April 21, 2010
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Social entrepreneurship continues to be redefined at UC Berkeley's Haas School of Business
Sixteen teams of emerging entrepreneurs will pitch their ideas for businesses that create profits and social change at the 11th annual Global Social Venture Competition (GSVC) finals hosted by the Haas School of Business at the University of California, Berkeley, on April 22 - 23 from 8:30 am - 6:30 pm.
The two-day event includes the global finals and the GSVC Conference. The events will take place at the new David Brower Center, 2150 Allston Way near Fulton Street in downtown Berkeley, Calif. The event is open to the public and pre-registration is required. Please visit www.gsvc.org/conference for additional details on the 2-day program.
The GSVC conference includes keynotes by Wilford Welch, author of Tactics Of Hope: How Social Entrepreneurs Are Changing Our World, and Neal Keny-Guyer, CEO of Mercy Corps, as well as panel talks on topics ranging from Social Impact Assessment (SIA) to innovative business models to private sector partnerships. More than 200 industry leaders, entrepreneurs, and students are expected to attend.
Founded by five Berkeley MBA students in 1999, the Global Social Venture Competition (GSVC) continues to be the largest international MBA social venture competition. Counting nine global partner schools in Asia, Europe and the US, the competition has awarded more than a quarter of a million dollars to emerging social ventures since its founding and has introduced early-stage social venture entrepreneurs to the investment community. Nearly 25% of past GSVC entrants are now operating companies.
All finalists will present their business ideas before a panel of judges and receive feedback to improve their plans going forward. Finalist teams will compete to win the $25,000 first prize, $10,000 second prize, and $5,000 third prize.
GSVC is unique for its emphasis on Social Impact Assessment (SIA), which provides metrics to evaluate the actual impact the organizations will have on their communities or environments. All participating teams must demonstrate social impact or value creation in financial terms as part of their business plans. But only five SIA finalist teams have qualified to compete for a separate Social Impact Assessment Prize of $5000, to be awarded by the judges.
The 2010 finalists include:
- Amandes - affordable safe drinking water for remote coastal people in Indonesia Prasetiya Mulya Business School, Indonesia
- AYZH - developing, commercializing, and scaling low-cost, high quality products for rural women Rural Technology Business Incubator - IIT, India
- Bags of Hope - creating job opportunities for rural women through straw bag making Guanghua School of Management - Peking University, China
- BlueDrop - low-cost water chlorination system Haas School of Business - UC Berkeley, USA
- C-Crete Technologies - innovative cement that reduces energy consumption and C02 emissions MIT Sloan School of Management, USA
- Freehap - online platform that measures and improves happiness worldwide Chulalongkorn and Thammasat Universities, Thailand
- Makane - building low-cost socially, technically and ecologically adapted houses in rural Senegal ESSEC Business School, France
- Nest for All - provides affordable quality maternal and child healthcare to low and middle income urban populations in West Africa Ecole des Mines de Paris, Harvard Business School, Ecole Polytechnique
- Ruma - business-in-a-box that enables small entrepreneurs to sell prepaid minutes Harvard Business School, USA
- Winduction - commercializing a revolutionary small wind turbine London Business School, UK
- Re:Motion Designs - high performance, affordable prosthetics for amputees in the developing world Stanford University, USA
Five teams will compete for the top Social Impact Assessment (SIA) Prize:
- AgriSolutions - applying advanced agriculture methods and best practices in India Great Lakes Institute of Management, India
- BLISS (Business and Life Skills School) - bringing working youth to school by offering monetary incentives and a business skills curriculum MIT Sloan School of Management, USA
- Punô - sustainable retail systems that reduce post-consumer waste Ateneo de Manila Graduate School of Business, Philippines
- Vitanutril® - producing and selling spirulina-based food in Burkina Faso with a network of local saleswomen Reims Business School, France
- WE CARE Solar - providing solar power for electricity, lighting and communication for maternity care in low-resource settings Haas School of Business - UC Berkeley, USA
GSVC‘s global dynamic has changed dramatically over its 11 years, growing from 65 entrants in 1999 to more than 500 entrants in 2010. China was this year's top contributing country with 20% of entries. This year's finalists hail from China, France, India, Indonesia, the Philippines, Thailand, the UK, and the US.
In its 11 years, the competition has grown into a global partnership with Columbia Business School, London Business School, Indian School of Business, Thammasat University (Thailand), and ESSEC Business School (France). It is supported by outreach partners from Guanghua School of Management at Peking University in China, ALTIS program in Milan, Italy, a consortium of business schools in Korea (Social Venture Competition Korea), and Yale School of Management.
About UC Berkeley's Haas School of Business As the second-oldest business school in the United States, the Haas School of Business at the University of California Berkeley is one of the world's leading producers of new ideas and knowledge in all areas of business - which includes the distinction of having two of its faculty members receive the Nobel Prize in Economics over the past 15 years. The school offers outstanding management education to about 2,200 undergraduate and graduate students each year who come from around the world to study in one of its six degree granting programs. The school has 36,000 alumni. The school's mission is to develop innovative business leaders - individuals who redefine how we do business by putting new ideas into action in all areas of their organizations, and who do so responsibly. The school's distinctive culture is defined by four key principles -- question the status quo; confidence without attitude; students always; and, beyond yourself.
About UC Berkeley's Global Social Venture Competition The Global Social Venture Competition is the largest and oldest student-led business plan competition providing mentoring, exposure, and prizes for social ventures from around the world. The mission of the GSVC is to catalyze the creation of social ventures, educate future business leaders and build awareness of social enterprises. The competition supports the creation of real businesses that bring about positive social change in a sustainable manner. Each year, entrant teams from around the world compete for over $45,000 while gaining valuable professional feedback on their ventures. Since its inception in 1999, the GSVC has awarded more than a half a million dollars to emerging social ventures and has introduced early-stage social venture entrepreneurs to the investment community. The GSVC is housed at the Haas School of Business with support from the Lester Center for Entrepreneurship and Innovation and the Center for Nonprofit and Public Leadership and has nine partner schools in Asia, Europe and the US.
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