[Details from last year]
The purpose of the 2015 Innovations in Social and Business Entrepreneurship Business Plan Competition is to educate and provide an experiential opportunity to showcase the creativity of tomorrow’s business leaders. This competition serves as a vehicle for students to design, develop, and possibly gain “seed money” to implement business concepts that have the potential to bring social change and economic development to their local community through:
- Developing business plans, based on an identified social issue or need, using a social business entrepreneurship business model for their program.
- Presenting business implementation plans or delivery modes that demonstrate how the plan can impact communities.
Social and Economic Entrepreneurship Defined
It is a model of entrepreneurship that takes a different perspective by emphasizing the 3P concept of profit, people and planet, otherwise referred to as the triple bottom line. Here profit refers to the fact that the business must create a value that is financially viable and sustainable. The concept ofpeople means that it must adopt fair and beneficial practices toward labor and the community in which it operates and planet means that it must also adopt sustainable environmental practices.
Mid-Atlantic Region: Universities and Colleges in the District of Columbia, Delaware, Maryland, Virginia, and West Virginia are invited to participate. There is a limit of two teams per university or college with a maximum of 25 participating teams for the entire competition.
Saturday April 11, 2015
9 AM to 5 PM
University of the District of Columbia
4200 Connecticut Ave. NW
Washington, DC 20008
Competition Awards ($10,000) – Sponsored by Capital One
First place: $5,000
Second place: $3,000.
Third place: $2,000
Intent to Participate
If your school is planning to participate in the competition, please register HERE