Knowledge Center

Tuesday, May 20, 2014

On May 20, 2014, Brian Axelrad served as a judge for the Social New Venture Challenge at the University of Chicago Booth School of Business. As a judge, Brian's role extended well beyond the events of May 20th since Brian offered feedback to participants throughout the competition process.

The SNVC spans several months, allowing students to conceptualize, develop, and launch new social ventures through classroom instruction, mentorship, and coaching. 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.

Started in 2011 due to growing student interest in social entrepreneurship, Chicago Booth and the Polsky Center for Entrepreneurship developed a new track of the last standing New Venture Challenge uniquely focused on new social ventures. The Social NVC, co-organized by the Polsky Center for Entrepreneurship and the Social Enterprise Initiative at Chicago Booth, helps students launch for-profit and nonprofit ventures that have a social impact mission and a model for financial sustainability.

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