This year, the John Edwardson, ’72, Social New Venture Challenge (SNVC) is celebrating 10 years of social impact, having helped jump-start more than 100 startups that have gone on to raise more than $21.3 million. The SNVC is the social impact track of the Edward L. Kaplan, ’71, New Venture Challenge (NVC), the University of Chicago’s nationally ranked accelerator program.
The 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.
Join the conversation on social media using the hashtag: #ChicagoNVC.