Prizes for participating teams

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 tope 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.

Important note: 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.

This competition has four rounds, each of which has its own jury panel and its own criteria listed below. Participants must complete each round to be eligible for participation in the next round.

 

Milestones and evaluation criteria for participating teams

Application (online)

Application deadline: 31 January

Submission: Click on this link to enter the competition.

You will need to prepare the following information:

  • Project name & location
  • Team composition:
    • Name of team members (exactly as to be printed on SBC certificates)
    • Education background
    • Affiliation (if the member is currently a student, enter the name of the program and university that the member is attending. If the member is not a student, enter the name of the organization in which the member is working)
    • Country
    • Role in the team
    • Email
  • If a member of the team request financial and other special support he should include a letter explaining the type of support requested and the reasons why SBC should grant this member the requested support. SBC will consider the request and communicate the results with that member at the time SBC sends the team the decision letter with regards to the application to enter the competition.
  • Closeup photos of all your team members
  • Proof of student status of the members who are students (at least one member of the team must be a student at the time of the application)
  • Social challenge description: in maximum 200 words, describe your target social challenge and motivations to address this challenge.
  • Proposed solution: in maximum 200 words, describe how YOUR TEAM plans to address the target social challenge.
  • Declaration of contribution to UN sustainable goals: declare how the project contributes to at least one of the 17 sustainable development goals identified by the United Nations and briefly explain how it will be done (in 1 or 2 sentences for each goal). Check the United Nations’s web site for detailed information about the goals.

Admission criteria:

  • Clear description of social issues to be addressed
  • Proof of student status
Round one - Social innovation (online)

Study period: February 1 – March 31

Submission : By March 31, you must submit your report according to SBC template for Round 1 (Click on this link to know the information you must provide). The instructions on where and how to upload your work will be given in the admission letter.

Evaluation criteria: Click on this link to download the evaluation form. You must obtain a minimum of 30 points on a 100-point scale system to be invited to compete in Round 2.

Receive feedback from SBC judges:

  • Decision on whether the team is invited to the next round: April 15
  • Grading and comments by judges: April 30
Round two - Business innovation (online)

Study period: April 1 – May 31

Submission: By May 31, you must submit your work according to SBC template for Round 2 (Click on this link to know the information you must provide). The instructions on where and how to upload your work will be given in the SBC invitation to compete in Round 2.

Evaluation criteria: Click on this link to download the evaluation form. You must obtain a minimum of 30 points on a 100-point scale system to be invited to Montreal for the final rounds.

Receive feedback from SBC judges:

  • Decision on whether the team is invited to the next round: June 15
  • Grading and comments by judges: June 30
Semi-final round - Execution and scale-up (in Montreal)

Study period:

  • Online study: June 1- September 20
  • Intensive training in Montreal: September 21-26

Presentation: On September 28, you will present in a private room in front of judges who act as impact investors. Each team has 30 minutes for the presentation and 20 minutes for Q&A with judges. The room assignment and time are decided on September 21 by a random draw when the team checks in at the beginning of the training week in Montreal.

Evaluation criteria: Click on this link to download the evaluation form. You must be the best in your room to be nominated to compete in the Grand Final.

Receive feed back from SBC judges:

  • Decision on whether the team is selected to the Grand Final: 18h30 on September 28
  • Grading and comments by judges: November 15
Grand final - Impacts (in Montreal)

Presentation: The three finalists will present in front of a grand public on September 28 evening. Each team has 10 minutes for the presentation and 10 minutes for Q&A with judges and people in the audience.

Evaluation criteria: Click on this link to download the evaluation form.

Receive feed back from SBC judges:

    Decision final prizes: 21h30 on September 28

  • Grading and comments by judges: November 15

Prizes for institutions

1. Impactful Change Agent Award: $30 000 CAD

2. Emerging Change Agent Award: $10 000 CAD

  • Eligibility: The institutions must have at least one of their students participating in the edition in which the institutions wish to be considered for the institutional awards.
  • 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

Milestones and evaluation criteria for institutions

Enter your teams in the competition

Application deadline: 28 Februrary

Submission: Click on this link to enter the competition.

You will need to prepare the following information:

  • Total number of participants nominated by the institution
  • Institution’s representative:
    • Full name
    • Position
    • Representation capacity (i.e., education module, program, department, institute, center, etc.)
    • Email
    • Phone
    • Postal address
  • List of teams nominated by the institution and summary of the teams’ profiles:
    • Project name
    • Coach’s full name (if the team has more than one coach, enter the name of the head coach only)
    • Coach’s email
    • UN Goals (write the number of the UN goals to which the project intends to contribute)
    • One-line description of the project
    • Institutional support (indicate the type of support the project receives from the institution (i.e., course credit, financial support, etc.). If the project does not receive any formal support from the institution, write “NONE”).

    Besides filling in the instititional application form, the institutions must require their nominated teams to complete the forms for participants. SBC selection is done on a rolling basis, and teams will receive an SBC decision letter within 10 working days after the organizers receive the completed application form.

Submit an Action Plan Proposal

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 below).

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).

NOTE: Social Business Creation competition (SBC) is an innovative pedagogical platform on which your students learn to create social businesses. Besides the rich learning experience, students will get the chance to win several prizes in cash and services besides scholarships to participate in the SBC program. 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.

Prizes for educators

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.
  • Submission: 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).

Prizes for the general public

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.