Give Your Startup a Boost with a Share of Dhs3.67 million

The search is on for the region’s most inspiring social enterprise to claim its share of prize at global final
Give Your Startup a Boost with a Share of Dhs3.67 million
Shutterstock
By Cosmo Staff -

Dream of being an entrepreneur? Read on… Chivas Regal just has launched the third year of The Venture, a global search to find and support the next generation of startups that want to succeed whilst making a positive impact on the lives of others.

As part of the launch The Venture is calling on the most exciting and inspiring social entrepreneurs in The Gulf to stake their claim to the $1 million (Dhs3.67 million) social entrepreneurship fund.

So how do you get involved? Chivas The Venture is open to any for-profit-startup that creates both financial value and a positive impact on the lives of others. Last year’s competition saw five Grand Finalists pitch to a panel of judges that included, Eva Longoria, Sonal Shah, Joe Huff and Alexandre Ricard in New York City.

Conceptos Plásticos, a Colombian social startup that transforms plastic waste into building materials for vulnerable communities was awarded the largest contribution from The Venture fund, receiving $300,000 (Dhs1,101,884).

Previous global final representatives from The Gulf include Sahar Wahbeh of Dumyé, a business that makes handcrafted, eco-friendly, personalised rag dolls that serve a social purpose and, Charles Blaschke of Taka Solutions, a business that installs technology in existing buildings to save energy and money.

The launch of Chivas The Venture comes off the back of a global report commissioned by Chivas Regal revealing that 95% of young professionals are looking for businesses to take more responsibility in solving global problems. These findings are further supported by a global survey that confirms people (77%) see big business as the number one driver of positive change for the future. The survey – that questioned a total of 11,349 people across 10 countries around the world – also found that education (70%) was also considered an important sector when it came to changing the world for the better.

Interested? Head to theventure.com for all the info (and FYI the closing date for applications is November 30, 2016).