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.
The SNVC is the cornerstone of the Rustandy Center’s Edwardson Social Entrepreneurship Program at the University of Chicago, which helps jump-start businesses and nonprofits, including 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.
Join the conversation on social media using the hashtag: #ChicagoNVC.