Are you ready to take on the challenge of solving critical real-life problems? Would you like to develop your ideas with the assistance of top professional mentors and coaches to create the next generation of social enterprise business models? Would you like to engage in a crowd-funding challenge to obtain your initial investment for the project and make real change happen? If yes, we invite you to read the rules, learn about the stages and apply!
RULE 1:
Build a dream team with bright horizons for your idea. Minimum two students (university level, any major, any nationality), students can come from different schools.
RULE 2
Team members can only be students, but you can have an unlimited number of professionals helping you. Seek for professional advice and customer feedback as soon as possible. Coaching and mentoring sessions will happen through the internet
RULE 3
Exchanging information with other teams is highly recommended even if your team has not been selected to go through to the next round. You are not competing against each other, rather you are building solutions to critical world problems with each other. The more you give to others, the more you will get at any stage of the challenge.
RULE 4
Students can freely move to different teams at any stage. Teams can merge and create partnerships if desired (as long as you communicate it).
STAGE 1: IDEATION
Application Process and Market Test
(01 Oct. – 15 Dec. 2013)
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Seeds
- Answer all questions on f6s.com/gc2/
- Create an active social media account(s) with your idea mentioning #GC² and @senstation_org
- Collect as much feedback as possible to develop your idea further.
💦
Fruits
- Start your entrepreneurial journey that can change you forever
- Get visibility on social media accounts
- Create awareness for your idea
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Evaluation
20 projects will be selected that will go to the next round! We will look at:
- Team Spirit, Background, and Abilities
- Triple Bottom Line Potential
- Scalability and Replicability
- Wow-effect and Innovativeness
STAGE 2: CREATION
Business Plan Development
(08 Jan. – 31 Mar. 2014)
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Seeds
- Develop a business plan for your idea
- Develop a 2-3 minute video of your project with a focus on the impact it can have on society
- Collect as much feedback as you can from your future clients and partners
- Present your project in a unique online conference.
💦
Fruits
- Each team will be appointed a coach and mentors to help you with your project
- Make valuable connections, get insights and promotion for the implementation of your ideas
- Start creating a movement and buzz around your project
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Evaluation
Online voting from all over the world will determine the 8 projects entering the ACTION STAGE
STAGE 3: ACTION
Crowd-funding and Implementation
(1 Apr. – 30 June 2014)
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Seeds
- Develop an implementation plan and initial partnerships for your project
- Get ready for a pilot by designing and prototyping a minimum viable product if possible
- Connect with past projects to receive support
💦
Fruits
- Finalists will raise financing during a crowd-funding event to launch their projects
- The 8 finalists will be presented in front of experts and investors during the SENS ONLINE ROAD SHOW
- All finalists will join the SENStation Network
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Evaluation
The panel of judges will highlight 3 projects with the highest potential by June 30th, 2014
SENS FUND and teams will organize a unique 30 day individual team crowd-funding event to gather funds for the implementation of the projects. A 5%-10% (depending on transaction costs) fee will be collected for the organization of the whole challenge and reinvested back into SENStation.
Read also proposition for other stakeholders: students, professionals, organizations, universities, investors, media,
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