By Josh Bisker
October 24, 2013
Teams have just finished submitting proposals to the NYU Reynolds Changemaker Challenge (CmC), a major initiative of the revolutionary NYU Reynolds Program in Social Entrepreneurship designed to help NYU students execute their visions of sustainable and scalable social change.
The NYU Reynolds Program brings undergraduate students through a year-long curriculum that includes social entrepreneurial workshops with leaders in the field, peer-review sessions, ongoing guidance from the Reynolds team and their extensive professional network, and the development of an executive summary and a business plan.
In the Changemaker Challenge, these business plans--and the teams’ real world accomplishments--are put to the test, with select projects awarded $1,000 seed grants and additional support from Reynolds, and one team awarded a grand prize of up to $10,000 along with a host of Reynolds-sponsored resources and the title of the “NYU Reynolds Best Overall Venture.”
Since 2006, NYU Reynolds has received 374 executive summaries and 186 business plans, and has provided over $200,000 in funding to aspiring social entrepreneurs.
CmC is a powerful component of NYU’s mission to be a private university in the public service. By educating young social entrepreneurs and funding new social ventures, the NYU Reynolds Program goes hand-in-hand with work being done in a multitude of ways around the University, such as the NYU Community Fund, a university-wide charitable giving program in which employees donate money directly from their paychecks to be regranted to local nonprofit organizations through the Office of Civic Engagement.
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