Evaluating Social Entrepreneurship
Social entrepreneurship plans submitted to the Idea Competition and Business Plan Competition will be rated on the following 10 criteria:
- Feasibility of Business Model: Feasibility given the market
opportunity and the venture.
- Social Return on the Investment: The venture's potential to meet
social goals, and the venture's potential social impact. - Financial Return on the Investment: The rigor and feasibility of the
venture's financial models and goals.
- Fundability: The potential for the venture to receive financial
support from additional investors/donors.
- Integration of Social and Financial Missions: The alignment of the
venture's financial and social goals.
- Management Team: The strength, readiness, and capacity of the
venture's management team, including its management's experience and expertise in
relevant markets and industries.
- Scalability: The potential for growth or replication of the venture.
- Marketability: Evidence of demand for the venture in the marketplace.
- Performance Benchmarks: The development of systems to track, monitor,
and access the performance milestones articulated in the business plan.
- Risk Assessment and Contingency Plans: The risk factors associated with the organization, enterprise, and external environment and a plan for mitigating them.
