3 Examples of Social Entrepreneurship Business Plan Competition

1. Social Entrepreneurship Business Plan Competition in Hong Kong

That time of the year... [Photo by Etwood] (CC BY-SA 3.0)

Over 190 secondary school and university teams from 27 countries entered the PolyU Innovation and Entrepreneurship Global Student Challenge (GSC) in Hong Kong this year. In light of the growing importance of social responsibility in the business community, a sub-theme of social entrepreneurship business plan competition was added along with health and wellness, lifestyle and environment & sustainability.

Participants have the option of choosing to work on their business proposals under any of the four sub-themes. The participants’ plans are judged based on four criteria: innovation and creativity, technical soundness, organizational plan and management structure, and projection of financial performance.

Teams are also judged during their presentation performance on effectiveness of delivery, time management and a Q&A session. Among three Hong Kong teams that advanced to the finals, a PolyU team won a silver and theme award for Environment & Sustainability with their R-Water plan, which aims to effectively purify wastewater.

2. Social Entrepreneurship Business Plan Competition Extends Deadline

perfect stranger [Photo by mezone] (CC BY-SA 3.0)

ReSET, a Connecticut nonprofit which aims to advance social enterprise business, has its deadline for its first social entrepreneurship business plan competition on June 30.

ReSET, which was formed last year, offered $5,000 to the first-place winner and $1,000 each to four finalists for business plans by Connecticut residents 21 years and older that demonstrate a commitment to social good beyond profits. The awards were announced October 5 during the Beyond Business as Usual Event and Awards ceremony in Hartford, CT. Robert Egger of DC Central Kitchen was featured as the keynote speaker.

The goal of ReSET is to make Connecticut a hub of social enterprise, which offers a key to solving many of the most difficult issues at a time of dwindling public resources, while creating meaningful and satisfying jobs.

3. Startl Social Entrepreneurship Business Plan Competition

Startl is a new social enterprise dedicated to supporting the innovation of effective, affordable and accessible learning products. In partnership with the William and Flora Hewlett Foundation, Startl announced a social entrepreneurship business plan competition last year to award the best business plan supporting openly licensed content.

Alexandre Scialom took top honors in the Startl Prize for Open Educational Resources as well as in the 2011 Milken PennGSE Education Business Plan Competition for his new company idea, called The Coursebook. The two awards include a total cash prize of $50,000 in funding for his idea. The Coursebook aims to connect lifelong learners with online and offline educational opportunities. Described as the ‘Yelp of education’, the service makes it easy to discover college courses and other learning resources based on interests, peers and location.