Social Venture Competition

Applications for PSICOMP 2015 have closed. We hope to see you next year!

Program

PSICOMP is Princeton University’s first social venture competition hosted by Princeton Social Innovation. Our aim is to provide bright, young social entrepreneurs with resources and connections that will equip them for success. All semi-finalist competitiors will receive mentorship and networking opportunities, and winners will be awarded prize funding from $30,000. We’re looking for disruptive, innovative ideas that have sustainable, measurable impact. We believe that anybody is capable of creating social change and encourage all to share their ideas and apply.

Prizes

First Place: $15,000
Second Place: $10,000
Third Place: $5,000

What’s the process?

PSICOMP is broken into three rounds. The first round is application-based, in which founders will submit a short description of their idea with an optional video pitch. Your application will be remotely screened by several first-round judges and the top ten teams will be selected to move onto the semi-finals.

The second round will take place March 7th at Friend 101. Semi-finalists will prepare a 10-15 minute presentation and pitch their idea to a panel of 10 judges. Each semi-finalist team will be paired with a mentor to help guide them through the process and provide them with feedback. At the end of the presentations, five competitors will be selected to move onto the final round. There will be a short networking event after presentations for the competitors to meet the judges. Finalists will have time between the semi-final round and the final round to work with their mentors and judges they meet at the event to revise their pitch decks for the final round.

The final round will take place March 28th as a major component of Princeton Social Innovation’s social impact conference, PSICON. Similar to the semi-final round, finalists will prepare a 10-15 minute presentation and pitch their product to a panel of 10 judges. In addition, the audience will also include attendees of the social impact conference. Judges will deliberate on the three finalists that will be awarded the prizes above.

Eligibility

In order to qualify as a valid applicant, you must either be a Princeton graduate or undergraduate. We do not have specific requirements that dictate whether or not your idea can be considered a social enterprise, but keep in mind that social impact is a core component of the rubric by which your application will be judged. Ventures in which social impact is inherent to its mission will be more highly ranked than ventures that just include some pro-bono, charity aspect their business plans.

FAQ

How many people can enter on a team?
1-4 people, although the recommended number is 3 per team.

Is the video pitch for the first round optional?
Yes, it is completely optional. Do not hesitate to submit an application if the video pitch is the main thing keeping you from doing so.

How long should the video pitch be?
Roughly 90 seconds.

Why the video pitch?
We want to provide applicants with an extra opportunity to show judges why they can best execute whatever venture idea they are pursuing. It is completely up to the applicant as to whether or not they want to take advantage of this opportunity.

When/where will the semi-final round take place?
March 7th, 2015 on the Princeton campus. Location TBD.

When/where will the final round take place?
March 28th, 2015 at the Friend Center in Princeton.

Still have questions?
For further information or questions, please contact dsk@princeton.edu.

Apply

We're no longer accepting applications for PSICOMP 2015, but please check back next year for PSICOMP 2016!