As reported on SocialEdge.org: GSBI, a program developed by Santa Clara University’s Center for Science, Technology, and Society, assists social benefit entrepreneurs in developing business plans that enable their organizations to reach increasing numbers of beneficiaries. The GSBI consists of three major components:
1. An on-line, mentored, application process hosted on Social Edge and based on three business planning exercises designed to benefit all who participate. In the applicants define their organizations value proposition, target market (beneficiaries), and “social business” model (key income and expense drivers)
2. 20 organization selected from the application process receive scholarships for an online (4 month) and in-residence (2 week) program that involves “action learning” and mentoring to prepare a sustainable plan for their organization
3. On-going mentoring and collaboration for all who complete the in-residence component
All who participate in the Business Planning Exercises will benefit from the mentoring and feedback on their application exercises, and 20 organizations will be selected for a full scholarship, valued at US $25,000, to participate in 4-months of online preparation and then to attend the intensive two week in-residence program (to be held in August 2011).
Selection for the GSBI™ scholarships is based on 4 criteria:
1) value proposition with demonstrated impact on important social issues for the Base of the Pyramid (BOP)
2) potential to impact a large target BOP market
3) a business model with potential to scale rapidly while being financially self-sustaining (including contributed income)
4) the application exercises have been completed by the top executive in the organization and that executive commits to completing the pre-work and attending the GSBI™.
More information and application available on http://www.socialedge.org/features/gsbi/gsbitm-2011