EVALUATION CRITERIA

Plans will be evaluated against three equal sets of criteria.

1. Business potential (33%)
 Market & Competition:
  • Business addresses a clearly-identified need and target customer
  • Business is clearly differentiated from its competitors (both direct and indirect)
     
Products/Services (Offering):
  • Solution is clearly defined with features and benefits 
  • Offering holds substantial and lasting appeal to target
     
Financial Sustainability:  
  • Business model is both financially feasible (value created is greater than costs incurred), fundable (attractive for future investors and donors), and scalable (replicable across regions, product categories, or impact areas)
     
2. Social impact potential (33%)
Social Value Proposition
  • Business has a clearly-identified social value proposition that is supported by a well-articulated theory of change 
  • Business generates social value above and beyond current state and/or next best available option
     
Quantification of Potential Social Impact
  • Potential Social Impact projections are based on reasonable assumptions and credible data
  • Plan has identified operational metrics (“social indicators”)  that strongly relate to desired social outcomes
  • Plan recognizes potential unintended and/or negative consequences of the business
     
3. Likelihood of success (33%)   
Implementation
  • Clearly defined vision and growth objectives
  • Roadmap for implementation, including necessary connections/partnerships, customer acquisition strategy and demonstrated proof of concept
  • Basic scenario planning to show adaptability in the face of hurdles or challenges
  • Clear and feasible plan for impact measurement and evaluation, including ongoing monitoring of unintended and/or negative consequences of the business
     
Organizational Fit
  • Social value proposition is central to the business model; impact scales as business scales
  • Business has a comparative advantage to existing players addressing the same need
     
Quality of management team
  • Relevant and diverse domain & industry experience, business track record, education, access to resources, strong relationship with advisers
  • Professional, persuasive and organized presentation

    Judging Process :
    The GSVC is divided into three rounds: First Entry Round, Regional Semifinals, and Global Finals. Each of them develops as follows:

    The First Judging Round will take place at each Regional and Outreach Partner school or competition.  During this round, executive summaries and applications will be screened by professional judges.  The professional judging panel for this round will consist of an appropriate balance of venture philanthropists, social venture investors, angel investors, venture capitalists, and social venture entrepreneurs with 5 to 10 years of experience in the field. Judges will provide all teams with written feedback on their submission.

    The Regional Semifinals Judging Round will take place at each Regional Partner school or competition. The judging panel for this round will also consist of an appropriate balance of experts in the social field with more than 10 years of experience and whose collective expertise spans a breadth of social, environmental, and business subjects.All participating teams will receive extensive feedback on their ventures from the judges.

    The Global Finals Judging Round will take place in April. It will be hosted by Thammasat Business School in Bangkok,Thailand in two consecutive rounds: Global Finals Round 1 and Round 2.  Each Global Finalist team will present to a panel of judges at the Global Finals Round 1, where the top teams will be selected to present the next day at the Global Finals Round 2.  All teams will be judged on how well they demonstrate potential for social and financial returns and the strength of their implementation strategy. The judging panels will consist of outstanding experts in the social field representing all sectors (venture philanthropists, social venture investors, international development experts, angel investors, venture capitalists, and social venture entrepreneurs) and with more than 15 years of expertise. 

    *Note that some or all of the presentations will be open to the public.