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 tens of thousands of dollars in 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.

Applications are typically accepted starting at the beginning of November every year.

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.