Chivas Venture Competition for Social Entrepreneurs 2020

Published: 11 Sep 2019 1,234 views

From 2014 up until now, Chivas has been funding and mentoring entrepreneurs who use business to tackle the world’s biggest social and environmental issues through its annual Chivas Venture Competition for Social Entrepreneurs.

The competition is fully funded by Chivas through a give away of $1 million no-strings funding to social entrepreneurs, who use their businesses as platforms to bring about change and make a positive impact on the world.

Applications for The Chivas Venture Competition 2020 are now open. And as always, they’re looking for  entrepreneurs on a mission to completely eradicate the world’s biggest social and environmental issues.

Using the competition as a means, Chivas will find and support the most promising social entrepreneurs. So, if your business is in line with their vision, then they would love to receive your application.

Brief About The Competition:
Finalists will participate in a programme comprising a series of lectures, workshops and/or coaching sessions to assist them in developing and further promoting their business, scheduled to take place during March or April 2020 in the United Kingdom (the exact dates and location to be confirmed and added to the CBL web site by 31st October 2019).

The Global Competition consists of the following three stages:
1. The Accelerator Programme;
2. The Voting Period, which involves the allocation of US$100,000 of the Fund based on consumer voting during a period of approximately three consecutive weeks between February and May 2020 (“the Voting Period”); and
3. The Chivas Venture Global Final, in March to June 2020, comprising of 3 rounds: Quarter Finals, Semi-Final and Grand Final.

During the competition, each finalist will be given the chance to tell committee how much funding they require and how they believe that amount will benefit their business.

If your business makes it to the finals, you will be getting share of the $1million fund.

Before you run off to apply for this award, make sure that you are the founder, co-founder or a key decision maker of the business as you are the one who will apply on behalf of the business and represent it throughout the phases of the competition. You must also be 21 years old or over (as of 31 October 2019) and speak fluent English.

Chivas Venture Entrepreneur

Application Deadline	October 31, 2019
Funding Type	Partially Funded
Country to study	United Kingdom
Type	Entrepreneurs
Sponsor	Chivas Venture
Gender	Men and Women

Benefits of Chivas Venture Entrepreneur

1. A share of the $1million fund
   1. If you are selected to take part in the global final, you will have the opportunity to win a share of $1 Million in funding. Each finalist will have the chance to tell them how much funding they seek and how they believe this will make a difference for their business.
   2. The first $100,000 of the fund will be allocated by the public, via a 3-week online vote. The Finalist with the most votes will receive $50,000. The 5 Finalists with the next 5 highest numbers of votes will receive $10,000 each.
   3. The remaining $900,000 of the fund will be allocated by the judges at the Global Final:
      1. $750,000 will be distributed amongst the top 5 finalists at the Grand Final
      2. $150,000 will be shared amongst the 5 Semi-Finalists
      3. 10 Quarter-Finalists who didn’t make it to the Grand Final – see Terms & Conditions for full details.

2. The Accelerator Programme

   They are excited to be partnering with The Conduit in London, UK, to deliver a mentorship programme for those who make it to the global final. This will take place in March 2019, and will feature opportunities for the finalists to sharpen their business and pitching skills, and learn from world-class experts.

3. Global exposure

   The global finalists will feature on the Chivas Venture website, and their international campaign will reach millions of people around the world via PR & social media, offering incredible exposure to your business.

4. Local Prizes

5. The Chivas Venture is an international competition and some of the participating countries may offer additional prizes. Check your local Terms & Conditions for further details.

Requirements for Chivas Venture Entrepreneur

1. The founder, co-founder or a key decision maker must apply on behalf of the business and represent it throughout the phases of the competition.
2. The business representative must be aged 21 years old or over (as over 31 October 2019) and speak fluent English to attend the Accelerator Programme and pitch in English.
3. Your start-up must be registered as a for-profit entity in the country you’re located. They accept entries from Seed stage (pre-revenue), Start-up stage and Growth stage, earning up to $1.5 million in annual revenue (measured from 1st September 2018 to 1st September 2019).

Selection Process

Every submission will be assessed across the following criteria:

1. Market opportunity & Need (Is there a big social or environmental problem to solve, and clear gap in the market?)
2. Business model & Team (Do you have the right solution & team in place to make money while doing good?)
3. Measurable Social impact (Do you drive transformational impact and do you measure it?)
4. Scalability potential (Can you scale, and could you ever transform a million lives, or end the problem you’re solving?)
5. Financials (Do you have sound financial projections and will Chivas Venture funding be catalytic of growth & impact?)
6. Quality of the pitch & passion of the representative (in final stages only)

In short – they are looking for businesses that not only have the potential to succeed and turn a profit, but also can demonstrate that having a positive impact is at the heart of their business venture.

Application Deadline

October 31, 2019

How to Apply

Interested and qualified? Go to Chivas Venture on www.chivas.com to apply