The Social Venture Competition celebrates and rewards students who have developed solutions and plans that may impact society’s biggest problems. Students concerned with poverty, education, healthcare, human rights, environmental and other societal problems are encouraged to submit their proposals and participate in this exciting new event. Turn your IDEAS INTO IMPACT by submitting your proposal to this new showcase event.

What kinds of ideas qualify as “social ventures”? Eligible venture proposals must:

  • Have a clear, measurable social or environmental “bottom line” included in the venture’s mission
  • Plan to be financially sustainable whether proposed as a for-profit, non-profit or hybrid business model
  • Be potentially scalable, thus increasing the likelihood of significant societal impact
  • Be less than two years old with less than $100,000 in prior funding
  • Include at least one UCF student on the founding team (only students may present during the event)

Applications for this event are due on Sunday, Nov. 6, 2016. Eight social venture proposals will be selected from these applicants and invited to present at the Social Ventures Competition Finals on Wednesday, Nov. 16, 2016. Cash awards sponsored by State Farm Insurance will be distributed based on evaluations from the competition’s judges as follows:

  • 1st place - $2,000
  • 2nd place - $1,200
  • 3rd place - $750
  • 4th place - $300
  • Honorable mention - $250

Additional information regarding the event is provided in the sections below.

  1. Presentation Format

    Presentations will be given up to 8 minutes to present the problem they intend to address, the solution they plan to offer and a financially sustainable and scalable business/organizing model capable of delivering the solution to those in need. They will then have up to 4 minutes to respond to questions from the judging panel.

  2. Event Format

    Eight teams will be selected for the event finals, and the order of presentations will be determined randomly prior to the beginning of the event. After the presentations are completed, participants and audience members will be invited to enjoy a networking and awards reception that honors our participants and our sponsor.

  3. Important Dates, Times & Locations
    • Information Session: Tuesday, Oct. 25, noon – 1 p.m. in the Starterspace (135 BA1)
    • Information Session: Wednesday Oct. 26, 4 – 5 p.m. in the Starterspace (135 BA1)
    • Application Deadline: Sunday, Nov. 6 by 11:59 p.m.
    • Notification of Participation: Thursday, Nov. 10 by 6 p.m.
    • Mandatory Information Session: Saturday, Nov. 12, noon – 1 p.m.
    • Competition: Wednesday, Nov. 16, 2 – 4 p.m. in the Starterspace (135BA1)
    • Awards Reception: Wednesday Nov. 16, 4 – 5 p.m. in the Starterspace (135BA1)
  4. Application
  5. Judging Criteria

    Judge’s assessments of social venture proposals will be based on the following criteria:

    Venture Potential (33%)

    • Venture addresses a clearly defined social problem
    • Venture targets a market in which there is potential economic opportunity
    • Venture offers a clear value proposition(s) to its customers, beneficiaries, and other key stakeholders
    • Venture has a viable revenue model that shows clear understanding of key cost drivers, revenue streams

    Social Impact Potential (33%)

    • Social impact scales as company grows
    • Social impact projections are based on reasonable assumptions and credible data
    • Team has designed a clear plan for measuring social impact

    Likelihood of Success (33%)

    • Team has a clear execution plan and is prepared to address potential risks
    • Venture’s legal form (e.g. for profit, non-profit, etc.) supports its vision and desired outcomes
    • Members are passionate, committed, and resourceful

    Presentation is professional, persuasive, and organized