Judging criteria and prizes

This competition has four rounds, each of which has its own judge panel and its own criteria listed below. Participants must complete each round to be eligible for participation in the next round. However winning a prize in a round does not guarantee a chance of getting a prize in the next round. By the same token, not winning a prize in a round does not preclude a chance of getting a prize in the next round. This reflect the true evolving process of new venture creation.

Submission requiredCriteriaPrize
    Admission
    Complete SBC online application (to be available in January 2017) that includes:

  • A form which lists team members (there is no required minimum or maximum number of members; however at least one member must be have university student status at the time of application)
  • A 1-page proposal that describes the applicant team’s business idea to solve one or several social issues
  • Proof of student status of the student members (their current transcript or university’s attestation letter)
  • Photo of team members (may be taken individually or in group)
  • CAD100 non-refundable application fee for each member regardless of student status.
  • Clear description of social issues to be addressed
  • Business potential of the proposed solution.
    Round one (Stakeholders support)
  • Submit online their business concept presentation (SBC template is required)
  • Submit online their stakeholder analysis (SBC template is required)
  • Submit online their proof of social support
  • The link for submission is given in the admission letter.

  • Quality of business idea presentation
  • Quality of stakeholder analysis
  • Strength of social support obtained
  • Detailed individual feedback will be sent to teams and the results will be announced on April 15,2017.

    The top 10% teams will receive “IMPACTFUL SOCIAL BUSINESS IDEA AWARD” certificates on September 18, 2017 or by post afterwards.
    Round two (Business concept)
  • Teams finalize their business concept presentation on http://www.socialbusinesscreation.hec.ca that includes a 100-word business description, a 3-minute video pitch, monetary value of the investment and resources acquired from the crowdfunding and crowdsourcing campaign, links to their social media, and detailed business model explanation (SBC template is required).
  • Teams email to sbc@hec.ca their proof of crowdfunding and crowdsourcing results
  • Teams email to sbc@hec.ca their pledge to come to Montreal
  • (optional) Teams email to sbc@hec.ca any information that the they want to be considered in the evaluation (and get feedback on) but do not want to disclose to the public.
  • Personal account information is given in the admission letter.

  • Originality
  • Product/service feasibility
  • Commercial potential
  • Crowdfunding and crowdsourcing performance
  • Detailed individual feedback will be sent to teams and the results will be announced on June 15, 2017.

    The top 5 teams will receive “SOCIAL BUSINESS CONCEPT AWARD” certificates on September 18 or by post afterwards. Each of the top 5 teams will receive CAD2,000 after having completed Round 3’s requirements.
    Round three (Business pitch)
  • Each team has 15-minute pitch and 10-minute Q&A session
  • Only students are allowed to deliver the pitch presentation. Other team members may join in the Q&A session.
  • All materials to be used at the presentation must be submitted before 8 am on September 18, 2017
  • Effectiveness of the solution
  • Cohesive business model
  • Presentation skill
  • The results will be announced at 2 pm on September 18, 2017. Detailed individual feedback will be sent to teams within a month.

  • Three teams will be selected to the final round.
  • The results will be announced at 2 pm on September 18, 2017. Detailed individual feedback will be sent to teams within a month.
    Final Round
  • Each team has 30-minute presentation and 20-minute Q&A session.
  • Only students are allowed to deliver the final presentation. Other team members may join in the Q&A session.
  • All materials to be used at the presentation must be submitted before 1pm on September 18, 2017
  • Significance of social impact potential
  • Demonstration of high probability of success
  • The results will be announced at 8 pm on September 18, 2017. Detailed individual feedback will be sent to teams within a month.
  • The results will be announced at 2 pm on September 18, 2017. Detailed individual feedback will be sent to teams within a month.

    Top 3 teams will receive their corresponding award certificates and prizes in cash and kind from our sponsors:

  • First prize: $15,000 cash + 1 tuition waiver to participate in MOSAIC-HEC Summer School on Management of Creativity in an Innovation Society (http://ecole-ete.hec.ca/en)
  • Second prize: $7000 cash + 1 tuition waiver to participate in MOSAIC-HEC Summer School on Management of Creativity in an Innovation Society (http://ecole-ete.hec.ca/en)
  • Third prize: 1 tuition waiver to participate in MOSAIC-HEC Summer School on Management of Creativity in an Innovation Society (http://ecole-ete.hec.ca/en)