Boston College’s Edmund H. Shea Jr. Center for Entrepreneurship in the Carroll School of Management and the Center for Social Innovation in the School of Social Work have teamed up as official academic partners for Forbes' third annual $1 million Global Change the World pitch competition.
The competition will take place between October 16-19 at Faneuil Hall in Boston as part of the 2016 Forbes Under 30 Summit. It is the largest contest in the world for young social entrepreneurs, and it aims to select winners with disruptive and scalable business ideas for both non-profit and for-profit ventures.
Forbes approached BC about the partnership because they wanted to join with a Boston school for the Boston-based summit. BC’s role is to screen a list of over 2,000 applicants. Following the screening, BC students, alumni, and staff will assist in choosing a total of eight finalists: four for the non-profit side of the competition and four for the for-profit side.
The Shea Center and the Center for Social Innovation are using a scoring rubric to screen applicants, but "the primary overarching question is whether the proposed idea stands out from current solutions to the problem in efficacy, sustainability, and/or operating philosophy," noted Olivia Matthews, Assistant Director at the Center for Social Innovation.
Official winners will be selected by the Forbes Under 30 Summit judging panel on October 17 and 18.
In a press release, Jere Doyle, the executive director at the Shea Center, explained that the competition will show the BC community "how to work in an entrepreneurial environment and how to be great entrepreneurs on both the social entrepreneurship and for-profit sides."
The Under 30 Summit expects over 5,000 attendees to take part in five interconnected summits with speakers in finance, science, media, policy, and social good. The Forbes 30 Under 30 honorees will be speaking as well. The summit will conclude with the Under 30 Food Festival and the Under 30 Music Festival, which will feature acts such as Halsey, Jason Derulo, and Delta Rae.
Speakers at the event will include model and author Chrissy Teigen, The Honest Company’s Jessica Alba, and Nasty Gal’s Sophia Amoruso, who also spoke at BC’s annual Own It Summit earlier this year.