KBC Bank Ireland has announced that as part of KBC Bright Ideas it has doubled its support fund to €200,000 and launched a new scheme for Ireland’s leading social innovators and entrepreneurs.

KBC’s Business Bright Ideas will assist for-profit organisations in the business of having a positive impact on a city or community by addressing a particular social need.

Following a judging process a top award of €50,000 will be granted to the winning applicant who can show how the funding will help have a positive impact on communities. A total of €100,000 will be shared among the top entrants.

Meanwhile KBC’s Bright Ideas community support initiative returns for a fourth year to support individuals and organisations which are transforming and improving the lives of others in their locality. KBC is calling on community groups across the country to apply for financial support for their dream projects from a second fund of €100,000.