The GBF is rolling out an exciting new initiative within the GBC 2017 framework: The Graduate Business Competition for Impact Investing.
The first global business plan competition – open to current MBA students across the world’s top graduate programs – for any venture stage initiative combining a positive financial return with a positive social contribution. Finalists will compete live before an expert panel for meaningful cash and non-cash prizes.
GBCi2 is seeking to…
- Encourage student leaders to think and act with entrepreneurial spirit
- Embed a ‘no trade-offs’ mindset into business culture and practice
- Reward courage and tenacity in driving a great idea into reality
What is Impact Investing?
Social entrepreneurship, conscious capitalism, impact investing… there are many emerging expressions with the ultimate goal to describe the application of business principles for achieving positive social change. It’s about caring for more just the financial returns – about making it part of your mission to also achieve social and/or environmental returns as your business grows and thrives.
We have chosen to focus on the term Impact Investing – because the mission is to provide funds to dynamic start-ups that are committed to a ‘no trade-offs’ business model. Business ideas that want to make an impact, while returning profits to investors in the long-run.
What is GBCi2 ?
The Graduate Business Competition for Impact Investing is a business plan competition for emerging start-ups in the for-profit impact space. The competition is open to current business school students within the GBF member network. It will premiere at the spring 2017 GBC, and the competition will focus on providing start-up funding and mentoring to high potential, high impact start-up(s), that have an innovative for-profit business proposal with positive social and/or environmental impact.
Up to 5 teams selected to participate in the finals will be presenting to a top-caliber judges, integrating sponsors and business leaders from the impact investment space. Participating sponsors will have the opportunity to invest directly (for equity), alongside the prizes (offered in the form of grant money).
The Long term vision for the GBCi2 initiative is to develop into a virtual incubator for social entrepreneurs from leading graduate management schools and to help integrate them into the global impact investing community.
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