John Edwardson, ’72, Social New Venture Challenge (SNVC) Finals
Student-led social ventures will compete for over $150,000 in startup capital during the 13th annual Edwardson SNVC, which is the social impact track of the University of Chicago’s nationally ranked business launch program, the New Venture Challenge. Hosted by the Rustandy Center and the Polsky Center, the SNVC has jump-started more than 150 game-changing, mission-driven ventures who have raised more than $165 million.
The John Edwardson, ’72, Social New Venture Challenge (SNVC) is run by the Rustandy Center for Social Sector Innovation at Chicago Booth in partnership with the Polsky Center. It is the cornerstone of the Rustandy Center’s Edwardson Social Entrepreneurship Program at the University of Chicago, which has helped businesses and nonprofits like solar-powered light company LuminAID, African tractor-leasing company Hello Tractor, and online voter guide BallotReady. SNVC teams can be for-profit or nonprofit organizations, but must present a business model with a social mission at the core as well as a plausible plan for financial sustainability—either through earned income, philanthropy, government aid, or some combination thereof.