Marquette, Brady Corp. present 2014 Good Money Challenge
Social innovation contest will award $25,000 in seed money
MILWAUKEE – Marquette University’s Social Innovation Initiative, in partnership with Brady Corporation, is accepting applications for the 2014 Good Money Challenge, which will award $25,000 in seed money to enterprises or ideas with the potential to change the community.
Formerly known as the Midwest Social Innovation Start-up Challenge, the Good Money Challenge is free and open to the public – online applications will be accepted through Friday, Sept. 26. Ten finalists will present and pitch their ideas at a reception and awards event on Friday, Nov. 7.
Judges will evaluate project proposals, submissions and final pitches using five criteria: 1) clarity around the social problem, target population and the innovative approach; 2) demonstration of a high probability of success; 3) potential impact, including plans for implementation and growth; 4) economic feasibility and financial viability; and 5) ability to attack the root causes of the social problem.
The top three teams receive prize money – $14,000, $7,000 and $3,000, respectively. Additionally, an audience choice winner will receive $1,000. All winning teams will receive mentorship support from Brady Corporation.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
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