John Edwardson '72 Social New Venture Challenge
In 2011, as student demand grew for social entrepreneurship support, 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 Rustandy Center for Social Sector Innovation, in partnership with the Polsky Center for Entrepreneurship and Innovation.
At the point of application, teams may intend to form either as for-profit or nonprofit organizations, but must present a business model with a social mission at the core. Successful applicants will also have a plausible plan for financial sustainability—either through earned income, philanthropy, government aid, or some combination thereof.
New to Social Impact
For students interested in exploring emerging challenges in the social sector and building new skills for engaging them, the Rustandy Center for Social Sector Innovation offers OpenImpact. A part of the Edwardson Social Entrepreneurship Program, OpenImpact, is a monthly “studio-workshop” series that connects research to practice. Students and faculty from across the university can expect training in design thinking, mixed-methods research, and organizational leadership. Studio-workshop sessions will feature experts presenting high-potential research findings or urgent implementation challenges from across the social sector.