University of California, Berkeley in the framework of the GSVC launches call that rewards the best technological projects that address the most pressing social challenges in the world.

The Global Social Venture Competition (GSVC) is the international business plan competition that contributes to social entrepreneurs of the next generation transforming their ideas into projects through financing, mentoring, dissemination and other benefits.

Teams from around the world learn to design scalable models through a process that emphasizes stakeholder discovery, business innovation and social impact assessment.

About the competition

Each year, the Global Social Venture Competition launched by the UC Berkeley Haas School of Business awards young impact entrepreneurs whose business ideas combine a high return on investment and a social or environmental impact.

This competition seeks to support non-profit solutions or more promising nonprofit entities in their initial stages that address social challenges through the use of technology.

Eligibility criteria

For the 2019 competition, all organizations must have a technological component for their company, be it a product, hardware, software, web platform, mobile application, wireless, etc. The solutions must use “technology for good” in some way, whether the whole company focuses on a solution based on technology or if the company has some degree of technological component integrated into the solution. In addition, it will be evaluated:

  • Business potential (economically viable, bankable and scalable).
  • Potential for social impact (positive impact generated).
  • Potential for success (skills and abilities of team members)
  • Awards

The following prizes will be awarded:

  • First place prize: US $ 40,000
  • Second prize: US $ 25,000
  • Third place prize: US $ 10,000
  • Priya Haji Memorial Prize: US $ 2,500
  • People’s Choice Award: US $ 1,500
  • Rapid release prize: US $ 1,000

Application date: December 3, 2018

For more information visit the official site Here

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