Social Impact New Venture Challenge

Social Impact New Venture Challenge (SINVC)

The Innovation & Entrepreneurship Initiative hosts this offshoot of NVC, where teams can win up to $5,000. First and second place teams have automatic acceptance into the July SEA Change Social Enterprise Accelerator Cohort.

What is a Social Enterprise? A social enterprise is an organization that operates with the primary goal of addressing a social, environmental, or community issue through its business activities. Unlike traditional businesses that prioritize profit, social enterprises aim to generate revenue while simultaneously creating positive social impact. These organizations often reinvest a significant portion of their profits back into their mission to further their social goals. Social enterprises can take various forms, including for-profit companies, non-profit organizations with income-generating activities, or hybrid models. The key characteristic of a social enterprise is its commitment to balancing financial sustainability with social responsibility.

âš ÌýRegistration for the 2025 has closed. The winners will be announced on April 7!

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2024-25 Social Impact NVC Competition Eligibility, Details and Deadlines

2024-25 Dates & Deadlines

  • Dec. 1: Social Impact New Venture Challenge RegistrationÌýOpens
  • Feb. 8,Ìý3 p.m. MT:ÌýDeadline to register ventures
  • Feb. 19, 7 p.m.: Entity Formation Workshop*Ìý(virtual)