova Pioneer Schools for Innovators and Leaders

Special Award: Innovating for Disability 
Winner: Amparo Confidence Socket
Special Commendee: TuneFork Smart Device-Based Hearing Loss Diagnostic 

Overall Award: Excellence in Circular Economy Innovation
Winner: Neat Eco-Feeds High Protein Feed and Compost  

Overall Award: Excellence in Disruptive Technologies

Winner: N-Drip Gravity Micro Irrigation 

Overall Award: Excellence in Climate Solutions

Winner: Rensource Distributed Renewable-Based Energy to Urban Micro SMEs  

Overall Award: Excellence in Transformational Business

Winner: Lithium Urban Technologies Electric Vehicle Transportation Services

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FULL OVERVIEW

The Financial Times and the International Finance Corporation (IFC), a member of the World Bank Group, have launched the sixth edition of the FT/IFC Transformational Business Awards.

The 2019 Awards include a new, special category on harnessing technology for people with disabilities, supported by the UK Department for International Development (DFID). The new category was announced by World Bank CEO Kristalina Georgieva at the Global Disability Summit organised by DFID in July 2018.

The important role of cities in driving progress in sustainable development is highlighted in a revamped category focused on Urban Infrastructure.

The core categories are now all directly related to global efforts to achieve the UN Sustainable Development Goals (SDGs). Within this overall focus, special attention will continue to be given to initiatives that address climate change and harness disruptive technologies and business models to increase impact and scale. Innovative financing solutions will also be highlighted, along with the role of institutional investors and other large holders of capital in supporting the SDGs.

The Awards are open to all private sector organisations. Start-ups with innovative solutions and a clear roadmap to financial sustainability are encouraged to apply.

The 2018 Awards attracted 189 entries from 278 organisations involving projects in more than 126 countries.

The deadline for entries is 15 March 2019 at 5pm GMT.

The Financial Times and IFC have worked together for more than a decade on global awards initiatives that have had a significant impact on the way financial and non-financial institutions approach sustainable investment. These initiatives began in 2006 with the FT/IFC Sustainable Banking Awards, which evolved into the Sustainable Finance Awards in 2011 and the Transformational Business Awards in 2014.

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2019 Awards Shortlists

The shortlisted nominees are as follows:

Transformational Solutions in Urban Infrastructure
Azuri Technologies Quad Solar Home Systems with HospiCash, Kenya
JP Morgan Chase AdvancingCities Initiative for Underserved Neighborhoods, USA
Lithium Urban Technologies Electric Vehicle Transportation Services, India
Rensource Distributed Renewable-Based Energy to Urban Micro SMEs, Nigeria
Smart Havens Africa Pathway to Sustainable Home Ownership by Women, Uganda
SmartSíndico Low-Income Condominium Management App, Brazil
Yego Innovision Ride-Tap-Pay Offline Ride-Hailing System, Rwanda

Transformational Solutions in Food, Water and Land 
Agrosmart Data Intelligence for the Agricultural Value Chain, Israel, Latin America, USA
Evigence Sensors Smart Expiration Date Solution, South Korea, USA
Farmcrowdy Digital Agriculture Platform for Small-Scale Farms, Nigeria
Fenik PhaseTek Solar-Powered Refrigeration Solutions, Morocco
N-Drip Gravity Micro Irrigation, Global
Neat Eco-Feeds High Protein Feed and Compost, Burkina Faso, Ghana
TIPA Compostable Flexible Packaging Solutions, Global

Transformational Solutions in Health, Wellness and Disease Prevention 
Florida Insect Control Group Pest Management Solutions, Global
Healthy.io Smartphone Camera Urinalysis, Israel, Netherlands, UK, USA
ImmunifyMe Smart Vaccination Scheduling and Monitoring Tool, Global
MobileODT EVA System for Cervical Cancer Screening, Global
SalaUno Visual Care for Vulnerable Remote Locations, Mexico
SonoCare Medical Imaging Solutions for Healthy Pregnancies, Nigeria
Viz.ai Solutions for Faster Stroke Diagnostics, USA

Transformational Solutions in Education, Knowledge and Skills 
Aliat Universidades Higher Education System for Working Adults, Mexico
Ashesi University New Leadership for Africa Programmes, Ghana
Edilar Red Magisterial Social Network for Teachers, Mexico
Enko Education Customised International Curricula Programs, Sub-Saharan Africa
Nova Pioneer Schools for Innovators and Leaders, Kenya, Nigeria, South Africa
PHINMA Education Parallel Classes and "Handog Kaibigan" Tuition Schemes, Philippines
SIS Budget Schools Vertical Collaboration Ecosystem, Indonesia

Special Award: Innovating for Disability 
Amparo Confidence Socket, Global
EyeControl AI Eye-Tracking Camera, Israel, UK
OrCam Technologies AI-Driven Artificial Vision, Global
ProsFit Technologies Global Solutions for Confident Mobility, Global
Sesame Enable Touch-Free Access for Mobile Devices, Global
TotoSci Academy AlexCane for the Blind, Kenya
TuneFork Smart Device-Based Hearing Loss Diagnostic, Israel, USA

A total of 270 entries were received – the highest number of submissions since the FT and IFC launched their awards in 2005 - from 246 organisations on solutions impacting all regions of the world.

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Judges (9)

Pilita Clark

Pilita Clark

Associate Editor and Business Columnist
Financial Times

Pilita Clark is an Associate Editor and Business Columnist at the Financial Times. She writes a weekly column on modern corporate life, as well as features and other articles. Pilita has worked for the FT since 2003, covering aviation and the environment. She was the FT's Environment Correspondent from 2011 to 2017.

Pilita was previously a Washington correspondent for Australian newspapers and a Nieman Fellow at Harvard University.

Alzbeta  Klein

Alzbeta Klein

Director and Global Head of Climate Business
International Finance Corporation (IFC)

As the Director and Global Head of IFC’s Climate Business, Alzbeta’s role is to facilitate business growth, provide thought leadership, fundraise and facilitating all work related to renewables, climate-smart agribusiness, green bonds and other climate business areas. Prior to her current appointment, she was a director and global co-head of Agribusiness, Manufacturing and Services Investments group where she managed over $13 billion of assets in emerging markets, leading a group of 400 bankers in 60 IFC offices worldwide. During the past 20 years, Alzbeta worked in many areas of IFC and rose through the ranks, including serving for two years as the Chief of Staff to IFC’s former CEO Mr. Lars Thunell.

 

In her current position, Alzbeta revitalized and grew IFC Climate Business which now accounts for a quarter of all IFC investments. She created and currently executes the new climate business strategy which envisages further growth of business anchored in new technologies and their facilitating role in business growth, particularly in emerging markets. Her team also piloted and implemented carbon pricing for the Corporation’s largest investments, and a corporate disclosure of carbon footprint.

Alzbeta joined IFC from the Export Development Corporation (EDC Canada) and the Canadian Imperial Bank of Commerce (CIBC). She received Master’s degree in Economics from the University of Ottawa, Canada, where she also studied for her doctorate; engineering degree from Prague University, Czech Republic; and executive education from Harvard Business School and INSEAD. She holds a Chartered Financial Analyst (CFA) designation. She has served on several corporate and non-profit boards, including New York University Stern Center for Sustainable Business Advisory Board, Hans Merensky (South Africa), Grupo Los Grobo (Argentina), ShoreCap Investment Fund (US) and as the founding board member of the Chartered Financial Analyst (CFA) Society in Russia.

 

IFC is a Member of the World Bank Group and is the world’s largest multilateral financier of the private sector in emerging markets. IFC’s portfolio is over $60 billion, comprising investments in some 1,800 companies worldwide.

Darren Welch

Darren Welch

Director of Policy
UK Department for International Development (DFID)

Darren Welch joined the UK Department for International Development (DFID) in 2007. He initially worked as Head of Information and Communications in the Communications Division, before becoming Head of DFID’s office in Tanzania from 2008 to 2011. He then spent four years working in Brussels at the UK’s Representation to the EU, in the role of Counsellor for Trade, Development, Africa, Asia & the Americas. In 2015-16, Darren was Head of the International Team at the UK’s Joint Syrian Resettlement Programme and in 2016-17, Head of DFID’s Migration and Modern Slavery Department. Since Spring 2017, Darren has been DFID’s Director of Policy, based in London. Prior to joining DFID, he worked in development consultancy, for the Government of Bermuda, and in a range of roles at the UK’s Cabinet Office.

Samir Abhyankar

Samir Abhyankar

Partner
TPG Growth

Samir Abhyankar is a Partner at TPG Growth based in London, working across sectors covering the group's investment activities in Africa. Prior to joining TPG Growth in 2015, Mr Abhyankar was a Partner with Satya Capital, where he focused on IT, consumer, financial services and retail investments. Previously he spent six years at Citi Venture Capital International, where he was responsible for its African investment activities, and CDC Group, where he was the Director of Strategy. He was also formerly a management consultant with Marakon Associates. Mr Abhyankar started his career with the World Bank as a banking sector analyst. He graduated with an MBA from INSEAD and holds an MA from Johns Hopkins' School of Advanced International Studies.

Kalipso Chalkidou

Kalipso Chalkidou

Director of Global Health Policy and Senior Fellow
Centre for Global Development

Kalipso Chalkidou is the Director of Global Health Policy and a Senior Fellow at the Center for Global Development, based in London, and a Professor of Practice in Global Health at Imperial College London. Her work concentrates on helping governments build technical and institutional capacity for using evidence to inform health policy as they move towards Universal Healthcare Coverage. She is interested in how local information, local expertise and local institutions can drive scientific and legitimate healthcare resource allocation decisions. She has been involved in the Chinese rural health reforms and health reform projects in Colombia, Turkey and the Middle East, working with the World Bank, PAHO, the UK’s Department for International Development (DFID) and the Inter-American Development Bank as well as national governments. In 2007-2008, she spent a year at the Johns Hopkins School of Public Health, as a Harkness fellow in Health Policy and Practice, studying how comparative effectiveness research can inform government drug pricing policies.

Kalipso led the establishment of NICE International, which she headed for eight years, and, more recently, of the international Decision Support Initiative (iDSI), a multi-country network working towards better health around the world through evidence-informed spending in healthcare in low to middle income countries. IDSI is funded by the Bill and Melinda Gates Foundation, DFID and the Rockefeller Foundation and is currently involved in national reform projects in China, India, Vietnam, Ghana, Indonesia and South Africa.

Kalipso holds a doctorate on the molecular biology of prostate cancer from the University of Newcastle (UK), an MD (Hons) from the University of Athens and is a visiting Professor at King’s College London and an adjunct professor at Griffith University in Australia. She sits on several journal editorial boards and has published over 100 peer-reviewed papers and book chapters.

Helen Clarkson

Helen Clarkson

CEO
The Climate Group

Helen Clarkson joined The Climate Group in March 2017 as Chief Executive Officer. Prior to joining The Climate Group, she worked at Forum for the Future where she founded the organisation’s US office. At Forum, Ms Clarkson led work with large US corporations such as Target, Walmart, Nike, Gap and Levi Strauss & Co to solve complex sustainability challenges at both the organisational and broader systemic level. She also served as Interim Chief Operating Officer for several months. Ms Clarkson joined Forum from Médecins Sans Frontières where she worked on humanitarian missions in countries including Democratic Republic of Congo, Sudan, Burundi, Pakistan and Nigeria. She has an undergraduate degree in Philosophy from Cambridge University, and a Master’s degree in Business Strategy, Politics & the Environment from Birkbeck College, University of London. She is also a Chartered Accountant.

Chris Locke

Chris Locke

Founder
Caribou Digital

Chris Locke is the Founder of Caribou Digital. He is also a Visiting Fellow at the University of California, San Diego's Center on Emerging and Pacific Economies, and Digital Ambassador to the United Nations Capital Development Fund (UNCDF). Caribou Digital works with development organisations to build digital economies in emerging markets, helping to take critical mobile services covering health, agri, money and learning tools to scale at a nationwide level. Mr Locke was previously the Managing Director of GSMA Mobile for Development. He has spent the past 15 years working in the mobile and internet industries for companies including the Virgin Group, Three, AOL and T-Mobile. Previous to his industry career, he was the Xerox Lecturer in Electronic Communication and Publishing at University College London, and has maintained strong links to the research community. He is co-editor of Thumb Culture: The Meaning of Mobile Phones in Society, an anthology of research considering the global social effect of mobile technology.

Kanini Mutooni

Kanini Mutooni

Managing Director, Europe, Middle East and Africa
TONIIC

Kanini Mutooni is a UK Chartered accountant and Harvard Kennedy School alumnus with experience at Director and board level at Bank of America Merrill Lynch, KPMG, EY and Kleinwort Benson Private Bank. She is currently the Managing Director for Europe, Middle East and Africa of TONIIC, an impact investing network based in London and San Francisco. She is also Board Chair of the Global Innovation Fund (GIF), a $225m fund focused on impact investment in emerging market commercial innovations that help solve social constraints.

Kanini is also an investment committee member of the African Agricultural SME fund II, a $120m fund focused on investing in small cap Pan-African early-to-growth stage agribusiness firms. The fund closed in June 2018 and has already committed over 30 per cent of its capital. Kanini was previously founding Investment Committee member of the Africa Enterprise Challenge Fund (AECF), a $227m continent-wide impact fund focused on agriculture and clean energy sub-sectors. AECF was one of the early patient capital investors in M-KOPA and Mobisol, two clean energy companies that have made a significant impact in the provision of solar power to communities in the region. She was also Vice Board Chair of Shelter Afrique’s Finance and Risk Committee. Shelter Afrique is a Development Finance Institution with membership from 43 African countries that provides debt and equity finance for affordable housing projects.

Kanini has an MBA from Cass Business School, City University London and was recognised by the World Economic Forum as a Young Global Leader in 2014 for her contribution to business and entrepreneurship. She is also a visiting lecturer at the University of Cape Town Graduate School of Business.

Henrik Skovby

Henrik Skovby

Chairman
Dalberg Group

Henrik Skovby is the former Global Managing Partner and founder of Dalberg. In his current capacity as Chairman of Dalberg Group, most of his time is dedicated to industry innovation and establishing new business lines under the Dalberg brand. As a strategy consultant, Mr Skovby's main focus has been corporate strategy and organisational reforms. He has led a series of institutional reviews in the development sector and has been involved in launching several global commissions and thought leadership initiatives. Prior to Dalberg, Mr Skovby worked at McKinsey & Company, where his focus was financial and public institutions. He began his professional career with the United Nations Development Program (UNDP), where he worked on project management, budget matters, and strategic positioning of the organisation. Mr Skovby holds a Master's of Public Administration degree from Harvard University, a degree in Business Economics from Copenhagen Business School, and an undergraduate degree in Political Science from University of Aarhus.

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AWARD SHORTLIST SUMMARIES | URBAN INFRASTRUCTURE

Azuri Technologies Quad Solar Home Systems with HospiCash

Azuri Technologies provides off-grid solar technology and income protection insurance for rural communities across 12 countries in sub-Saharan Africa. In combining these services with mobile money payment systems, this initiative has the potential to provide millions of otherwise marginalised individuals with access to both energy and increased financial security.

JP Morgan Chase AdvancingCities Initiative for Underserved Neighborhoods

JPMorgan Chase’s AdvancingCities initiative aims to provide opportunities for those who have not benefited from economic growth. It involves the strategic deployment of 500 million US dollars of capital to fund sustainable projects related to small business growth, financial health, workforce development and neighbourhood revitalisation.

Lithium Urban Technologies Electric Vehicle Transportation Services

Lithium Urban Technologies provides electric vehicle transportation services to over 25 Fortune 500 corporations in India. The company’s proprietary technology platform unifies the connected car, a charging network, and cloud and data analytics to reduce transportation costs for clients by up to 40 per cent. Its fleet of over 850 cars has cut carbon emissions by 15,000 tonnes and provided financial inclusion and social mobility to 2,000 families since 2014.

Rensource Distributed Renewable-Based Energy to Urban Micro SMEs

Rensource provides affordable and reliable energy to urban micro SMEs and households in Nigeria through localised solar-hybrid mini-grids. This service enables consumers to access predictable, fixed-price low-cost energy, with greater reliability and flexibility than using highly polluting, prohibitively expensive diesel generators or low-output solar PV systems.

Smart Havens Africa Pathway to Sustainable and Affordable Home Ownership by Women

According to the World Bank, only 13 per cent of women in Africa have sole ownership of their homes. In Uganda, over 70 per cent of the urban population is made up of women who live in over-crowded slums, and who often spend more than 50 per cent of their income on rent. Smart Havens Africa seeks to overcome this burden by creating environmentally-friendly and sustainable off-grid housing and by giving low- to moderate-income women an affordable ‘rent-to-buy’ pathway to owning a home with a secure title deed.

SmartSíndico Low-Income Condominium Management App

Around 15 million families in Brazil live in government-funded condominiums. Resident associations cannot maintain or manage these buildings due to lack of training and professional support. The SmartSíndico app provides a simple and affordable way to help tenants self-manage their buildings, including billing and financial tools, access to videos on laws, regulations and best practices related to the community, and a messaging platform for tenants to communicate problems and decisions.

Yego Innovision Ride-Tap-Pay Offline Ride-Hailing System

Africa has over 25 million taxis, most of which are unregulated and unlicensed, leading to both road accidents and criminal activities. Launched in Rwanda, Yego aims to tackle these issues by training and verifying drivers and providing them with smart tracking, an intelligent fare metering system, and distance-based fares that ensure them a livable wage. Passengers make cashless payments. Yego is designed to work with limited internet connectivity, in a nation where internet and smartphone penetration are still very low.

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AWARD SHORTLIST SUMMARIES | HEALTH, WELLNESS AND DISEASE PREVENTION

Florida Insect Control Group Pest Management Solutions

One-third of the world’s population is at daily risk of contracting a mosquito-borne disease, yet the mass use of mosquito-cides are harmful to both humans and the environment. Florida Insect Control Group’s ground-breaking pest control system mixes micro-porous plastic polymers with pesticides to directly target and kill mosquitoes without negatively impacting the environment, humans or other insects.

Healthy.io Smartphone Camera Urinalysis

Healthy.io aims to simplify and speed up access to medical diagnosis, and reduce pressure on strained healthcare systems, by turning smartphones into clinical-grade diagnostic devices for urine testing. Using a smartphone’s camera and a connected computer vision app to scan a standard urine test dipstick and transmit the result automatically to clinicians for review, the service allows patients to home-test for early signs of chronic kidney disease, urinary tract infections and routine prenatal checks.

ImmunifyMe Smart Vaccination Scheduling and Monitoring Tool

ImmunifyMe provides a secure and accessible cloud-based method for parents to keep track of their children’s vaccinations, thus increasing immunisation rates for preventable diseases. Backed by partnerships with hospitals, governments and health organisations, with a focus on standardisation across different countries, ImmunifyMe’s web and app-based technology and automated digital monitoring help to overcome deficiencies in paper-based systems and provide access to vaccination records anywhere in the world.

MobileODT EVA System for Cervical Cancer Screening

MobileODT’s Enhanced Visual Assessment System is a portable AI-enabled diagnostic tool that dramatically increases access to screening for cervical cancer, one of the leading causes of death for women worldwide. It allows healthcare providers to detect cervical cancer at the point-of-care in under one second, replacing reliance on laboratory tests and sample collection, at a fraction of the price. It is currently used in 29 countries.

Salauno Visual Care for Vulnerable Remote Locations

Salauno offers affordable eyecare services across Mexico through its own diagnostic centres and a network of optometrists who travel to isolated communities. The development of collaborative links with local community leaders helps salauno find, access and support marginalised patients, resulting in the treatment of over 6,000 individuals in three years. Candidates for treatment, including surgery, are scheduled for an appointment in salauno’s surgical centre, and all treatments are heavily subsidised.

SonoCare Health-tech Diagnostics Solution for Healthy Pregnancies

SonoCare’s health-tech diagnostics solution addresses the severe lack of accessible and affordable healthcare for low- and middle-income pregnant women in Nigeria. Through a mobile app, portable equipment and partnerships with local organisations, SonoCare detects pregnancy complications before they become life-threatening. SonoCare has screened more than 31,000 women in rural areas and identified over 18,000 high-risk pregnancies to date.

Viz.ai Solutions for Faster Stroke Diagnostics

Viz.ai uses AI-based technology to analyse CT images of the brain for the most devastating types of strokes. The software cross-references a stroke victim’s brain scan with a vast database of scans and then sends this data to a specialist to confirm the diagnosis. This can reduce the time required to diagnose, triage and treat a stroke from hours to a few minutes.

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AWARD SHORTLIST SUMMARIES | SPECIAL AWARD: INNOVATING FOR DISABILITY

Amparo Confidence Socket

Amparo’s ‘Confidence Socket’ is a below-knee prosthetic socket that fits directly onto a residual limb. It uses a unique, low temperature thermoplastic capable of being remoulded up to 10 times as the limb changes in volume. This drastically reduces the time and equipment required to fit a prosthetic -- it can be fitted in as little as an hour, significantly increasing accessibility for amputees in developing countries or remote areas.

EyeControl AI Eye-Tracking Camera

EyeControl is the first wearable screen-less assistive communication device. AI-powered eye-tracking technology enables locked-in individuals and ventilated patients -- who can't speak -- the ability to communicate using only eye movements, anywhere and anytime. Simple to use, EyeControl improves quality of life for ALS, MS, stroke and other home care patients and helps ventilated patients communicate directly with medical staff and family.

OrCam Technologies AI-Driven Artificial Vision

OrCam MyEye is the world’s most advanced wearable device for providing artificial vision to people who are blind or visually impaired. The size of a finger, this AI-driven device mounted on a pair of glasses is capable of instantly and discreetly reading printed and digital text aloud as well as recognising faces, colours, money and products. It is operated hands-free and completely offline.

ProsFit Technologies Global Solutions for Confident Mobility

PandoFit by ProsFit is a proprietary cloud-based end-to-end digital solution used to design customised, definitive prosthetic sockets for a more comfortable, faster fit. These are manufactured via a global network of certified manufacturing partners. Globally scalable, ProsFit’s solution increases access for all to prosthetics -- key to increasing social inclusion.

Sesame Enable Touch-Free Access for Mobile Devices

Open Sesame is the world’s first touch-free solution for mobile devices. Via the built-in camera of their phone, tablet or computer, a user is able to control an on-screen cursor with head movements. This system provides a simple-to-use and low-cost means for low-mobility individuals - such as people suffering from ALS, MS, spinal cord injuries or strokes -- to interact with the world through their digital devices.

TotoSci Academy AlexCane for the Blind

Developed in Kenya, AlexCane is an AI smart cane for the blind. Connected to a camera that processes images over the internet, the cane increases mobility by detecting both static and moving objects, and alerting the user through audio or vibrations. It also increases the independence of the blind person by sending caregivers real-time information via GPS or GSM protocols.

TuneFork Smart Device-Based Hearing Loss Diagnostic

TuneFork software provides a means for individuals with Disabling Hearing Loss to conduct a simple, free hearing test. This is then used to create clinically-accurate personal specifications for the audio output of the user’s smartphone and other digital devices, providing a significant enhancement to their experience of digital audio content.

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AWARD SHORTLIST SUMMARIES | EDUCATION, KNOWLEDGE AND SKILLS

Aliat Universidades Higher Education System for Working Adults

Aliat Universidades create affordable and accessible adult education throughout Mexico with their innovative part-time blended learning programmes. They support students with discount plans, social services and internships. Operating across 30 campuses and 17 states, Aliat Universidades have provided professional development for over 70,000 students.

Ashesi University New Leadership for Africa Programmes

Ashesi University in Ghana aims to educate ethical, entrepreneurial leaders for Africa’s future economic and social needs. It does so by maintaining a strong character-building and scholarship system, embedding its majors – computer science, management information systems, business administration, and engineering -- within a multidisciplinary curriculum that emphasises critical thinking, leadership, teamwork and ethics -- helping students understand how to navigate the broader issues shaping their economies and societies.

Edilar Red Magisterial Social Network for Teachers

Developed within the Grupo Edilar group of companies, Red Magisterial is the first social network for school teachers that promotes the creation and sharing of educational practices and digital curricular materials. Red Magisterial not only connects teachers but also helps them embrace digital technologies and deliver high-quality education across Mexico.

Enko Education African International schools for Middle-Class families

Enko Education provides a cost-effective means for middle class learners across seven African nations to gain an internationally recognised qualification that will help them enter top universities around the world. It does so by investing strongly in academic and human resources, through the training of locally recruited teachers and the use of internationally recognised curricula. It has benefitted over 2,000 learners to date.

Nova Pioneer Schools for Innovators and Leaders

Nova Pioneer gives young Africans the chance to access world-class student-centred learning at an affordable price. Working in Kenya, Nigeria and South Africa, Nova Pioneer focuses on creative and project-based pedagogies designed to develop leaders and innovators for the new economy. By developing strong local talent and leveraging economies of scale, they are currently educating over 4,000 students at an 80 per cent lower cost for parents, and plan to expand their reach ten-fold in the coming years.

PHINMA Education Parallel Classes and Subsidised Tuition Schemes

PHINMA Education is devoted to giving low-income college students in the Philippines access to affordable and subsidised education. This is achieved through a low-cost “parallel classes” coaching model in which teachers supervise student-led activities across multiple classrooms. PHINMA also offers the Handog Kaibigan Scholarship, which provides a 50 per cent discount on tuition and fees for financially challenged students. PHINMA’s graduates so far include over 20,000 licenced professionals.

SIS Budget Schools Vertical Collaboration Ecosystem

The Singapore International School Group in Indonesia, with its 7 private schools pegged at different price points, enables children from various income groups to access leading education systems, including the world-renowned ‘Singapore’ curriculum as well as Cambridge and IB. The SIS Group accomplishes this through a unique ecosystem that encourages Vertical Collaboration among all stakeholders, including the sharing of cost-saving methods and innovative pedagogies up and down the tuition fee ladder.

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AWARD SHORTLIST SUMMARIES | FOOD, WATER AND LAND

Agrosmart Data Intelligence for the Agricultural Value Chain

Working across Latin America, Agrosmart harnesses technology to monitor crops and generate agronomic models. Agrosmart’s end-to-end service allows farmers and other stakeholders across the food value chain to make informed decisions about irrigation, pest control, disease, and natural resource use, promoting more sustainable, efficient and climate-resilient farming.

Evigence Sensors Smart Expiration Date Solution

It is estimated that 30 per cent of all food produced globally is wasted. Evigence has developed sensors in the form of self-adhesive labels that monitor a food product’s time and temperature history and change colour to give a clear visual indication of the product’s remaining shelf life. This solution represents a low-cost and scalable means of reducing waste, by providing an alternative to static ‘use by’ dates.

Farmcrowdy Digital Agriculture Platform for Small-Holder Farms

Farmcrowdy is Nigeria's first digital agriculture platform. Matching over 14,000 small-holder farmers with sponsors, Farmcrowdy provides farmers with market access, investment and technical assistance. Its crowdfunding model enables the platform to grow the incomes of bottom of the pyramid farmers by an average of 80 per cent annually, while boosting food production and providing sponsors with a portion of the profits after sale of the harvest.

Fenik PhaseTek Solar-Powered Refrigeration Solutions

The Fenik Yuma 60L is an affordable and portable refrigeration solution that can be cheaply mass-produced and distributed. The cooler, which needs no external power source apart from sun and water, addresses significant spoilage issues faced by low-income, rural populations that are unable to access more costly food storage technology.

N-Drip Gravity Micro Irrigation

As the first and only micro irrigation system that uses no external energy source, N-Drip has the capacity to benefit millions of farmers. N-Drip uses gravity to deliver uniform irrigation directly to the root zone of the crops. The system has been installed to replace the flood method in 17 fields around the world, with substantial water savings proven already. It is a simple and affordable alternative to the flood method that still irrigates 85 per cent of agricultural fields worldwide.

Neat Eco-Feeds High Protein Feed and Compost

Protein feed constitutes 65 per cent of poultry and fish production costs in Ghana. Neat Eco-Feed lowers this cost by cleanly and efficiently processing slaughter waste into high protein maggot meal, with the by-products bagged for use as compost for crop cultivation. This solution also helps to reduce the 15 tonnes of abattoir waste that is left to decay daily in neighbourhoods around northern Ghana.

TIPA Compostable Flexible Packaging Solutions

TIPA is committed to solving the global issue of plastic waste through patented environmentally-friendly alternatives to flexible plastic packaging. TIPA products are fully biodegradable within months in compost, and meet the needs of industry and consumers by providing solutions throughout the supply chain, and the same look, feel, shelf life and protection as conventional flexible plastics.

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F3 - Female Focused Fintech Prize

This year's Transformational Business Awards ceremony will feature a special section devoted to DFS Lab's inaugural Female Focused Fintech (F3) prize, aimed at recognising the most innovative digital financial products that are narrowing the gender gap in financial inclusion. For more information, please visit https://dfslab.net/f3prize

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CATEGORIES

The Transformational Business Awards are open to all financial and non-financial private sector organisations, as well as NGOs that can meet the judging criteria. The focus is on specific projects and transactions and the impact those initiatives have or promise to have on the problems they are targeting.

While the focus of all categories is on transformational impact in developing economies, the awards are also open to projects that address similar market deficiencies in the developed world and that could be replicated in severely under-supplied regions.

The aim is to recognise, showcase and reward private sector innovation, impact, replicability, financial viability and sustainability across a number of key areas identified in the United Nations Sustainable Development Goals (SDGs). The SDGs are designed to achieve by 2030 the eradication of poverty in all its forms, as well as protect the planet from degradation, and generally ensure that all human beings can enjoy prosperous and fulfilling lives.

Special attention will be given to initiatives that address climate change, and/or harness disruptive technologies and business models to achieve impact. Entries that focus on projects in fragile and conflict-affected states and the world’s poorest countries are encouraged.

Projects or transactions must have passed the implementation stage, and should result in measurable impact. They must be financially viable now or potentially within five years of implementation. Only initiatives that have been implemented since 2013 will be eligible. Start-ups with innovative solutions and a clear roadmap to financial sustainability are encouraged to apply.

The following core award categories for 2019 are now open for entries:

  • Transformational Solutions in Urban Infrastructure
  • Transformational Solutions in Food, Water and Land
  • Transformational Solutions in Health, Wellness and Disease Prevention
  • Transformational Solutions in Education, Knowledge and Skills
  • Special Award: Innovating for Disability

The winners of the following Overall Awards will be selected by our esteemed judging panel from those short-listed for the above core categories:

  • Overall Award: Excellence in Disruptive Technologies
  • Overall Award: Excellence in Climate Solutions
  • Overall Award: Excellence in Transformational Finance
  • Overall Award: Excellence in Transformational Business

The winner in each category will be announced at a special dinner in London on 13 June 2019. The dinner will be preceded by the FT/IFC Transformational Business Conference, a major gathering of thought leaders who will explore and debate the issues generated by the Awards.

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CATEGORY DESCRIPTIONS

Core categories for 2019

Transformational Solutions in Urban Infrastructure

This award relates to Sustainable Development Goal 9 “Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation”, and Goal 11 “Make cities and human settlements inclusive, safe, resilient and sustainable”. It highlights projects that address the most crucial infrastructure needs in the fast-growing cities of the developing world, with long-term socio-economic impact. This category is open to private sector businesses only, but recognises the importance of public-private partnerships in infrastructure and builds on the success of the award for City-Led Transformation, established in partnership with Cities Alliance from 2015 to 2017.

Transformational Solutions in Food, Water and Land

 This award relates to Sustainable Development Goal 2 “End hunger, achieve food security and improved nutrition and promote sustainable agriculture”, and Goal 6: “Ensure availability and sustainable management of water and sanitation for all”, with an additional emphasis on access to land, land tenure rights, land management, and land governance – all critical for the achievement of both food and water security.

Transformational Solutions in Health, Wellness and Disease Prevention

 This award relates to Sustainable Development Goal 3: “Ensure healthy lives and promote well-being for all at all ages”. Although significant strides have been made in increasing life expectancy in developing economies, much more needs to be done to reduce the mortality rate, particularly among mothers and infants; improve the delivery of medicines, healthcare and health education; reduce the impact of a wide range of diseases; and rapidly address new and emerging health issues. Special attention will be given to innovative, replicable business models that improve the quality and cost-effectiveness of healthcare delivery.

Transformational Solutions in Education, Knowledge and Skills

This award relates to Sustainable Development Goal 4: “Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all”, with an additional emphasis on the provision of skills-based training that will empower young people, help them gain employment, and also help entrepreneurs secure their livelihoods, in line with Goal 8: “Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.”

 

Special Award: Innovating for Disability

This new category, established in partnership with the UK Department for International Development (DFID), relates to Sustainable Development Goals 4, 8, 10, 11 and 17, and aims to raise global awareness of an area that arguably has been neglected compared to other development challenges. It will showcase solutions that harness the power of innovation and technology to ensure inclusion among people with disabilities, particularly in developing economies. Special attention will be given to initiatives that give access to affordable assistive technologies, bridge the digital divide, and reduce stigma and discrimination.

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Overall Awards for 2019 

Excellence in Disruptive Technologies

This award will recognise the short-listed initiative that stands apart across all categories for its ground-breaking use of new technology and the strength of its disruptive approach to markets and business models.

Excellence in Climate Solutions

This award will recognise the short-listed entry that across all categories most effectively addresses one or more of the effects of climate change in the context of a developing economy, or that can be replicated in a developing economy.

Excellence in Transformational Finance

This award will recognise the short-listed entry that stands out across all categories for its innovative financing structure, including blended solutions that bring together diverse sources of capital. 

Excellence in Transformational Business

This prize will be awarded to the initiative that in the opinion of the judging panel stands apart among the winners of all private sector categories for its level of innovation, impact, replicability, financial viability and sustainability in the context of a developing economy.

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WHO ENTERS?

The programme is open to all financial and non-financial private sector organisations. Start-ups with innovative solutions and a clear roadmap to financial sustainability are encouraged to apply.

Productive sector companies, investment institutions, and advisory firms involved in projects addressing key challenges in urbanisation, technology and sustainability with respect to developing economies, including:

  • Infrastructure developers
  • Energy companies
  • Engineering companies
  • Technology companies
  • Healthcare providers
  • Pharmaceutical companies
  • Design houses
  • Pension funds
  • Sovereign wealth funds
  • Life insurance companies
  • Private equity firms
  • Investment banks
  • Fund managers
  • Consultancies
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WHY ENTER?

If your entry is short-listed in one of the awards categories:

  • Your organisation and the initiative that has been short-listed will be promoted in an advertisement in the global FT newspaper and through  FT Live social media channels
  • You will be invited to attend the FT/IFC Transformational Business Awards dinner, where the winners in each category will be announced.
    • All short-listed entries are presented in detail at the Awards dinner before the winners are revealed. You will also be able to network with other organisations short-listed for the awards.

If the judging panel selects your entry as a winner in one of the categories:

  • Your organisation and the award-winning initiative will be promoted in an advertisement in the global FT newspaper and through FT Live social media channels
  • A summary of your entry will be featured on the Awards website
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TESTIMONIALS

"The FT/IFC Award is one of the industry-leading recognition programs, and receiving a commendation was a great honor.  Our stakeholders definitely took notice of that, and shortly after the announcement, we had secured the largest-ever financing round of $90 million, including the extension of our OPIC facility for a total of $50 million. The award became a critical part of our story of excellence."

Ron Margalit, Principal of Impact Investments, Nova Lumos (in partnership with OPIC)

Highly Commended, 2016 FT/IFC Transformational Business Awards/Achievement in Low-Carbon Urban Transformation

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"Winning the Award was a great acknowledgement of our business model. Our brand has grown, boosted by this award, and is carving a niche in the global space. The companies thinking of applying should know the awards not only raise their credibility, but also drive the awareness of their business and unlock opportunities to connect with other industries and clients."

“This credibility is now helping us to fundraise and find new partners and investors to build our company and put money into African agriculture.”

Alloysius Attah, Co-Founder and CEO, Farmerline

Winner, 2016 FT/IFC Transformational Business Awards/Achievement in Sustainable Development/Sustainable Agriculture

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"Winning the FT/IFC Transformational Business Award has boosted our reputation and awareness internationally including some global organizations showing interest in our work”.

 Anuj Sharma, CEO, Piramal Sarvajal

Winner, 2016 FT/IFC Transformational Business Awards/Achievement in Transformational Technology

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“Winning the FT/IFC Transformational Business Award has helped us gain credibility in the market and show that food waste is a solvable problem – not just for our customers but for the broader society. IFC and FT are at the forefront of sustainable development and business thought leadership, so to have their recognition was a great honor.”

“For a small company like ours, getting validated by organizations like the FT and IFC lends credibility to our conversations with large corporations and governments, and helps get a seat at these tables to drive growth.” 

Marc Zornes, Founder, Winnow Solutions

Winner, 2017 FT/IFC Transformational Business Awards/Achievement in Sustainable Development/Food, Water and Land

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“We were delighted that our vision for Africa was so well received by our peers. It opened doors to potential clients, investors, policy makers and regulators. This recognition has been especially important as we’ve begun fundraising for our second fund, which will support the installation of up to 50 MW of solar for African businesses.”

Matt Tilleard, Managing Partner, CrossBoundary Energy

Winner, 2017 FT/IFC Transformational Business Awards, Excellence in Climate Solutions 

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“Winning has opened many doors for us, allowing us to reach more potential partners and drive our growth. It also helped us triple our web traffic from 80,000 a month before the win to 250,000 a month later.”

Henry Motte-Munoz, Co-Founder and CEO, Edukasyon.ph

Winner, 2017 FT/IFC Transformational Business Awards/Achievement in Sustainable Development/Education 

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“Winning helped Huochebang gain additional interest and attention outside of China. We received inquiries from foreign investors as well as related companies for potential cooperation.”  

Huochebang/Truck Alliance

Winner, 2017 FT/IFC Transformational Business Awards/Achievement in Transformational Agriculture

 

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FAQ

Who can apply?

The Transformational Business Awards are open to all private sector organisations – financial and non-financial. Social enterprises can also apply if they meet the judging criteria, including the financial viability of the project highlighted. 

What is the cost to enter?

There is no cost to enter the awards.

Can transactions-in-progress be submitted or do they have to have been completed and in the implementation stage?

Projects or transactions must have passed the implementation stage.

Should transactions have been completed in 2018 or can applications cover transactions from an earlier date? If so, how far back?

Only initiatives that have been implemented since 2013 will be eligible.

Do transactions have to be financially viable?

Projects or transactions must be financially viable now or potentially within five years of implementation. 

Are only transactions in emerging markets allowed?

No, transactions or programmes active in developed economies can be submitted, as long as they have potential replicability in severely under-supplied regions.

What will the judges be looking for?

Our panel will be assessing your entry against judging criteria, which will shortly be downloadable from the Awards website.

The questions in the entry forms are designed to match the criteria.

When will the judging occur?

The submission window will open nearer the end of the year.

If you can't find the answer to your question, please feel free to contact us at ftlive@ft.com.

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Terms and Conditions

To review the full Terms and Conditions please CLICK HERE.

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PRESENTED BY (2)

The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. The FT has a record paying readership of one million, three-quarters of which are digital subscriptions. It is part of Nikkei Inc., which provides a broad range of information, news and services for the global business community.

IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org

SPECIAL CATEGORY PARTNER (1)

The Department for International Development (DFID) leads the UK’s work to end extreme poverty. We are tackling the global challenges of our time including poverty and disease, mass migration, insecurity and conflict. Our work is building a safer, healthier, more prosperous world for people in developing countries and in the UK too.

Supporting Partner (2)

Toniic’s vision is a global financial ecosystem creating positive social and environmental impact. Our mission is to empower impact investors.

Toniic is the global action community for impact investors. We serve individuals, family offices, foundations and funds. We increase the velocity of money and services into impact investing to address global challenges. Our members commit to discover, evaluate, nurture and invest in financial products – in all asset classes – that promote a just and sustainable economy.  Through the 100%IMPACT members of Toniic, we share portfolios and learn, together, how to best align financial assets with personal values.

Toniic has members in over 26 countries and its members have invested globally.

Businessday is the leading medium for up to date news and insightful analysis of business, policy and the economy in West Africa. A critical decision making tool for investors and managers. Its reputation is anchored on its history of providing unbiased news and informed commentary and insight on politics, governance, social and economic trends.

Businessday is the publisher of the most reputable and influential business daily available across multiple channels. It has earned the trust of its audience around the world as a provider of business and financial news, insight, analysis and intelligence.

2018 AWARDS WINNERS

Achievement in Transformational Infrastructure

Winner:
CleanMax Rooftop Solar for Tata Group, India

Special Commendation:
Fluence Energy Storage Programme, US

Achievement in Transformational Infrastructure: Green Buildings

Winner:
Capital House EcoHome Phuc Loi Project, Vietnam

Achievement in Transformational Finance

Winner:
OASIS Loss Modelling Framework, UK

Special Commendation:

Alipay Financial Access Platform, China

Achievement in Sustainable Development: Food, Water and Land Food, Water and Land:

Winner:
SunCulture RainMaker Irrigation System, Kenya

Special Commendation:
eWATERpay IoT Pre-Payment Meters, UK

Achievement in Sustainable Development: Health, Wellness and Disease Prevention

Winner:
Logistimo eVin Vaccine Supply Chain Management, India

Special Commendation:
Telenor Health Tonic Ecosystem, Bangladesh

Achievement in Sustainable Development: Education, Knowledge and Skiils Education:

Winner:
Andela Talent Ecosystem, US

Special Commendations:
Beyond Water Entrepreneurship Capacity Building Programme, UK
UX Biscate Skills Marketplace, Mozambique

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Excellence in Disruptive Technologies: Lifetrack Medical Imaging Platform, Philippines

Excellence in Climate Solutions: Nissan Energy Electric Vehicle Power Solutions, France

Excellence in Transformational Business: SunCulture RainMaker Irrigation System, Kenya

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YOUR CONTACTS

Jeff Wagner
Global Head of Content, FT Live
Rachel Jones
Head of Project Management
Financial Times