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.

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.

Seigle Impact Track

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 2019-20 Challenge

Information session

Tuesday, October 29, 5:00-6:00 pm
Michigan Ross – Blau Hall – B05600

2019 application coming soon

Applications due
Monday, November 4 by 8:00 am
Email: applymbc2020@umich.edu

 

Qualifying round
Wednesday, November 13
All teams will give a three-minute pitch 

Round 1 competition
Friday, November 22
Selected teams will give a three-minute pitch

Round 2 competition
Friday, January 24
Market, financial, and impact assessment deliverable with ecosystem map due

Business Plan Draft Due
Monday, February 10

Business Plan Draft Due
Friday, February 14

Michigan Business Challenge Finals & Team Showcase
Friday, February 21
Teams present before judges and publicly in a showcase forum.