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.