Do you have a big idea? Six in every ten South African think they do, according to a recently published Philips Innovation research study.
The research also examined perceived barriers to innovation, popular perception of innovation and areas of life where innovative solutions could effectively improve. In the last research variable, the research team found that education, at 65.7% and healthcare, at 64.2% are the sectors where most respondents think innovations will have the most impact.
It is based off of the findings that the diversified electronics and technology company opened applications for its South African Innovation Fellows Competition. This year, the competition is taking solutions in healthcare.
“Following our research, we now want to show our support in offering South Africans the opportunity to showcase their own tangible innovations that can fundamentally change and improve the lives of others,” JJ Van Dongen, Senior Vice-President and CEO Philips Africa, says.
The 2015 edition of the competition is hosted in partnership with the Innovation Hub in Pretoria and will provide R200,000 ($14,500) as a research and development budget to the winning idea, according to an August press release.
The competition is limited to South African nationals and/or permanent residents. Go here to get started. Applications deadline is 23rd September.