Cash Prizes

 
Grand Prize
$50,000

in cash, plus in-kind services

Runner-Up
$25,000

in cash, plus in-kind services

The social enterprise track of the student New Venture Competition offers a number of resources and benefits:

  • A series of workshops and office hours covering topics such as how to develop a social enterprise Business Plan, identifying the market for social ventures, financial modeling, pitching and presenting, and perspectives from practitioners and entrepreneurs; and mixers to facilitate multi-disciplinary collaboration and team-building.
  • The catalyst to develop a Business Plan and Executive Summary synopsis, and for semi-finalists and finalist teams the opportunity to present.
  • Feedback from expert judges at multiple stages in the process to help you strengthen and develop your ideas within the competition and beyond. Past judges have come from leading social sector organizations such as ACCION International, Draper Richards Kaplan Foundation, Echoing Green, Invested Development, and The Bridgespan Group.
  • Reimbursement of start-up expenses up to $1,000. See Expense Form
  • Fast-tracking and in-kind awards for winners and runners-up, in addition to financial awards totaling $75,000.
 

Fast Track opportunities

Verb Competitions - for four finalist teams
Verb partners with multiple companies, foundations and governments from around the world to produce a variety of social entrepreneurship competitions year-round. The Four finalist teams for the Social Enterprise Track of the HBS New Venture Competition who apply and are eligible for the specific challenges will be automatically advance to the Semi-Final Round of judging.

Echoing Green - for winner and runner-up
The winner and runner-up of the Student Social Enterprise Track of the HBS New Venture Competition who apply and are eligible for the Echoing Green Fellowship will pass directly to the semifinal round of the application process.

MassChallenge - for four finalist teams
Four finalist teams from the Student Social Enterprise Track of the HBS New Venture Competition who apply and are eligible for the MassChallenge competition will be fast tracked to automatically advance to round 2, and will receive a refund on the application fee.

Long-term space in Harvard Innovation Lab
Awardees in the New Venture Competition are extended an offer to have one of the limited number of dedicated space allocations in the Harvard Innovation Lab. Awarded space will be to Harvard affiliated startup ventures for a 12 week period during the summer.