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Jun 10, 2011

GSVC business plan competition lands in Africa!

The University is proud to host the first Global Social Venture Competition (GSVC) in East African Region. The GSVC is a global business plan competition pioneered by the Haas School of Business at the University of California, Berkeley, USA in 1999.

 

GSVC’s mission is to promote entrepreneurial businesses that have clear and quantifiable social objectives and are financially sustainable, through revenue generation.

 

Since 1999, the competition has become the highest profile competition globally for business plans for social ventures. Current global partners include Columbia Business School, London Business School, and Indian School of Business. Thammasat University and Social Venture Competition Korea (SVCK) have recently joined as regional partners.

 

Strathmore University entered the competition for the first time in late 2009. The team from the University’s School of Management and Commerce was the first team in Africa to make it to the Asia finals which took place in March 2010.

 

See: http://www.strathmore.edu/News.php?NewsID=273.

 

In late 2010, the School of Management and Commerce again entered two business plans in the Asia finals that were held in March 2011.

 

See: http://www.strathmore.edu/News.php?NewsID=447 .

 

The Indian School of Business was impressed with the University’s commitment to the competition and approached it with a proposal to become the GSVC Africa Outreach Partner.

 

The University accepted this invitation and signed an MoU in March 2011. The competition will be run under the Strathmore Enterprise Development Centre (SEDC).

 

SEDC was set up to provide high quality capacity building, value added services and to be a resource centre for small and medium enterprises, to enhance business leadership and management.

 

The first Africa GSVC business plan competition round is scheduled to be held between 8th and 10th December 2011 at the University.

 

Call for Entries into the GSVC Africa Business plan competition now open.

 

The following dates are important to note

August 31st (Wednesday): Submission of executive summaries (optional)

 

October 13th (Thursday): Final date of full business plan submission

 

October 18th (Monday): Initial judgement of submitted plans at Strathmore University

 

November 7th (Monday): Announcement of top 10 finalists

 

December 8th to 10th: Final Round, Selection of top 3 Winners and Awards at Strathmore

University, Nairobi Kenya.

 

The top three teams will be awarded cash prizes as follows:

Winner: Ksh 200,000

1st Runner up: Ksh 100,000

2nd Runner up: Ksh 50,000

 

December 9th (Friday): Social conclave, open to the public. Theme: ‘Enhancing Food Security in Kenya’


Jan –March 2012: Top 3 African teams prepare to go to India to compete in the

Africa-Asia Finals

 

All entries and enquiries should be submitted via email to: gsvc@strathmore.edu

Contact Details

Madaraka Estate
Ole Sangale Road, PO Box 59857,
00200 City Square
Nairobi, Kenya
Tel: 0703-034000, 0703-034200


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