Seattle Pacific University’s 15th Annual Social Venture Plan Competition; Winter and Spring Quarters, 2021
1. The Social Venture Plan Competition (SVPC) is a team event. Each team shall consist of not more than six members. One-person entries are permissible but discouraged. Team members either must be current SPU students or enrolled at a recognized partner school, student program, college or university (e.g. Ashoka Youth Venture, the University of Washington, Seattle University, etc.) Faculty or staff members of SPU or partner organizations are not eligible to compete.
2. Projects entering the competition should be early stage social venture plans. Business plans for existing and operating ventures, projects that have had extensive development or projects that have raised substantial venture capital may be disqualified at the discretion of the Center for Applied Learning (CAL).
3. Teams are encouraged but not required to attend a series of resource nights beginning January 13, 2021 and running through March 3, 2021. SPU students wishing to receive credit for their work may do so by registering for the winter quarter class BUS 3682: Social Venture Planning. However, intended SVPC competitors may attend these sessions even if not registered for the course.
4. Teams intending to compete in the SVPC should submit an Intent to Participate form electronically to CAL (firstname.lastname@example.org) by February 9, 2021.
5. Each team will submit a digital version of the written plan for their social venture (including financial statements) to email@example.com as Word documents or PDF files. Other file formats may be allowed by exception. Each team will also submit an official signed Submission Form to CAL. The venture plan should follow the template laid out on the SVPC website or cover the same essential items. The written plan must be submitted no later than 5 p.m. on March 12, 2021, the official entry deadline for the SVPC. Late submissions may be penalized or excluded from the competition, at the discretion of CAL.
- Each venture plan must include a description of the social need to be addressed as well as the means by which the project will address it.
- Each venture plan must include a revenue-generation mechanism. Venture plans that are purely donation-funded will not be considered.
6. Teams will participate in a virtual coaching event on April 7, 2021 from 6:00 to 7:30 p.m. Teams will be paired with community partners (social entrepreneurs, business people, not-for-profit experts, etc.) for feedback specific to their plan and for assistance with making their pitch.
7. Each team will produce a one to two-minute pitch video, for public posting on the virtual Showcase page. Video clips may be MP4 files, MOV files, or can be sent via You Tube or Vimeo links. In addition, each team will write a one-page executive summary about their plan. Executive summaries should be submitted as either Word documents or PDF files. Other file formats may be permitted by exception. Videos and executive summaries will be submitted to firstname.lastname@example.org no later than 5:00 p.m. on Friday, April 9, 2021.
8. All teams will compete in a virtual Showcase Round on Wednesday, April 14, 2021 from 2:00 to 6:00 p.m. Each team will host an independent Zoom session. Judge’s will access these Zoom rooms from a centralized Judge’s site. Team Zoom rooms should be staffed for the entire four hours of the Showcase, although not all members need to be present at all times.
9. Scores from the evaluation of the written plans will be added to the scores from the Showcase Round. The team with the highest combined score will be named the Herbert B. Jones Grand Prize Winner ($5,000). A runner-up prize ($3,000) and three honorable mention prizes ($2,000) will be awarded to the teams with the next highest cumulative point totals. The Donald B. Summers People’s Choice Award ($1,000) will be given to the team that receives the most votes from students, faculty, and staff who attend the Showcase event. Projects winning the People’s Choice Award may also be considered for the top prizes. The prize-winning teams will be announced shortly after the conclusion of the Showcase on April 14, 2021.
2021 UPDATE: $1,000 will also be awarded to the project that best addresses a need related to the COVID-19 pandemic. Eligible venture plans might address medical and health issues caused by the coronavirus, social difficulties inherent in stay-at-home orders, the economic impact of lockdowns, or related topics. The team that wins this prize remains eligible for other awards such as the Grand Prize or People’s Choice.
Here are the Intent to Participate form, the official Submission Form, and the Social Venture Planning Template.
Questions? Contact the Center for Applied Learning: email@example.com.