The International ReSource Award for resilience in water management recognises new approaches for resolving existing issues related to sustainable water management. The prize builds on more than ten years of experience in bestowing the recognised ReSource Award for sustainable watershed management. Every year, an international jury awards US$ 150,000 to new social entrepreneurial initiatives driving sustainable water management practices. The award is one concrete initiative of how the Swiss Re Foundation contributes to the advancement of water resilience in low, lower-middle and upper–middle-income countries.
The ReSource Award acknowledges social entrepreneurial initiatives aimed at prototyping or scaling up new approaches for resolving existing social and/or ecological issues related to sustainable water management practices. Examples include access to, use and supply of water, sanitation and hygiene in low, lower-middle and upper-middle-income countries as classified by the World Bank.
The prize combines financial and non-financial contributions (coaching/expert advice). Half of the total contribution equivalent to USD 150 000 will be allocated to three finalists (USD 20 000 + coaching each) from whom the winner will be selected. The award winning organization will be supported (USD 75 000 + coaching) during the following three years in further developing, prototyping or scaling up its social entrepreneurial initiative.