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Santa Clara University's Ninth Annual Global Social Benefit Incubator Competition Available on Social Edge
Tuesday, Dec. 7, 2010
Up to 20 candidates to be selected to attend Summer 2011 session on a full scholarship.
SANTA CLARA, Calif. Dec. 7, 2010 — Social entrepreneurs from around the world are invited to apply for the 9th annual Global Social Benefit Incubator (GSBI™), a capacity-building program for up to 20 social ventures ready to scale their enterprises with the help of seasoned Silicon Valley start-up veterans and Santa Clara University faculty.
The GSBI, the signature program of Santa Clara University’s Center for Science, Technology and Society, is designed to help leaders of social-benefit enterprises create sustainable and scalable business plans that maximize social impact. The 20 selected entrepreneurs receive four months of on-line mentoring and assignments, culminating in their attendance at a motivating two-week in-residence program Aug. 7 – 19, 2011, at Santa Clara University.
It’s not just the 20 chosen social entrepreneurs who benefit: Applicants who fulfill all of the Social Edge application process requirements receive constructive feedback from Silicon Valley mentors and other experts on their application and business plans.
The Global Social Benefit Incubator application process starts December 7th on Social Edge, the online community for social entrepreneurs and a program of the Skoll Foundation. Information on the online process is available now at www.socialedge.org. Social benefit entrepreneurs from around the world can download the application on December 7th and will be able to submit beginning January 4th, 2011. Up to 20 candidates, who best demonstrate a sustainable and scalable approach to addressing urgent human needs throughout the world, will be chosen to receive a full GSBI scholarship valued at US$25,000.
"Through the access to world-class resources, participating social benefit entrepreneurs will be able to accelerate the impact of their innovations. This is a transformational program for people with the power and vision to change the world,” says Jim Koch, Professor of Management at Santa Clara University, Co-Founder and Director of the Global Social Benefit Incubator (GSBI). “The GSBI brings together grass roots innovators and Silicon Valley executive mentors with university faculty to support the scaling of innovative solutions that serve the common good all over the world.”
The GSBI will continue last year’s emphasis on social entrepreneurs who are using technology and sustainable, scalable business models to provide electricity to the under-served in developing countries. Up to one-third of the GSBI scholarships are being targeted to social entrepreneurs with innovative solutions that address the unmet needs of peoples and communities who are off-the-grid or suffer frequent disruptions in their energy supplies.
"The lack of access to affordable energy limits prospects for livelihoods and stunts the aspirations of future generations by precluding the opportunity to learn and engage in productive pursuits,” says Koch. “Access to reliable energy is the pivotal enabling factor for economic growth in ‘off the grid’ communities worldwide.”
All GSBI applicants participate in three business planning exercises. These exercises are designed to help social entrepreneurs write and revise key sections of their business plans based on feedback from mentors at Santa Clara University and others in the Social Edge community.
Many social entrepreneurs have commented that they learned a tremendous amount through the application process. “Applicants receive advice on their business proposition, their strategy and their application. This interaction helps them convey their story in a more compelling way and helps them clarify their impact and strategy for scaling their ventures,” says Victor d'Allant, Executive Director of Social Edge.
In the past, GSBI scholars have come from all over the world: Costa Rica, India, Namibia, Mexico, Philippines, Rwanda, Argentina, Cambodia, Paraguay, Ecuador, Bangladesh, Jordan, Guatemala, Laos, Nepal, Bolivia, Nigeria, Kenya, South Africa, Laos, Canada, Haiti, Indonesia, Vanuatu, and the United States. The cross-cultural community of support and personalized mentorship helps social entrepreneurs accelerate progress. The benefits of the program endure well beyond the xx months of official mentoring, thanks to the network formed from their experiences with fellow attendees and the ongoing support of veteran Silicon Valley start-up mentors.
Starting immediately, social entrepreneurs around the world may visit http://www.socialedge.org/features/gsbi to download their application. There is no application fee. Applicants can prepare their applications now and post them online during January and February 2011.
GSBI scholarships cover tuition, room, and board for the two-week intensive immersion program focused on venture planning, beneficiary analysis, business models, metrics and successful scaling strategies. Selected candidates are responsible for their own travel expenses. The winners will be announced no later than April 1, 2011.
More information can be found at:
About Santa Clara University
About the Global Social Benefit Incubator
About Social Edge