MBC – Seigle Impact Track

MBC – Seigle Impact Track

Business+Impact co-hosts the Seigle Impact Track as part of the campus-wide Michigan Business Challenge, in partnership with the Zell Lurie and Erb Institutes. The competition awards a $26,000 prize pool to the most compelling business plans that deliver social and/or environmental impact. The competition is open to any team that has a U-M graduate or undergraduate student as part of it.

Seigle Impact Track Requirements

The winning team’s business plan must meet all MBC criteria as well as these requirements:

  • Clearly identify a social/environmental issue.
  • Articulate target population served; priority given to businesses targeting underserved populations.
  • Identify social impact outcomes and key metrics with validation from community resources.
  • Build a financially sustainable, scalable business model; priority given to businesses whose social mission is embedded into a scalable business model.
  • Competitive teams will be able to demonstrate market or beta testing of their product/service viability, as well as steps taken towards prototyping and customer acquisition.

2020 Seigle Impact Track Media

The Michigan Business Challenge Seigle Impact Track is sponsored by the Mark and Robin Seigle Entrepreneurial Innovation Fund and co-managed by Business+Impact, the Erb Institute for Global Sustainable Enterprise, and the Zell Lurie Institute for Entrepreneurial Studies.

 

Key Dates for 2020-21 Challenge

Information session

Monday, October 19, 4:00-5:00 pm
Online
Download recording here

MBC Office Hours

Friday, October 23, 2020, 1p-3:30p
Tuesday, October 27, 2020, 4p-5p
Wednesday, October 28, 2020, 4p-5p

Application form due 8 am Monday, November 2

Applications due by 8 am Monday, November 2, 2020
Email: applymbc2021@umich.edu
Info: MBC2020-21@umich.edu

 

Round 1 Video pitch
November 5-14, 2020
All teams will give a three-minute pitch 

Round 2 Video pitch
December 4, 2020
All teams will give a three-minute pitch with live Q&A

Market and Financial Overview and Impact Assessment Due
January 20, 2021

Semi-Finalists Video Pitch with Live Q&A
January 24, 2021

Business Plan/ES Due
February 17, 2021

Michigan Business Challenge Finals and Awards
Friday, February 26, 2021
Teams present before judges and publicly in a showcase forum