MBC – Seigle Impact Track
Business+Impact co-hosts the Seigle Impact Track as part of the campus-wide Michigan Business Challenge, in partnership with the Zell Lurie and Erb Institutes. The competition awards a $26,000 prize pool to the most compelling business plans that deliver social and/or environmental impact.
Seigle Impact Track Requirements
The winning team’s business plan must meet all MBC criteria as well as these requirements:
- Clearly identify a social/environmental issue.
- Articulate target population served; priority given to businesses targeting underserved populations.
- Identify social impact outcomes and key metrics with validation from community resources.
- Build a financially sustainable, scalable business model; priority given to businesses whose social mission is embedded into a scalable business model.
- Competitive teams will be able to demonstrate market or beta testing of their product/service viability, as well as steps taken towards prototyping and customer acquisition.
Seigle Impact Track
The Michigan Business Challenge Seigle Impact Track is sponsored by the Mark and Robin Seigle Entrepreneurial Innovation Fund and co-managed by Business+Impact, the Erb Institute for Global Sustainable Enterprise, and the Zell Lurie Institute for Entrepreneurial Studies.
AIM Tech, 2017 Seigle Impact Track winners,
Aaron Steiner and Stephen John
Key Dates for 2018-19 Challenge
Monday, November 5 by 8:00 am
All teams will give a three-minute pitch
Round 1 competition
Selected teams will give a three-minute pitch
Round 2 competition and Seigle Track Semifinals
Market, financial, and impact assessment deliverable with ecosystem map due
Regular Track Semi-Finals
Business plan, ecosystem map, and impact track addendum due
Regular and Seigle Track Finals
Finalists will discuss their businesses with the judges during an interactive session
All Semi-finalist teams will display information about their ventures and talk with guests from the region