Social Business Champ 2014

“Yunus Centre” and “Social Business Youth Network- SBYN” is proud to announce the launch of “Social Business Champ 2014”. Social Business Champ 2014 is a Social Business plan competition designed for university level students to showcase their entrepreneurial skills and creativity to generate solutions for pressing social problems in a business way-the Social Business way! It challenges university-level students to use business principles to create sustainable, positive solutions to some of the world’s most challenging issues—poverty, education, environment, employment,  health and development.

As Professor Muhammad Yunus points out, today’s generation of young people are more aware of social problems than ever before. With the power of technology at their fingertips, our young change makers possess all it takes to make an impact on their societies. So here is your chance to come up with ideas and business plans that will help fight a particular social problem.

In addition to the chance to win award from The Noble Laureate and funding to materialize the Social Business idea, SB Champ 2014 provides teams an unparalleled experiential learning opportunity—meeting and competing against top students, coaching and mentoring from the Social Business experts, exposure to an extensive network of professionals and companies, and the chance to present to judges and investors.

Compete

Welcome to the Social Business Champ 2014!  We appreciate your interest in participating in the competition.

From all entries, judges will narrow the field to the best 30 teams.  These 30 Teams has to register by making a payment of BDT 500 per person.  All the participants will go through “Training on Social Business Development”.   After the Training competitors will have the opportunity to develop their Social Business Plan under the mentorship of an Expert Panel. Then these teams need to make presentations and write a complete Social Business Plan.

Teams will complete for The Award and the funding of the social business idea. Top 3 Teams will get free entry to Social Business Day 2014 at Radisson Blu, Dhaka. Teams will have the opportunity to meet and network with the leading Social Business practitioner, early stage investors, and successful entrepreneurs.

Teams:
Each team must comprise of a minimum of 2 to a maximum of 3 members. All of who must be currently registered students of universities.

General Notices
Changes to Competition Rules: While not anticipated, SB Champ 2014’s rules and prizes are subject to change at any time. Interpretation of the rules will be at the sole discretion of SBYN and Yunus Centre

Decisions regarding the Competition and the Winners: All decisions regarding the competition rules, procedures, and processes are at the sole discretion of SBYN and Yunus Centre . Changes and/or interpretations of these rules may be made by SBYN and Yunus Centre at any time, even though they may be (or may appear to be) in conflict with some previously published information. The selection of teams and winners is at the sole discretion of the judges.

Copyrights and permissions
Teams which use copyrighted materials and/or images from a third-party in their submissions or presentations must obtain permission and authorization in advance from the owners to use this material.

Scoring:
Your business plan will be judged based on the following criteria:

Demonstrates understanding of the concept of social business: 20
Addresses all the points of the social business plan template: 60
Demonstrates business sustainability through creative thinking, research, statistics, etc: 20
Total : 100

Round Guidelines

ROUND 1 (Open Round):

The Social Business Concept, the social problem solved and Strategy needs to be presented within 500 words, basically a summary of the social business idea. It should identify the social problem your business addresses, the target market and competitive advantage of your business.

The Social Business Concept and Strategy must be submitted via the online platform by May 23, 2014 by 12:00 pm.

Please mention your TEAM NAME, TEAM MEMBERS PROFILE & UNIVERSITY NAME at the start of the Summary Social Business Idea

Name of the selected 30 teams will be announced by May 26, 2014.

ROUND 2 (Training & Mentorship):

Selected 30 teams will register in the competition with a payment of BDT 500 per person and receive a “Training on Social Business Development” followed by a “One to One Mentoring”.  This Round will be held at “Grameen Bank Auditorium” on June 07, 2014.

ROUND 3 (Presentation Round :

The 30 teams will have to submit a 5-6 page short business plan and give presentation on it. Presentation time is 10 minutes per Team. This Round will be held at “Yunus Centre” on June 14, 2014.

FINAL ROUND (Submission of Complete Social Business Plan):

After the 3rd Round, 12 Teams will move forward and will have to submit a Complete Social Business Plan Competition within June 22, 2014. Three Top Teams will be announced on June 25, 2014.

AWARD GIVING CEREMONY:

Three Top Teams will be awarded by Professor Muhammad Yunus on Social Business Day 2014 on June 28, 2014 at Radisson Blu, Dhaka.

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