Global Social Venture Competition

Looking to start or scale your business with social or environmental impact?

 

For the 7th year in a row, Berytech is bringing you the Global Social Venture Competition, an international competition aiming to inspire and empower entrepreneurs to develop innovative solutions to pressing social and environmental challenges.

Every year, extremely innovative Lebanese startups compete in the local competition and the winner makes it to the international finals, representing Lebanon among hundreds of startups from more than 60 countries.

Last year, our local winner, FabricAid, competed internationally and won first place topping 550 startups from around the world. The team received local and international exposure and support, plus a $40,000 check!

This year, it’s your turn!

If you have an innovative idea or startup that addresses social or environmental challenges, apply before Dec. 3 and let us know about you! You may be the next GSVC winner with prizes up to $40,000.

 

How does it work and what will you win?

Part of your application, you’ll be requested to send an executive summary, a summary of interviews held with your stakeholders, and CVs of the key people on your team.

An internal jury from Berytech, USJ, and other partnering organizations will review all applications and shortlist the most promising startups to run for the local GSVC competition.

All shortlisted startups will be mentored, trained, and supported to fine-tune their applications and prepare for the local competition happening on February 2019.

The local winner will get:

  • A fully-funded trip to the United States to participate in the Global Social Venture Competition happening from April 3 to 5 in Berkeley, California.
  • International visibility and networking opportunities
  • A chance to win up to $40,000 in the finals in Berkeley
  • 6-month incubation at Berytech including free access to the Berytech co-working space, entrepreneurship master classes, workshops, events, and private work sessions with leading experts and coaches
  • One-on-one coaching and follow-up to prepare for the GSVC finals in USA
  • Access to local and international entrepreneurship networks, programs, grants, and funds

 

What are the conditions to apply?

  • Your startup should respond to a social or environmental need and make an impact in the related field
  • It should have the potential for economic viability, long-term growth, and replicability
  • It must not be more than two years old, as measured by first revenue or first patent, whichever occurred earliest
  • It should include a technology component or solution
  • It must not have received more than $250,000 in funding from venture capitals, private investors, grants (government or foundation), loans, or other funding sources as of December 31, 2018.
  • Its lifetime revenue should not exceed $500,000 as of December 31, 2018.
  • Your team must include at least one student or a recent graduate* from any level of higher education (undergraduate, masters-level/graduate, or Doctoral) in any area of study in the world.

* A more detailed list of eligibility guidelines is available here.

  • Start your application by filling the form below. We will send you by email all the details on how to complete your application and submit it before December 3, 2018.

If you have any questions or need any assistance contact us on gsvc@berytech.org. We’ll be happy to guide you through.

Get Inspired By Previous Winners!

Read the full story of how FabricAID won the global competition last year in Italy, topping 550 startups coming from 60 different countries! Also watch the founder Omar Itani talking about their exciting experience and startup journey in the video below.

And here’s what other winners said as well:

Berytech has helped us to move from a volatile team into a robust start-up by connecting us with mentors and experts. They helped us shape our business plan and form a strategy by helping us connect with international bodies and potential partners in Europe and the Middle East. GSVC gave us exposure to potential investors.”

– Antoine Skayem, Riego – Local Winner GSVC 2017