All University of Michigan undergraduate and graduate students are invited to apply. The multi-round Michigan Business Challenge – Seigle Impact Track takes participants through the entire cycle of social entrepreneurship venture creation, starting with a strong pitch to conducting a marketing and financial assessment and writing a comprehensive business plan.
Design for Social Impact Workshop
MBC Information Session
Oct 30, 2017, 5:30 pm @R1240, Ross School of Business
Nov 16-17, 2017 @Various locations, Ross School of Business
Any student that submits a complete application will be invited to compete in the Qualifying Round. Teams will give a three-minute pitch to a panel of judges followed by three minutes to answer questions. Approximately 60 teams will be chosen to advance to Round 1.
Round 1 Competition & Format
Dec 1, 2017 @Various locations, Ross School of Business
Teams will give a pitch to a panel of judges followed by four minutes to answer questions. Several teams will be chosen to advance to Round 2.
Round 2 Seigle Impact Track Teams Announced
Dec 4, 2017, via email
Market, Financial, and Impact Assessment Deliverable and Ecosystem Map Deliverable Due
Jan 8, 2018
Round 2 competing teams submit a market and financial assessment that describes the market need or pain, market size, and preliminary financial assessment.
Round 2 Competition & Format
Jan 19, 2018 @Various locations, Ross School of Business
Competing teams give presentations that describe their company’s solution to a pressing market need or pain, an estimation of the market size, and their financial assumptions. This is followed by questions from the judges. Four teams are to advance to the Social Impact Track finals.
Business plans, Ecosystem Maps, Impact Track Addendum Due
Feb 5, 2018
Impact Track finalists submit their business plan as a single PDF
January into February
Semi-finals and Finals
Feb 16, 2018 @Various locations, Ross School of Business
Impact Track finalists share their businesses with judges during a 25 minute interactive session.
PedalCell received $15,000 for first place, Canopy received $7,500 for second place, FoodFinder received $2,500 for third place, and Adelie received $1,000 for fourth place.
In addition, PedalCell won first prize and Canopy won second prize in the Elevator Pitch competition, while Adelie was the winner of both the Showcase competition and the Center for Positive Organization’s Small Giants award.
Michigan Business Challenge & Dare to Dream Awards Reception
Feb 16, 2018 –Open to the public!
Winning teams for all the competition award categories and the Fall and Winter recipients of Dare to Dream grants will be announced during an evening reception at the Ross School of Business. All teams, applicants, and guests are welcome to attend.