Calling all young creative entrepreneurs around the world: it’s time to challenge yourself. Introducing the Global Under 30 Impact Challenge, a new competition from The Rise Fund, Forbes and Echoing Green giving entrepreneurs the chance to win up to $500,000 in value.
The competition is open to entrepreneurs around the world who are under 30 and keen to drive positive social and environmental impact through successful for-profit enterprises. The winning company will qualify for up to $250,000 in investment from The Rise Fund and its affiliates, while Forbes will offer $250,000 in an in-kind media grant too.
The Rise Fund is a global fund co-founded by Bill McGlashan, Bono and Jeff Skoll. We are committed to achieving measureable, positive social and environmental outcomes alongside competitive financial returns. I’m proud to be a Founders Board member of The Rise Fund, alongside Lynne Benioff, David Bonderman, Jim Coulter, Mellody Hobson, Reid Hoffman, Mo Ibrahim, Laurene Powell Jobs, Pierre Omidyar and Paul Polman.
This new competition is a great way to inspire the kind of entrepreneurs we want to be investing in, whose companies create positive impact at scale through their core business operations, such that financial success and meaningful social and environmental impact reinforce one another.
I’m a big believer in challenges as a way to stimulate innovation and progress, from the Ansari X PRIZE to the Virgin Earth Challenge to the Longitude Prize. When there is a challenge for people to strive towards, they push harder to achieve it.
With that in mind, I am sure the Global Under 30 Impact Challenge will capture the imagination of many bright young entrepreneurs eager to make their mark and have a progressive impact upon the world. The winner will be awarded onstage at the Forbes Under 30 Summit in Boston this October. I attended the event last year and it was great to see the energy and creativity around the city.