Social Enterprise Award
Do you want to set up a social enterprise?
Entries for phase one of Converge Challenge 2016 are now CLOSED.
If so you could be in with a chance of winning thousands of pounds to help you make a difference. First prize is £5,000 cash and one runner up wins £3,000 (with Firstport) cash. You can apply with your idea, big or small. For a full list of prizes please click HERE.
Firstport are offering the runner up prize for of 2016 Converge Challenge Social Enterprise Competition. This involves a cash prize of £3k and access to the Firstport adviser network, as well as access to the broader Social Enterprise network. Firstport are members of the judging panel for the Social Enterprise Competition, bringing their expertise on the sector to bear on the quality of the applications.
What is Social Enterprise?
A Social Enterprise is a business which focuses on tackling social problems, strengthening communities, improving people’s life chances or protecting the environment, as opposed to generating income for private individuals or bodies. Whilst social enterprises still aim to generate profits like any other business, those profits are principally reinvested in the business, or in the community, to help further the enterprise’s social aims.
Previous project winners ideas include: Bringing Art to Unexpected places in Scotland; mental well being app; specialist alternative treatment for c.diff etc Click on our ALUMNI to read more on this.
Who can apply?
A full list of terms and conditions for the Converge Challenge KickStart can be found HERE
- Any individual Staff member or Student at any Scottish University or Scottish Research institution. Students and Staff members should gain permission from their Supervisors, Principal Investigators or Technology Transfer Officer, as appropriate, to enter the Competition.
- Recent graduates from any Scottish University or Scottish Research Institution (up to 12 months after graduation, if supported by a University).
- An individual who meets the criteria identified in 1 and 2 may apply on behalf of a company that has been either dormant, non-trading or trading for no longer than 6 months with an income (incl. but not limited to grants, investment, loans, revenue, prizes) not higher than £50,000, are eligible to apply
- Applicants must be permanently resident in the UK, and most people who benefit from the idea must live in Scotland.
The enterprising idea as per the project proposal should not already be in progression.
To download information about the Social Enterprise Award click HERE.
The Entry process
PHASE 1: Submit the idea using provided the brief application form – by Monday 18th April at 5pm
PHASE 2: 2 day residential training for top 30 projects (May 31 – June 1) All those short listed will be notified by Friday 13th May
PHASE 3: 5 page business case and 1 minute video pitch – Thursday 4th August (noon)
PHASE 4: Finalists will be invited to attend the Awards ceremony and dinner where the winners will be announced – Thursday 22nd September
- £8,000 prize package – cash
- 2 day residential business skills & pitching training for the top 30
- Better developed ‘investor ready’ proposition
- Obtain critical independent business plan analysis
- Access to key markets and networking opportunities
- Share and learn from other entrepreneur experiences
- PR and networking opportunities