Organized by HEC Montréal, in Canada, and with the support of Yunus Centre – founded by Nobel laureate Prof. Muhammad Yunus – in Bangladesh, Social Business Creation is a global competition and an innovative training platform through which participants learn about how to use market mechanisms to solve social challenges. From a social mission idea at the beginning of the competition, participants will learn how to create profitable businesses with strong social impacts. Besides the rich learning experience, participants will get chances to win several prizes in cash, services, and scholarships to participate in SBC program.

Format

The competition is structured as a course which provides experiential learning and uses a gamification approach to enhance students’ learning experience while developing a social business project.

Participants will learn, through an efficient and proven pedagogical strategy, how to:

  • Use market mechanisms to address social and environmental challenges

  • Leverage on a collective social mindset

  • Collaborate with various stakeholders

  • Develop their idea into a real mission-driven business

This competition offers a win-win platform that allows for bottom-up development. The amount of work required from participating students is equivalent to what is required from a 3-credit course. Therefore, universities may integrate this competition into their curriculum and may award participating students with course credits according to their institutional policy.

 

 

Prizes

1. First prize: $38 500 CAD

    $30 000 in cash and $8 500 in services (i.e. one tuition to participate in MOSAIC Summer School on Management Of Creativity & Innovation)

2. Second prize: $23 500 CAD

    $15 000 in cash and $8 500 in services (i.e. one tuition to participate in MOSAIC Summer School on Management Of Creativity & Innovation)

3. Third prize: $13 500 CAD

    $5 000 in cash and $8 500 in services (i.e. one tuition to participate in MOSAIC Summer School on Management Of Creativity & Innovation)

4. Five “Innovative Social Business Concept” Awards: $10 000 CAD

    $2 000 in cash for each of the top five teams of Round 2

5. Twenty “Impactful Social Business Idea” Awards: Certificate only

    Recognition for the top twenty teams of Round 1

6. Five “Best Consulting Report” Awards: Certificate only

    Recognition for the five best reports by team members who play the role of coach/advisor/mentor. The report should relect the effectiveness of their services in helping the team to improve the project.

Click here for judging criteria

 

Eligibility

To be eligible, each team must include at least one university student (at any level, program, and discipline). All members of participating teams must pay their nonrefundable administration fee to access SBC training, make presentations, and receive certificates and prizes (if their team wins).

 

Training

Participants will be eligible to:

  • Follow HEC Montréal’s online course comprising 4 modules specifically designed for this competition
  • Use Social Business Creation competition’s online platform and templates for their activities within the framework of this competition
  • Showcase their projects on Social Business Creation website if they compete in Round 2
  • Follow 1-week training at HEC Montréal which is adapted to participants’ needs from the pedagogical perspective. See Edition 2019’s program for an idea of what the training week looks like. Program for 2020 will be published in June

Participants will receive HEC Montréal’s certificates for the rounds in which they participate only.

Specific note to HEC Montréal students:To earn 3 course-credits, you need to register with the Office of the Registrar:  BAA program, Certificate program, M.Sc.program. You may also qualify for a “Fonds Leadership” scholarship.

 

Scholarships and financial assistance

SBC offers various merit-based scholarships and need-based financial assistance. To apply, participants must complete the section called “Request for financial and other special support” in the application form.

 

Conditions

This competition has four rounds (Round 1 – Social innovation; Round 2 – Business innovation; Semi-final – Execution and scale-up; Grand final – Impacts). Each round has its own jury panel and its own judging criteria. SBC considers the whole team as one unit. The learning is, therefore, reflected in the team’s learning, not individual learning. SBC evaluate teams based on their entire teamwork, not the work done by each individual.

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 reflects the true evolving process of new venture creation.

With regards to the training, teams can choose who among their team members, how and when to follow the online course. SBC does not check attendance for participants’ online course participation. However, it is impossible to meet each round’s challenge requirements without following the course attentively.

Global finalists (i.e., the teams that pass Round 2) are required to complete the training in Montreal before their final presentations. To be eligible for final presentation, at least one of the team members must participate in the Training Week in Montreal. Only members that are present on time at the final presentations and check-in for at least one of the training sessions will be granted the Round 3’s participation certificate.

 

Fees

Application fee: None (thanks to SBC sponsors who cover the $91.19CAD general application fee to HEC Montreal for you)

Administration fee: $200CAD (payable only when your team application is successful and you are ready to enter the competition)

Tuition fee:

  • Online training: None (thanks to SBC sponsors who cover the $500CAD tuition for you)
  • Training in Montreal:
    • Global finalists: None (thanks to SBC sponsors who cover the tuition for you)
    • Participants who are admitted but do not pass previous rounds: 50% the tuition fee of a 3-credit course (thanks to SBC sponsors who cover 50% of the tuition for you)
    • All other people: Full tuition fee ($462.26CAD for Quebec residents, $1,001.87CAD for non-Quebec Canadian residents, and $1,949.96CAD for international students

See https://www.hec.ca/en/students/tuition-fees/index.html for more information about HEC Montreal’s fees.

Format

Social Business Creation competition (SBC) is a training platform that focuses on educating a new mindset. It uses an innovative experiential pedagogy to enhance its effectiveness and a gamification approach to heighten student engagement. SBC collaborates with other educational institutions around the world to implement the mission of educating business people to be socially responsible. Specifically, SBC mission is to:

  1. Change the mindset of students towards the norm that “profitability and positive social impacts should go hand-in-hand and thus social business is the way to do business”;
  2. Propagate the concept of social business and make students become ambassadors for its promotion;
  3. Enable and teach students to become better entrepreneurs with a sense of higher purpose and use their knowledge for the sake of social contributions via their business activities;
  4. Enable students to be successful in their entrepreneurial development.

All participating institutions will receive reports of their students’ performance for the competition rounds of the editions in which their students participate.

Universities can send their students to the SBC competition without any formal collaboration agreement. However, if the institutions wish to receive discounts for their students and SBC support to develop their social entrepreneurship programs, they need to become SBC official partners. SBC offers three levels of partnership:

  • Level 1: SBC provides its global training platform and the Partner integrates SBC in its curriculum
  • Level 2: SBC and the Partner conduct joint training and research
  • Level 3: The Partner acts as an SBC regional hub

For detailed information on how to become SBC official partners and take advantage of the collaboration, please contact Prof. Mai Thai at mai.thai@hec.ca.

 

Prizes

1. Impactful Change Agent Award: $30 000 CAD

2. Emerging Change Agent Award: $10 000 CAD

Click here for judging criteria

 

ELIGIBILITY

To enter a team for the competition, the institutions must be at the university level.

If your institution wants to be considered for institutional prizes, the person responsibile for SBC coordination at your instititution must submit to sbc@hec.ca by 30 August an action plan proposal to create social impacts in accordance with the SBC mission (see above).

Your dossier will be evaluated by the institution’s ability to create impacts (criteria in part A of the evaluation form) and potentials to create social impacts from the award money (criteria in part B of the evaluation form).

 

Training

SBC offers the Training-of-Trainers (ToT) program which is designed to (1) enable university professors and business professionals to become more effective coaches, and (2) provide essential knowledge and tools in order to create programs that support social entrepreneurship development. The ToT program features:

  1. One week of intensive study at HEC Montreal that includes lectures, workshops, hands-on practices, and site visits from 21 to 28 September
  2. Access to SBC online course on social business creation.

 

CONDITION TO RECEIVE THE PRIZE MONEY

The recipients of the prize money must sign a contract with SBC to execute the plan they put down in the proposal

 

Scholarships and financial assistance

SBC offers various merit-based scholarships and need-based financial assistance. To apply, you must complete the section called “Request for financial and other special support” in the application form.

 

Fees

Competition

There is no fee to the institutions but they must ensure that all members of their participating teams pay their respective administration fees.

Training-of-trainers program

  • SBC provides full subsidies for a number of Training-of-Trainers educators and business professionals sent by SBC’s partner universities according to the level of collaboration between SBC and these institutions (i.e., one person at level 1, five people at level 2, and ten people at level 3).
  • Other Training-of–Trainers participants recommended by these institutions (that are not provided with full subsidies) can apply for a partial subsidy of up to 75% of the total fee.

People from institutions without a formal partnership with SBC must pay the full fee of CAD $4,000.00 per person.

See https://www.hec.ca/ecole-des-dirigeants/formations/index.html for more information about HEC Montreal’s fees for managers.

Format

Social Business Creation competition (SBC) is a training platform that focuses on educating a new mindset. It uses an innovative experiential pedagogy to enhance its effectiveness and a gamification approach to heighten student engagement. SBC works with educators around the world to implement the mission of educating business people to be socially responsible. Specifically, SBC mission is to:

  1. Change the mindset of students towards the norm that “profitability and positive social impacts should go hand-in-hand and thus social business is the way to do business”;
  2. Propagate the concept of social business and make students become ambassadors for its promotion;
  3. Enable and teach students to become better entrepreneurs with a sense of higher purpose and use their knowledge for the sake of social contributions via their business activities;
  4. Enable students to be successful in their entrepreneurial development.

All teachers will receive reports of their students’ performance for the competition rounds of the editions in which their students participate.

 

Prizes

Five “Impactful Educator Awards”: Certificate only

Awarded to the top five educators with the best pedagogical innovation and effectiveness in accordance with the SBC mission (see above).

 

ELIGIBILITY

The candidate must be a teacher directly involved in the training of at least one team in the edition in which he/she wishes to be considered for educator award.
The candidate must submit to sbc@hec.ca by 30 August a document explaining their pedagogical innovation and effectiveness in accordance with the SBC mission (see above).

 

Training

The Training-of-Trainers (ToT) program is offered to educators and professionals who wish to develop their expertise in social entrepreneurship. The program is designed to (1) enable university professors and business professionals to become more effective coaches, and (2) provide essential knowledge and tools in order to create programs that support social entrepreneurship development. The ToT program features:

  1. One week of intensive study at HEC Montreal that includes lectures, workshops, hands-on practices, and site visits from 21 to 28 September
  2. Access to SBC online course on social business creation.

 

Scholarships and financial assistance

SBC offers various merit-based scholarships and need-based financial assistance. To apply, you must complete the section called “Request for financial and other special support” in the application form.

 

Fees

Competition

  • Application fee: None (thanks to SBC sponsors who cover the $91.19CAD general application fee to HEC Montreal for you)
  • Administration fee: $200CAD (payable only when your students’ team application(s) is successful and you are ready to enter the competition with your students)
  • Tuition fee:
    • Required online training: None (thanks to SBC sponsors who cover the $500CAD tuition for you)
    • Optional training in Montreal:
      • If your students are among the global finalists: None (thanks to SBC sponsors who cover the tuition for you)
      • If none of your students are among the global finalists: 50% the tuition fee of a 3-credit course (thanks to SBC sponsors who cover 50% of the tuition for you)

Training-of-trainers program

If you are sent by SBC’s partner universities, the fees are as follow:

  • SBC provides full subsidies for a number of Training-of-Trainers educators and business professionals sent by SBC’s partner universities according to the level of collaboration between SBC and these institutions (i.e., one person at level 1, five people at level 2, and ten people at level 3).
  • Other Training-of–Trainers participants recommended by these institutions (that are not provided with full subsidies) can apply for a partial subsidy of up to 75% of the total fee.

If you are independent applicants, you must pay the full fee of CAD $4,000.00 per person.

See https://www.hec.ca/ecole-des-dirigeants/formations/index.html for more information about HEC Montreal’s fees for professionals and managers.

Format

SBC sensibilizes the general public of the concept of social entrepreneurship and the contributions made by social entrepreneurs by encouraging everyone to (1) review SBC participating teams’ pitches online and at the Grand Final event and/or (2) sign up for SBC training programs listed below.

 

Prizes

There are several attendance prizes (gift cards and books) for the people who are present at the Grand Final event. The prize winners are selected based on random draw.

 

Training

SBC offers two training programs in conjunction with the competition.

Social Entrepreneurship Certificate program

The Social Entrepreneurship Certificate (SEC) program is offered to anyone interested in learning how social entrepreneurs have developed innovative and profitable solutions to social problems. Learners will be exposed to the key concepts and current practices in social entrepreneurship. The SEC program features:

  1. One week of intensive study at HEC Montreal that includes lectures and site visits from 21 to 28 September
  2. Access to SBC online course on social business creation.

Training-of-Trainers program

The Training-of-Trainers (ToT) program is offered to educators and professionals who wish to develop their expertise in social entrepreneurship. The program is designed to (1) enable university professors and business professionals to become more effective coaches, and (2) provide essential knowledge and tools in order to create programs that support social entrepreneurship development. The ToT program features:

  1. One week of intensive study at HEC Montreal that includes lectures, workshops, hands-on practices, and site visits from 21 to 28 September
  2. Access to SBC online course on social business creation.

 

Scholarships and financial assistance

SBC offers various merit-based scholarships and need-based financial assistance. To apply, you must complete the section called “Request for financial and other special support” in the application form.

 

Fees

Social Entrepreneurship Certificate program

1. If you are a member of a participating team, your fees are the same as other participants:

  • Application fee: None (thanks to SBC sponsors who cover the $91.19CAD general application fee to HEC Montreal for you)
  • Administration fee: $200CAD (payable only when your team application is successful and you are ready to enter the competition)
  • Tuition fee:
    • Online training: None (thanks to SBC sponsors who cover the $500CAD tuition for you)
    • Training in Montreal:
      • Global finalists: None (thanks to SBC sponsors who cover the tuition for you)
      • Participants who are admitted but do not pass previous rounds: 50% the tuition fee of a 3-credit course (thanks to SBC sponsors who cover 50% of the tuition for you)

2. If you are not a member of a participating team, you will have to pay the full fees ($462.26CAD for Quebec residents, $1,001.87CAD for non-Quebec Canadian residents, and $1,949.96CAD for international students.
See https://www.hec.ca/en/students/tuition-fees/index.html for more information about HEC Montreal’s fees.

Training-of-trainers program

If you are sent by SBC’s partner universities, the fees are as follow:

  • SBC provides full subsidies for a number of Training-of-Trainers educators and business professionals sent by SBC’s partner universities according to the level of collaboration between SBC and these institutions (i.e., one person at level 1, five people at level 2, and ten people at level 3).
  • Other Training-of–Trainers participants recommended by these institutions (that are not provided with full subsidies) can apply for a partial subsidy of up to 75% of the total fee.

If you are independent applicants, you must pay the full fee of CAD $4,000.00 per person.

See https://www.hec.ca/ecole-des-dirigeants/formations/index.html for more information about HEC Montreal’s fees for professionals and managers.