Global Social Venture Competition (GSVC) is a global competition founded by UC Berkeley’s Haas School of Business that empowers the next generation of social entrepreneurs to transform their ideas into fundable, scalable ventures that address the world’s most pressing challenges. Berytech, affiliated to St Joseph University (USJ), and member of the GCNL network, is the regional partner of this competition.
The competition occurs over three rounds during which competing teams present the social, financial, and environmental values of their business gaining valuable feedback from some of the greatest minds in social innovation.
The winning team selected during the pitching day on February 13, 2018 will represent Lebanon in the Global Finals in April in Milan, Italy and will get the chance to win up to $80,000.
The regional round in Beirut took place in Berytech Mathaf in partnership with active organizations in the social entrepreneurship sector including: Al fanar, Dot Lebanon, Makesense, arcenciel, USJ, Global Compact Network Lebanon.
The Finalists were chosen based on financial sustainability or profitability, scalability, and should have a quantifiable social and/or environmental bottom line incorporated into their mission and practices. The seven finalists who pitched in the regional finals were judged on: Business potential, market assessment, feasibility of the project, social/environmental impact, business strategy and presentation.
Fabric AID, Second Hand Clothes Collector And Distributor Won Global Social Venture Competition In Lebanon.
Fabric AID is a platform, founded by Omar Itani & Tamara Ghandour, which gathers second-hand clothes, sorts them, grades them, cleans them and then distributes them to the 250 pre-exiting second-hand shops in Lebanon or to their very own pop-up shops in under-priviledged neighborhoods.