Judging criteria and prizes

This competition has four rounds, each of which has its own judges panel and its own criteria listed below.

Participants must complete each round to be eligible for participation in the next round.

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.

Milestones and evaluation criteria

Application (by email)

1. Click on this link to enter the competition with a social project idea.
Admission criteria:

  • Clear description of social issues to be addressed
  • Proof of student status

2. To participate in SBC Training-of-trainers workshops or to become SBC official partner, email Prof. Mai Thai at mai.thai@hec.ca your expression of interests

Round one - Social innovation (online)

Study period: February 1 – March 31
Submission deadline: March 31
Receive feedback from SBC judges: April 15
Evaluation criteria:

  • Clear understanding of the deep causes of the target social challenge
  • Potential effectiveness of the proposed social solution
  • Thorough stakeholder analysis and evidence of support from various stakeholders
  • Learning curve from entry proposal
Round two - Business innovation (online)

Study period: April 1 – May 31
Submission deadline: May 31
Receive feedback from SBC judges: June 15
Evaluation criteria:

  • Product/service feasibility
  • Commercial potentials
  • Potential social impacts
  • Evidence of commitment by key stakeholders
  • Learning curve from previous rounds
Semi-final round - Execution and scale-up (in Montreal)

Study period: September 21-26
Presentation: September 28 throughout the day
Receive feed back from SBC judges: November 15
Evaluation criteria:

  • Fit between the team and the solution to be executed
  • Significance of social and commercial potentials
  • Demonstration of a high probability of success
  • Learning curve from previous rounds
Grand final - Impacts (in Montreal)

Presentation: September 28 evening
Receive feed back from SBC judges: November 15
Evaluation criteria:

  • Level of social and business innovation
  • Strong execution & scale of impacts
  • Learning curve from previous rounds

Prizes

2020 edition: Total of CAD$125,500 for SBC’s 5th edition! 

Round 1

The top 10% teams will receive “IMPACTFUL SOCIAL BUSINESS IDEA AWARD”. 

Round 2

The top 5 teams will receive “SOCIAL BUSINESS CONCEPT AWARD”. 

Each of these top 5 teams will receive :

  • CAD$2,000 (after having completed the Final Round’s requirements)

Final round 

Final round cash prizes will be announced on November 30th 2019.

Stay tuned! 

In addition to the cash prizes, each of the top 3 teams will receive: