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Social Ventures Zone
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Social Venture Prize

Applications Due November 7th, 2016
Prizes awarded November 21st, 2016
Application can be found here.

The Faculty of Arts has created a new fund, the Social Venture Prize, to support students who are incubating social innovation projects in the SVZ or within the zone network. The purpose of the funding is to advance an initiative and support the start-up costs and to incent Faculty of Arts students to engage in social initiatives within the SVZ. Itis not intended to be used as salary. The campaign is funded by faculty from the Faculty of Arts, the Brookfield Institute forInnovation and Entrepreneurship and Ryerson University.


Prize
Startup Funds: 2 prizes of $1500 to be given in fall and winter starting in 2016 for emerging projects in the initial ideation phase, including market validation, 1 of which must be granted to Faculty of Arts students
Development Funds: 1 prizes of $3000 to be given in fall and winter starting in 2016 for initiatives that are in the ‘development’ stage, to advance their business plan to advance the enterprise to market.

Eligibility

  • Applicants must have a clear academic standing and be a Ryerson undergraduate, graduate or continuing education student in a humanities or social sciences program for the Arts prize
  • Applicants must be enrolled in the SocialVentures Zone or the Zone Learning Network
  • Applicant students must be registered for their program in the semester in which the prize will be received
  • If it is a team application, at least one member of the team must be a Ryerson student and meet the eligibility conditions
  • Applicants who have received the prize previously are not eligible to apply in the same calendar year
  • Applicants for the development phase must be either registered as a business or nonprofit or demonstrate that they are in the process of registering
  • Nonprofit/charitable organizations that do not yet have a charitable designation can partner with a charitable organization to receive funds

Weighted Criteria
Application (Personal capacity, Team profile) – 50%
Business Plan and budget (Degree of innovation, potential impact, financial sustainability and timeline with deliverables for 4months after receipt of funds) – 50%

Applications to include:
Application
Cover letter

Application Deadline
Applications are due November 7th, 2016
Prizes will be awarded November 21st, 2016

Reporting
Prize winners will be required to submit receipts and a report 6 months after receiving the prize money.
Please submit applications to Anne Pringle, coordinator SocialVentures Zone apringle@ryerson.ca

Application can be found here.

Open Call for Application

The SocialVentures Zone gives you the edge that you want and need. We are looking for creative ideas and transformative projects.

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