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Publication.Pdf Contents Introduction 1 Regional Coverage 2015-17 2 Eligibility & Judging Criteria 3 Young Innovator Awards: Hong Kong Office 4 London Office 6 Madrid Office 8 New York & San Francisco Offices 10 Paris Office 12 Warsaw Office 14 Future Plans 16 Contacts & Further Information Inside back cover Introduction In 2015 we launched the CVC Young Innovator Awards to support young entrepreneurs in creating the new businesses and social enterprises of the future. Finalists in our annual competitions are offered a package of cash grants, mentoring and access to the CVC network. Through this, we aim to contribute to economic growth in countries where CVC operates and provide greater employment opportunities for young people. During the first three years of this programme, we have run business plan competitions in our offices in Hong Kong, London, Madrid and USA. Last year, our Warsaw and Paris offices took part for the first time and we expect more CVC offices to join in the near future. Since inception, a total of 35 CVC awards and grants have been made ranging in size from €2,000 - €20,000 each. Since then, nearly all recipients of the awards have continued to develop their businesses and we actively track their progress; using CVC’s resources to assist them along the way. This programme would not have been possible without the involvement of 84 of our employees from across our office network as competition judges and event organisers. We would also like to thank our local charity partners for their invaluable help in organising the awards: Social Ventures (Hong Kong), New Entrepreneurs Foundation (London), Fundación Tomillo (Madrid), Venture for America (New York), The Family (Paris) and Youth Business Poland (Warsaw). Judy Marsden Director of Philanthropy CVC and the Community Young Innovator Awards 2018 1 Regional Coverage 2015 – 2017 London Warsaw Paris New York & Madrid San Francisco Hong Kong 84 35 84 6 Entrepreneurs Young Innovator CVC Staff Countries Shortlisted Awards Involved Worldwide €10,000 Typical Grant 2 Young Innovator Awards 2018 CVC and the Community Eligibility & Judging Criteria Award Eligibility • Up to 30 years old • Apply through one of CVC’s youth entrepreneurship charity partners • Business plan for an innovative product or service; either for-profit or a social enterprise • Requesting first-time early stage funding Judging Criteria • Quality of the business idea • Feasibility of the business model • Potential market opportunity • Skill set and commitment of the founders • Likely benefits to the community Grant Amounts €2,000 – €20,000 Supported by the CVC Foundation www.cvc.com CVC and the Community Young Innovator Awards 2018 3 Hong Kong Hong Kong Office For the third year running, CVC sponsored Social Ventures Hong Kong’s Asia Social Innovation weekend, the first region-wide social start up competition with the aim of promoting a culture of social innovation and exchanging ideas among Asian cities in addressing social challenges. Over the course of a weekend, young entrepreneurs from China, Francis Ngai, CEO of Social Ventures Hong Kong, introduces the Asia-wide awards Hong Kong, South Korea, Taiwan, Cambodia, Vietnam, Singapore and Indonesia met to attend workshops, “ASIA 2017 was a great success with the tremendous share knowledge and receive support of CVC and our other sponsors. Overall, we expert advice. The session have seen a higher quality of submissions compared culminated in the Social to previous years and a significant shift towards Innovation Awards, where 12 collaboration among start-ups across the region.” finalists were selected from Francis Ngai CEO, Social Ventures Hong Kong over 350 ideas submitted. In addition to providing financial support, CVC staff have been actively involved in leading workshops to equip entrepreneurs with the tools and skills for pitching, business model design, finance and marketing of their businesses. PARTICIPANTS Alvin Lam William Ho Gary Liu Denise Mak Xuan Wang Cindy Fang Finalists and CVC staff from Hong Kong office discussing business plans 4 Young Innovator Awards 2018 CVC and the Community Hong Kong Winner Aukrit Unahalekhaka RICULT Ricult helps smallholder farmers in Thailand improve their productivity and profitability. This is done through the use of a data-driven mobile platform that models weather and soil conditions. Ricult technology has been shown to improve farmers’ income by over 50% in Thailand. Aukrit Unahalekhaka, Founder of Ricult receiving award “It was a wonderful experience to participate in ASIA 2017. I made a lot of friends and connections and learnt a lot throughout the process that I can apply to my business.” Aukrit Unahalekhaka Founder, Ricult Smallholder farmer busy at work in rural Thailand CVC and the Community Young Innovator Awards 2018 5 CHARITY PARTNER London Office London Becoming involved in a start- up is now the destination of choice for many bright young university graduates. Our partner, New Entrepreneurs Foundation, receives over 500 applications per year on its one year internship, training and mentoring programme. However, having gained invaluable business knowledge and contacts, the would-be entrepreneurs often lack access to the seed money needed to turn their ideas into reality. This is the gap that the CVC Young London office judging panel, staff from New Entrepreneurs Innovator Awards aims Foundation and finalists to fill – to kick-start these “Winning the CVC Young Innovator Award was a massive business ideas by providing validation point for Unmind. We’d only just launched our cash grants and support initial product, so to receive both capital and kudos from from a CVC staff member such a renowned organisation was hugely motivating. as an informal adviser. Of With the CVC award we were able to expedite our mobile the nearly 20 applications App development – which has since helped us win new received, four finalists were clients, reach more users, and ultimately improve the short-listed. The winner world of workplace mental health!” was Unmind with Midnight Runners in second place. Ry Morgan Founder, Unmind JUDGING PANEL (Chair) Arron Wu Jonathan Bowers Michael Davenport Andrew Davies Alexander de Mol (Bain & Co) Matthew Green Steve Greenwood Michael Lavrysen (Brussels office) Lauren Livingston Helene Thomas Judy Marsden Finalists with their awards at the London event 6 Young Innovator Awards 2018 CVC and the Community London Winner & Runner-Up WINNER Ry Morgan UNMIND A web platform that enables companies to support the mental well-being of their staff. Since receiving the CVC award, Unmind has won client contracts with a number of large companies and is in the process of raising over £1m of seed funding from investors. CVC’s Arron Wu with winner Ry Morgan, Founder of Unmind RUNNER-UP Greg Drach MIDNIGHT RUNNERS Midnight Runners organises community runs in major cities including London, Berlin, Barcelona and Boston. The aim is to make running fun and social whilst encourage others to take up the sport. Greg Drach, Founder of Midnight Runners CVC and the Community Young Innovator Awards 2018 7 CHARITY PARTNER Madrid Madrid Office With continuing high levels of youth unemployment, the second highest rate in the EU, support for entrepreneurship has a critical role to play in revitalising the Spanish economy and creating jobs. CVC is playing its part through making available cash grants to aspiring young entrepreneurs. Since we launched our CVC awards three years Finalists from across Spain came to the pitch day at CVC’s ago, we have seen strong Madrid office growth in applications from members of the Youth Business Spain network. “Thanks to the CVC award, we have been able to train Out of 68 applications 26 unemployed women as programmers and they are received, nine reached the currently having their first job interviews to start work as finals and were successful front end developers.” in winning an award in one of the three categories: Rosario Ortiz Co-founder, Adalab scaleable businesses, self-employment or social enterprises. JUDGING PANEL (Chair) Javier de Jaime Juan Arbide Pablo Costi José Antonio Torre Santiago Ramirez Alvaro Sendagorta Judy Marsden Finalist pitching business plan to judging panel 8 Young Innovator Awards 2018 CVC and the Community Madrid Winners Scaleable CARGOBACK: Businesses: Digital logistics platform to connect carriers with loaders. FOUNDSPOT: Digital platform to locate lost objects or pets. CREA-ROBOTICA: Build your own robot kits. Crea-Robotica Self ESFERA MOLECULAR MIXOLOGY: Employment: Cocktails in the form of edible spheres. LA GITANILLA BEER FACTORY: Craft beer factory from Córdoba. AETERNA PRODUCCIONES: Audio-visual and event production company. Esfera Molecular Mixology Social ADALAB: Enterprises: Training program in software development and coding for young women. LIGHT: App to encourage sustainability through games and prizes. ECO-LOGISTICS: Adalab Zero emissions delivery business. CVC and the Community Young Innovator Awards 2018 9 CHARITY PARTNER New York New York & San Francisco San Francisco Offices In the USA there are a wide range of funding sources available to young people wanting to start up their own businesses. However, for those wishing to develop a business with a social purpose, access to early seed capital is very limited. To address this need, our CVC awards programme in the USA US executives with charity partner, Venture for America is targeted at young entrepreneurs wanting to start up new business which has a social purpose “CVC has played an integral
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