The winner of the challenge will qualify for an investment offer by The Rise Fund of up to $250,000 in value, comprised of a combination of cash investment and business-building support, and an in-kind media grant by Forbes of $250,000, Entrepreneurship+ has gathered.
The competition submission consists of an online questionnaire and additional requested information, as set forth on the submissions page located at: www.therisefund.com/under30impactchallenge.
“We encourage you to register for the competition as soon as possible and to make note of all submission requirements. We also suggest that you compile all components of the submission offline and then upload and copy/paste your responses,” the organizers said in a written statement.
To qualify, applicants are expected to be “creative entrepreneurs under the age of 30 who are building successful for-profit enterprises that drive positive social and environmental impact.”
According to the organizers, “the determination of finalists shall be at the sole discretion of The Rise Fund and Echoing Green, taking into consideration their determinations regarding the amount and type of social and/or environmental impact inherent and intentional in the enterprise’s core strategy and the potential for competitive financial returns. Winner determination shall be at the sole discretion of the judging panel, based on the same judging criteria. In the case of a tie at any stage of the competition, the determination of The Rise Fund (based on the approach described herein) will control.”
The winner of the competition will, according to the organizers, receive an investment offer of up to $250,000 USD, comprised of a combination of cash investment and business-building support, from The Rise Fund and its affiliates; as well as $250,000 USD in-kind media grant from Forbes.
The winner announcement will be on Monday, October 2, 2017.
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