COMPETITION RULES

Eligibility Requirements for Ventures

Team size can consist of 3-5 members.

Submitted ventures should aim to be financially sustainable or profitable; whether it is a for-profit, non-profit, or hybrid business model, your venture must aim to be self-sufficient on earned revenue.

Submitted ventures must have a quantifiable social and/or environmental bottom line incorporated into their mission and practices.

Submitted ventures must be less than 2 years old (with the start of the venture marked by incorporation or first income, whichever occurred first) as of December 31, 2015.

Submitted ventures may not be a wholly owned subsidiary of an existing entity (of either a for-profit or non-profit entity).

Submitted ventures must not have received more than $250,000 in funding from venture capital, private investors, grants (government or foundation), loans, or other funding sources. Lifetime revenue should not exceed $500,000 as of December 31, 2015.

Eligibility Requirements for Teams
Your team must include a graduate student (current or within two years of graduation as of December 31, 2015) from any masters-level or post-graduate higher education program in any area of study in the world; the student must be actively involved in the venture.

Your team should include a statement describing the graduate student’s level of involvement.

The graduate student or recent graduate student must be one of the team’s presenters and must be available to answer judges’ questions regarding the business in the final two rounds of the competition.

Teams are strongly encouraged to include seasoned entrepreneurs and professionals with relevant skills and experience.
Other qualifications
A team cannot enter the competition more than twice.

Teams that have competed at the Global Finals may not enter more than once.  Regional Partners may put additional limits on the number of times that a team may compete at the regional level.

All submissions and presentations for the Global Finals round must be in English.

Your entry must include a financial analysis as well as a Social Impact Assessment (SIA), including the Social Value Proposition and Social Indicators. Learn more on the SIA page of the website.