30 Impact Challenge competition offers opportunities for young entrepreneurs (Worldwide)

Deadline: 6 September 2017

Applications are open for the Under 30 Impact Challenge, a $500,000 competition for entrepreneurs who are building successful for-profit enterprises that drive positive social and environmental impact.

The Rise Fund is partnering with Forbes and Echoing Green to host the first-ever Under 30 Impact Challenge.

Focus Sectors

• Education
• Energy
• Food and Agriculture
• Financial services
• Growth infrastructure
• Healthcare
• Technology, media, and telecommunications

Award Information

The competition winner award package will consist of the following:

• 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; and
• $250,000 USD in-kind media grant from Forbes.
• The winner announcement will be on Monday, October 2, 2017.
• The investment offer will be subject to mutual agreement on investment terms (including investment size and valuation) between the winner and The Rise Fund and its applicable affiliates.
• The in-kind grant will be credited to the winner outright, without any equity consideration.

Eligibility Criteria

• The competition is open to creative entrepreneurs around the world, under the age of 30, who are driving positive social and environmental impact through successful for-profit enterprises.
• To be eligible to participate in the competition, an applicant must be:
  • An active entrepreneur who is under the age of 30 at the time of the competition (i.e., born after October 2, 1987) who is a founder, co-founder or top executive of their business with the authority to enter this competition on their business’ behalf.
  • In the “growth phase” of its business, with either (a) at least 2 full 12-month periods of generating revenue above $100,000 in each period and/or (b) at least $1 million in cumulative revenue since inception.
  • In a business that
    • creates a positive social and/or environmental impact as an inherent and intentional part of its core strategy
    • operates in one or more of the above mentioned sectors

How to Apply

Interested applicants must apply online via given website.

For more information, please visit Under 30 Impact Challenge.