News in Brief: Competition Awards Venture Capitalists

  • Printer Friendly Printer Friendly
  • Comments Comments (0)

The third annual National Social Venture Competition awarded $80,000 in prize money to business groups on Monday.

The Regale Corporation won the $25,000 grand prize as Best Blended Value Business for its proposal to replace foam and plastic consumer packaging with fibers made from paper and water.

Wilson TurboPower and the Bronx School of Arts each won $25,000 grand prizes in the high-growth and the medium-growth categories, respectively.

The National Social Venture Competition is a collaboration between UC Berkeley's Haas School of Business, Columbia Business School and Goldman Sachs. The competition awards up to $100,000 annually in seed capital to businesses that place emphasis on social responsibility and profitability.

Other finalists had plans for a public school based on the arts and a tissue-engineering approach for pediatric heart surgery.

This year 77 groups applied from 31 different business schools, but the program hopes for more next year.

"We're hoping to expand to more universities in the United States, as well as Canada and Europe," said Stephanie Tibbetts, program coordinator at Haas. "Bigger and better. That's the idea."

Mike Heath


Comments (0) »

Comment Policy
The Daily Cal encourages readers to voice their opinions respectfully in regards to both the readers and writers of The Daily Californian. Comments are not pre-moderated, but may be removed if deemed to be in violation of this policy. Comments should remain on topic, concerning the article or blog post to which they are connected. Brevity is encouraged. Posting under a pseudonym is discouraged, but permitted. Click here to read the full comment policy.
White space
Left Arrow
Image Student regent resigns after sex crime allegations
Jesse Cheng officially announced his resignation from his positio...Read More»
Image Pet shop may occupy planned Goodwill
After failed negotiations with the landlord and resistance from the busines...Read More»
Image Campus graduate takes new first steps
UC Berkeley's graduation day this year was symbolic for graduate Austin Whi...Read More»
Image Regents rescind part of approval
The ongoing legal battle surrounding revisions to the building plans for th...Read More»
Image UC spared additional cuts in budget revision
While the University of California escaped further funding reductions M...Read More»
Image UC Board of Regents wary of unreliable state funds
SAN FRANCISCO - Following the release of Gov. Jerry Brown's revis...Read More»
Right Arrow

Job Postings

White Space