The ISB invited business plans from B School students and alumni from across the Asian region. In addition to mentoring the participants, the GSVC provides an opportunity for B School students to meet with venture capitalists, potential investors and academicians who support social ventures.
The GSVC focuses on three important aspects of a business plan:
- The business plan should have a financially sustainable model.
- It should have the potential to be scalable
- Possess a quantifiable social and/or environmental bottom line incorporated in to its mission and practices
The Global Social Venture Competition (GSVC) brings together the academic and financial worlds to support the creation of sustainable social ventures. The GSVC awards prizes to the business plans that show the highest and most integrated financial and social returns. Since its inception in 1999, GSVC has awarded more than US $ 300,000 to emerging social ventures and has introduced early-stage social entrepreneurs to the investment community
The ISB has been organizing GSVC in association with Helios & Matheson, a healthcare focused IT Services Company, since the last 2 years. The company is actively involved in promoting social entrepreneurship. This year the event has attracted participation from several social entrepreneurs, venture capitalists and industry leaders.
Speaking on the occasion, M Rammohan Rao, Dean, ISB said, “The ISB is committed to promoting entrepreneurship, especially in the emerging economies. The GSVC provides the right opportunity to support and groom entrepreneurs in this region to build global competitiveness.”
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