e@UBC's 'Social Venture' stream invites applications for entrepreneurial solutions that improve societies

Posted 2018-10-31

Entrepreneurial solutions that are designed to eradicate pressing societal challenges can now turn into real ventures, thanks to entrepreneurship@ubc's (e@ubc) 'Social Venture' stream.

The platform's vertical focused on ventures tackling the most pressing social and environmental problems, is seeking applicants for the 2019 cohort, focussing on bold ideas that could solve major social, environmental or economic problems.

Entrepreneurship@ubc delivers a combination of education, venture creation and funding to facilitate the launch of successful and sustainable ventures emerging out of the University of British Columbia. The program's ventures span a range of industries; its Social Venture stream is conceptualized to nurture enterprises that put social causes and challenges at the heart of a product or service.

The Social Venture stream is the continuation of the Coast Capital Savings Innovation Hub which ran at UBC Sauder’s Centre for Social Innovation and Impact Investing.

Lasting impact
To date the program has supported 29 social ventures over five cohorts. The majority of these ventures have continued to grow their business and impact, proving that social impact and economic sustainability are compatible.

Last year, the stream supported six ventures; such as Meatme -- an ethical meat sourcing enterprise, and ChopValue -- an enterprise building furniture from recycled chopsticks.

Successful applicants with a promising solution that addresses key environmental or social issues enjoy a suite of benefits. Teams receive one-on-one mentorship, training in a series of workshops, access to a co-working space at UBC's Point Grey and Robson Square campuses, opportunities to tap into UBC's thriving entrepreneurial community and funding opportunities.

Apply to 2019 cohort
At least one of the core team members applying for the Social Venture stream has to be affiliated with UBC as either a student, faculty, researcher, alumni or staff. The teams should also demonstrate a commitment to working with resident entrepreneurs and mentors.

Importantly, concepts pitched to the Social Venture stream must target a social, environmental or economic problem.

The deadline for applying to Social Venture e@UBC is November 30, 2018. Successful applicants will go through an interview phase between November and December.

Selected teams and their business ideas will start working on taking their ideas to the next level in January 2019.

Interested teams can apply here.