The Challenge
Net Impact is proud to be working with the Center for Entrepreneurship to put on the Net Impact Social Enterprise Challenge.
The Net Impact Social Enterprise Challenge is designed to encourage entrepreneurial thinking and the application of business skills to solving some of the world's toughest problems. This year Net Impact is partnering with M-Heal, a graduate cross disciplinary group of Engineers and Medical Students from the University of Michigan. M-Heal's mission is "to repair, design and build medical technology with the goal of improving access to healthcare in developing communities".
Currently they are working on prototypes of indigenous low cost medical devices that will be distributed in countries like Kenya and India. The business opportunity lies with helping M-Heal understand how to not be totally reliant on grant money and other types of funding. Students will assess the market landscape, identify industry benchmarks and ultimately develop a sustainable business model for one of M-Heal's Medical devices.
The challenge provides students with a venue to help a real organization with real business challenges. Judges will be from the organization, as well as, other social enterprise professionals.
Structure
This year, 4 teams with a minimum of 3 maximum of 5 participants will receive case materials on October 4th. Students then will have the next two weeks to create a 30 minute power point presentation that will be presented to a group of judges on Thursday October 15th at the Net Impact Conference. Teams will present in room K1310 from 3-6 PM.
Get Involved
Students may enter the competition by submitting a 250 word essay explaining their team's interest, along with the resumes of all of the team members by October 1st at midnight to kkdillon@umich.edu. At least 2 members of the team must be Net Impact Members.
The Payoff
Not only will the winning team be announced by Jerry during the Ben and Jerry Presentation on Friday, but the team will also win a cash prize and may have the opportunity to see their ideas implemented by the M-Heal team.