Social Venture Challenge/ Mumbai

Social Venture Challenge/ Mumbai

 

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About The Event

Centre for Social Enterprise & Leadership

presents

Social Venture Challenge/ Mumbai

FINAL SUBMISSION DATES EXTENDED TO 21st FEB 2011, ON PUBILC DEMAND…. Visit our website www.socialventurechallenge.com TODAY!!!!

“We do not inherit the world from our fathers, we borrow it from our children.”

The Problem

The Problem 

There are five simultaneous revolutions occurring in India – urban, industrial, national, democratic and social. In no other city are these revolutions more violently apparent than Mumbai.

Rapid urbanisation is both the cause and the solution to many of the world’s most pressing social and environmental problems. Over 50% of the world’s population lives in cities today compared to just 30% in India. This has tremendous and far reaching consequences for the future of mankind. Can India find the right urban-rural balance in time? Can India lead the world by leapfrogging onto newer urban models?

By 2015, Mumbai is expected to become the most populous city in the world. At least by one definition, that makes it an excellent place to start.

Social Venture Challenge/Mumbai

Objectives

  • To encourage new social venture formation by instilling entrepreneurial spirit in young business students

 

  • To create a public-private platform in which all stakeholders can contribute towards a better Mumbai

 

Mumbai’s premier social business plan competition is designed to encourage social enterprises to develop business solutions to alleviate the city’s acute problems across six thematic areas:

 

  • Transportation
  • Water Supply & Sanitation
  • Energy
  • Education
  • Waste Management and
  • Housing

The Format

The Social Venture Challenge/Mumbai will consist of three rounds, of which the final round will take place at the SP Jain Institute of Management & Research. During each round of the competition, social entrepreneurs will need to consistently present the values of their business with respect to:

  • Financial Returns and
  • Social & Environmental Returns

Round 1 is intended to be a private screening with an expert panel of jurors judging summary business plans on a comprehensive criteria set.

Round 2 is where the excitement really begins – we invite the citizens of Mumbai to vote on executive summaries via online & mobile channels. This will be the first time ever that a business plan competition has sought a public vote.

Round 3 will be the final round of competition where 10 teams will present their full business pans to a live expert judging panel.

The judging committee, including leading entrepreneurs, social professionals and investors, will be looking for the most attractive new social venture based on the written business plans, live presentations and venture exhibits.

 

The Prize

Teams will not only be competing for the most prestigious prize of all, the coveted Sheriff’s Award*, but will also have a chance to acquire Rs. 1,000,000* in prize money.

The prize money will be delivered to the three top teams in the form of start-up grants to be administered by the C-SEL at SPJIMR.

First Prize:             Sheriff’s Plaque

                            Rs. 500,000

Second Prize:        Rs.300,000

Third Prize            Rs.200,000 

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