A £100,000 opportunity for a business with potential for profit and purpose
Alongside the money, which will be given for an equity stake of
10-30% in the winning business, the entrepreneur will benefit from
the mentoring of angel investors and widespread coverage of their
business and the impact it has.
The ‘impact of the business’ is the crucial part of this
competition, the eventual winner will not only have to be able to
maximise profits but boast a positive social influence in the world
around them too.
Entrepreneurs who apply will vie to convince a panel including
Richard Reed of Innocent Smoothies, Graham Hill of Treehugger and
Andrew Rugasira of The Good African Coffee Company that they are a
business which focuses on both profit and purpose.
The criteria for this are wider than you might think. Few
businesses can claim to be social enterprises (existing to maximise
positive impact instead of profit), but many entrepreneurs could be
running Profit with Purpose companies without even knowing it.
For example, The Gym Group is a very successful business which
has delivered affordable health benefits to people all across the
country. Helping people be healthy certainly counts as a positive
If you meet the list of conditions on the site and have a clear
plan to scale both the profitability and positive effects of your
business, don’t miss out on the investment chance of a
The DNA Summit has plenty of other events worth keeping an eye
The “hack at 30,000 feet” features 100 top entrepreneurs
climbing aboard a San Francisco to London flight in an attempt to
solve the global misalignment of talent problem.
During the journey, the group will have to ignore the usual
luxuries of travel and work out how to bring business opportunities
closer to talented individuals before presenting their findings
upon touchdown in the capital.
via Small business advice from Smarta http://www.smarta.com/blog/2013/4/a-100000-opportunity-for-a-business-with-potential-for-profit-and-purpose