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Winter 2004 CalBusiness  
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Social Venture Competition Goes Global

One of the nationís fastest-growing business plan competitions, the Global Social Venture Competition, which measures both the financial returns and social impacts of new ventures and attracts entrepreneurial MBA students from the countryís top business schools, expanded globally last fall by adding a new partner, the London Business School.

The original partners supporting the competition are the Haas School of Business, Columbia Business School, and The Goldman Sachs Foundation.

Founded by five Berkeley MBA students in 1998 with support from the Lester Center for Entrepreneurship & Innovation, the competition has drawn hundreds of participants from leading business schools, primarily in the US, and sparked the curiosity of hundreds more who seek to apply their business acumen to solve societal and environmental issues.

In 2000, the competition expanded its national scope and reach by partnering with Columbia Business School and The Goldman Sachs Foundation, which gave a $1.5 million to support the effort. Each year, the competition awards $75,000 in prizes.

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