On February 11, Nestlé announced the opening of nominations for its 2012 Prize in Creating Shared Value. The official announcement was made at the International Food Policy Research Institute (IFPRI) global conference in Delhi, India. This prize was organized back in 2009 in an effort to celebrate the most innovative projects that offer feasible solutions related to the number of agricultural issues of the developing countries on the basis of sustainable development principles. Such issues include access to, or management of, water, improving the lives of farmers and rural communities, or providing better nourishment to communities suffering from nutritional deficiencies.