BB Foundation's unprecedented round of social investment counts up to BRL 3 million
In 2020, Social Technologies continued on BB Foundation's priority agenda. In addition to the Transforma! platform Social Technologies Network Acesse: https://transforma.fbb.org.br, collaborative database for knowledge exchange among registered users, who have had their Social Technologies certified by BB Foundation, we created the Desafio Transforma! (Transform Challenge) – an alternative proposal to the project selection notices.
The Desafio Transforma! (Transform Challenge) process was designed similarly to the investment rounds for startups and aimed to select projects for the reapplication of Social Technologies in Education (professional qualification) and Environment (sanitation and access to water).
In its first edition, 232 applications were received, of which 134 were from the education area and 98 from the environment. A selection committee formed by the employees of BB Foundation, that make up the Social Technology committee, carried out the process for choosing the 10 finalists, 5 for each theme.
The finalist projects participated in Pitch Day, a presentation day for a panel of experts composed of representatives of the partners: BB Tecnologia e Serviços (BBTS) (Technology and Services), BB Gestão de Recursos (BB DTVM) and Ativos S.A. (Resources/Assets Manager). And supporters: Escola Nacional de Administração Pública - ENAP (National School of Public Administration), Microsoft and Grupo de Institutos Fundações e Empresas - GIFE (Group of Foundations, Companies and Institutes).
At the end of the process, three initiatives were selected for each theme:
Project: A Vida É Feminina (Life is Feminine)
The institutions will receive a social investment of up to BRL500 thousand each, for the reapplication of Social Technologies, innovative solutions for social problems, which add popular knowledge and science and generate positive socioenvironmental impact. “It is a different way of selecting projects and working with Social Technologies that are very important for BB Foundation”, points out Asclepius Soares (Pepe), president of BB Foundation.