The Eco-Biz Challenge - Selection Matrix

CCRES: Damian Hine
Indonesia, Philippines
Type of Resource: 

The Eco-Biz Challenge is business plan competition, including business skills training, to encourage businesses that are environmentally and socially sustainable. The Eco-Biz Challenge identifies local entrepreneurs and assists them in starting or expanding businesses that support the local economy, as well as ecosystem services. It expands the pool of local talent, knowledge and creativity to find and incubate eco-friendly business ideas, and boost enterprise development. Applicants submit a business concept summary which outlines their proposed business idea. The idea must operate in the local area, employ local residents, and be environmentally sustainable. The top 25% applicants will be selected as semi-finalists and will receive a three day business plan training course. The semi-finalists will then be required to submit a formal proposal. Winners are selected and receive a one-time small equity grant of to start or expand their business concepts.