Chivas Regal unveils finalists of $1m global social enterprise competition
Each finalist, including RecylePoints from Nigeria, will travel to Los Angeles in July to compete for a share of $1 million to make their dream of creating a better future for the world a reality.
Now in its third year, the competition has to date received almost 6,000 applications across six continents from startups that are striving to use innovation and enterprise to make the world a better place.
The vision of the future as imagined by this year’s finalists is a place where protein bars are made from crickets and shoes made from garbage; where walls of moss clean city air and consumers create value from everyday waste.
One finalist will represent each of the 30 participating countries at the hotly-anticipated final in Los Angeles, in July. There they will brush shoulders with some of the biggest names in business and entertainment, and have just five minutes to impress the expert judging panel with their world-changing ideas and deliver the pitch of their lives.
In preparation for the final, the finalists travelled to Oxford to take part in a transformational Accelerator Week programme created by the Skoll Centre for Social Entrepreneurship embedded within the Saïd Business School at the University of Oxford.
During an intensive five days of learning, the finalists have the opportunity to develop leadership skills, take part in practical workshops and be inspired by global experts on critical topics that affect social startups.
Andrea Warriner, Deputy Director of the Skoll Centre, commented: “In today’s uncertain political and economic climate, social enterprise has never played a more important role in securing a better future for our society. There’s an incredible pool of entrepreneurs in the final of this year’s competition, who we believe really have what it takes to make a difference. We’ve got a great programme lined up for this week, and we look forward to being inspired by our finalists, while giving them an unforgettable experience.”
Richard Black, Chivas Regal Global Brand Director, added: “We were blown away by the calibre of entries for this year’s competition. The businesses are a great example of the ingenuity and passion of entrepreneurs across the world committed to creating a better world for generations to come.
The founders of Chivas Regal were entrepreneurs who gave back to their community, and by discovering and supporting startups who too give back to the wider global community; the Chivas Venture is continuing their legacy. We firmly believe that generosity and success go hand-in-hand – and when you share your success with others, business becomes truly rewarding.”
From Monday May 1 to Sunday June 4, the public will be able to show their support for their favourite finalist through a live vote. Over the course of five weeks, the public’s vote will determine how the first $250,000 in funding is split among the finalists. The winner(s) of the remaining $750,000 in funding will be decided on Thursday July 13 at the Chivas Venture Final in Los Angeles, after a high-stakes pitch in front of the judges and a live audience.
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