Application Deadline: December 3, 2018
The Global Social Venture Competition leads entrant teams through an experiential learning process to develop innovative, scalable solutions to the world’s greatest challenges. Through our global network of 14 partner schools and competitions, we give teams the connections, support, and exposure needed to advance their social ventures.
Each of the competition’s three rounds also asks teams to build on past learnings and focus on distinct emphasis areas. A team’s ability to demonstrate progress in these areas will be an important determinant of its venture’s overall score, which in every round is evaluated on business potential, social impact potential, and the likelihood of success.
Eligibility Requirements for Ventures
- Submitted ventures should aim to be: financially sustainable or profitable; whether it is a for-profit, non-profit, or hybrid business model, your venture must aim to be self-sufficient on earned revenue.
- Ventures should include a technology component, whether a technology-based solution or a technology component is utilized to address the solution. In this instance, technology is defined very broadly. Eligible ventures should include products and services developed from the application of scientific knowledge. This may involve software, hardware as well as other devices and products. The technology can be manifest in the product or service itself, or be the way in which the product or service is delivered.
- Submitted ventures should be scalable long term. This criterion will mean different things for each business. Scalability will take into account the potential for growth of the business, both financially and in its social impact.
- Submitted ventures must have a quantifiable social and/or environmental bottom line incorporated into their mission and practices.
- Your entry must include a financial analysis as well as a Social Impact Assessment (SIA), including the Social Value Proposition and Social Indicators. Learn more on the SIA page of the website.
- Submitted ventures must be less than 2 years old (with the start of the venture marked by incorporation or first income, whichever occurred first) as of December 31, 2018.
- Submitted ventures may not be a wholly owned subsidiary of an existing entity (of either a for-profit or nonprofit entity).
- Submitted ventures must not have received more than $250,000 in funding from venture capital, private investors, grants (government or foundation), loans, or other funding sources (excluding in-kind) as of December 31, 2018.
- Lifetime revenue should not exceed $500,000 as of December 31, 2018.
- GSVC has the right to investigate funding and qualifications of ventures to assure that they are truly early stage.
Prizes:
- First Place Award: $40,000
- Second Place Award: $25,000
- Third Place Award: $10,000
- Priya Haji Memorial Award: $2,500
- People’s Choice Award: $1,500
- Quick Pitch Award: $1,000
Timeline:
- Round One Requirements: Application Deadline, December 3, 2018
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Regional Round Requirements: February/March 2019
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Global Finals Requirements: April 3-5, 2019
For More Information:
Visit the Official Webpage of the Global Social Venture Competition 2019