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Apply now to the Global Social Venture Competition 2013 and win $50,000 to fund your social business plan!

By Ahmed Zidan | December 26, 2012 | Section: Announcements |

The Global Social Venture Competition (GSVC) is a student-led business plan competition providing mentoring, exposure, and prizes for social ventures from around the world.

The GSVC is organized by the Haas School of Business at University of California, Berkeley.

The competition, which awarded more than a quarter of a million dollars to emerging social ventures since its inception in 1999, supports the creation of businesses that bring about positive social change in a sustainable manner.

Apply from here. The submission date for the first round executive summaries is January 11, 2013. The official language of submission is English.

“In this first round, we [actually] want to increase awareness about social venture creation among university students & young professionals in the region,” explains James Halliday, International Coordinator for Strategic Advancement.

At least one primary team member should be currently enrolled anywhere in the world at an accredited graduate school (MBA, Ms, MIM, Ph.D, etc...) Or who has graduated from such a program no more than two years prior to the date of submission. Read more about the entrant eligibility here.

Three stages

Ten plans of the entrants will be shortlisted to move forward to the first stage, the Regional Semi-Final Rounds for Europe, Middle East, and Africa, hosted by London Business School on early March. Teams that advance to the semi-finals will have mentors, assigned by Koç University in Turkey. Meet the mentors here.

Two teams from the MENA region will be invited to attend the second stage, the Regional Finals on late March. From there, the best of the bunch move on to the third and final stage, the Global Finals at UC Berkeley on April.

Koç University, the Outreach Partner for the GSVC in the MENA region, will cover the cost of airfare and accommodation in London for the two selected teams.

The three main criteria that judges will assess are:

1) Is there a clear business / revenue model – a plan for the financial sustainability of the venture?

2) Does the venture create a positive societal impact, and does it address a societal challenge at the core of the business?

3) Does the venture have a good chance of success?

The GSVC provides aspiring entrepreneurs with mentoring, exposure, and $50,000 in prizes to transform their ideas into businesses that will have positive real world impact.

According to the website, nearly 25% of past GSVC entrants are now operating companies.

Apply here or via email to gsvc@ku.edu.tr

Join the GSVC Facebook page here!

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