Coop360 Innovations Awards
Welcome to the inaugural Coop360° Innovations Awards, powered by the Uhuru Institute for Social Development (TUI) in collaboration with the Bank of Uganda, Liberty Assurance, NTV Uganda, Goldstone Consulting, Busara Centre for Behavioural Economics amongst others.
The Coop360° Network Innovations Award is a prestigious award that identifies, documents, evaluates, amplifies, and rewards cooperatives that have improvised and adapted solutions that will enhance membership value, stabilise and leapfrog their businesses and communities towards competitiveness and sustainable resilience under the theme Cultivate, Invent, Impact.
Objectives of the award
● To cultivate and nudge the appreciation and application of the cooperative identity, competitiveness, and sustainable resilience in all cooperative initiatives.
● To reward innovation and competitiveness as drivers of cooperative-powered sustainable development.
● To enable and grow Business to Business linkages amongst the cooperatives, TUI, partners and the business community
Meaning of Keywords
Innovation: A new method, idea, product, or service intended to solve an existing problem, or improve the performance of a product or service e.g., mobile money innovations have increased access to affordable finance or locally produced organic fertilizers is ensuring marketability of farmer products, improve yields and earnings as well as preserving health.
Competitiveness: Doing business in ways that make you stand out from others hence giving you a chance for a better market and income.
Climate Smart: Doing business whether in construction, mining, agricultural production, energy, publishing etc in a manner that adapts to changing tides, mitigates risk, and cultivates positive environmental outcomes.
Member Value: The sum of all individual perceived benefits to members of a cooperative due to their membership e.g., access to affordable credit, training and capacity building, networking and exposure spaces, entertainment and sports facilities, etc
Member patronage: The act of doing business, supporting, and being a part of all the business and non-business activities of the cooperative.