Social Enterprise: Sustainable Business Plan Competition Offers Mentor Capital to Social Entrepreneurs

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Sustainable-economyIf your for-profit social enterprise is at the stage where it could benefit from the experience of others, in the form of mentor feedback and coaching, in order to grow the business and expand its reach, plus the chance to win cash and in-kind prizes and connect with potential investors, the 12th annual Sustainable Business Plan Competition might be for you.

The Mentor Capital Network (MCN), formerly known as the The William James Foundation, is currently accepting applications for their Sustainable Business Plan competition (through Jan. 15th, 2015), which offers a unique opportunity for those launching or managing a social enterprise, because it promises to give the winners something that can’t be bought – the value and expertise that seasoned social entrepreneurs bring to the table as mentors.

“Your company will receive comprehensive mentor feedback from a diverse team of 8 to 12 different mentors. You receive professional-level peer review of your business idea and model from experts who have been down your path. Many of the mentors that read your business plan will opt-in to stay connected with you. The business plan review is our version of “Mentor Speed Dating”. We customize a team of mentors to read your business plan and provide you their expertise and perspectives. As a Mentor reads your plan, and provides you feedback, they can opt-in and provide you their contact information. Once you have their contact information, and their mentor feedback, you have the opportunity to reach out and continue to get advice, coaching or mentoring from these industry leaders.” – MCN

In choosing the winners for the Sustainable Business Competition, MCN looks at a number of factors, which include determining if the idea is a ‘multiple bottom line’ for-profit business that has built (or is building) social impacts, environmental impacts, or cultural impacts into its business model, if the business has “fully integrated their social/environmental goals” into the company, and if the company is “changing the way business is done.”

In addition to receiving valuable mentor capital and a chance to pick up some of the $60,000 in cash or services for their social enterprise, winners of the Sustainable Business Plan Competition will have opportunities to be a part of MCN’s investor events (Investor Fishbowl and Green Grab) in order to pitch their idea to accredited investors for possible debt or equity investments.

Find out more about the Mentor Capital Network here, or the Sustainable Business Plan competition here.

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