This competition has four rounds, each of which has its own judge panel and its own criteria listed below. Participants must complete each round to be eligible for participation in the next round. However winning a prize in a round does not guarantee a chance of getting a prize in the next round. By the same token, not winning a prize in a round does not preclude a chance of getting a prize in the next round. This reflects the true evolving process of new venture creation.

Beside the rich learning experience, students will get chances to win several prizes of CAD 75,500 in total.

PRIZES:

First round

• The top 10% teams will receive “IMPACTFUL SOCIAL BUSINESS IDEA AWARD”.

Second round

• The top 5 teams will receive “SOCIAL BUSINESS CONCEPT AWARD”. Each of these top 5 teams will receive CAD 2,000 after having completed Round 3’s requirements.

Final round

• Third prize: $13,500 + 1 tuition waiver (value of CAD8,500) to participate in MOSAIC-HEC Summer School on Management of Creativity in an Innovation Society (http://ecole-ete.hec.ca/en)
• Second prize: $23,500 + 1 tuition waiver (value of CAD8,500) to participate in MOSAIC-HEC Summer School on Management of Creativity in an Innovation Society (http://ecole-ete.hec.ca/en);
• First prize: $38,500 cash + 1 tuition waiver (value of CAD8,500) to participate in MOSAIC-HEC Summer School on Management of Creativity in an Innovation Society (http://ecole-ete.hec.ca/en);

TRAINING

All training activities (click here for the list of activities) will be provided to admitted participants:

• Follow HEC Montréal’s online course comprising 4 modules specifically designed for this competition at https://cours.edulib.org;
• Follow 1-week training at HEC Montréal;
• Showcase their projects on http://www.socialbusinesscreation.hec.ca;
• Use Social Business Creation competition’s online platform and templates for their activities within the framework of this competition;
• Receive HEC Montréal’s participation certificates if they complete at least the first 2 rounds of the competition.