John Edwardson '72 Social New Venture Challenge

In 2011, given growing student interest in social entrepreneurship, Chicago Booth developed a new track of the Edward L. Kaplan, '71, New Venture Challenge (NVC) uniquely focused on launching social enterprises. The John Edwardson, '72, Social New Venture Challenge (SNVC), is organized by the Social Enterprise Initiative, in concert with the Polsky Center for Entrepreneurship and Innovation. Qualifying companies and organizations can be structured either as for-profits or nonprofits but must show a focus on social impact, as well as a model for financial sustainability—either through profits, earned income, philanthropy, government aid, or some combination thereof.