In the recently announced finalists for the Dell Social Innovation Competition, the project entry submitted by the Indian student team SIFE CBS from the Shaheed Sukhdev College of Business Studies is among the five finalist teams competing from across the world.
Dell and the
The program inspires university students to approach global social problems through entrepreneurship, technology and sustainability and empowers them with unique skills and opportunities to succeed in a globally competitive workforce.
True change comes from the ground up. Many times it’s the small ideas that evolve into revolutionary organizations”, said Trisa Thompson, vice president of Corporate Responsibility, Dell. Dell was founded on these ideals and we want to build on the entrepreneurial spirit these students possess and equip them with the tools they need to turn their innovative ideas for social good into a reality”.
The 115 semi-finalists were invited to develop their ideas into detailed venture plans and create video pitches on April 1, 2011. The plans were be judged by leaders in academia, business, government and the non-profit sector. From these semifinalists, five finalist teams were selected.
The grand prize winners will be announced at a reception following the presentations. The first place winner will receive $50,000 second place, $20,000; and third place, $10,000. Each of these cash awards is given to help the contestants turn their ideas into a new business or non-profit organization. The first, second and third place teams also will receive two Dell laptops each and be granted access to the top social entrepreneurship networks and events. Additionally, entrants are eligible to win a $10,000 Dell Technology Award, $10,000 Tomberg Prize in Environmental Sustainability or $10,000 People’s Choice award.