Berytech in partnership with GCNL is the regional partner of the Global Social Venture Competition (GSVC) in Beirut – a global competition founded by UC Berkeley’s Haas School of Business that empowers the next generation of social entrepreneurs to transform their ideas into fundable, scalable ventures that address the world’s most pressing challenges.
The competition occurred over three rounds, where competing teams presented the social, financial, and environmental values of their business, gaining valuable feedback from some of the greatest minds in social innovation.
The winning team, Fabric Aid, was selected during pitching day on February 13, 2018 to represent Lebanon in the Global Finals in April in Milan and Italy, and got the chance to win up to $80,000.
Finalists were chosen based on financial sustainability or profitability, scalability, and had have a quantifiable social and/or environmental bottom line incorporated into their mission and practices. The seven finalists who pitched in the regional finals were judged on: Business potential, market assessment, feasibility of the project, social/environmental impact, business strategy and presentation.
Article Source: http://berytech.org/fabricaid-wins-global-social-venture-competition-lebanon/