Tuesday, October 13, 2009

Who will be the winners?

The four finalists in the Artemisia Social-Business Competition have submitted their revised business plans. Here is a summary of their Social-Business Ventures:

Venture

E-Vetiver

KOANedu

La Plimbare

Youth & Leader

Entre-preneurs

SIN Chung Hong, Derek + Tam King Pui, Juliana

Gustavo Pimentel + Henrique Vedana

Iulian Boia + Dragos Petru Belduganu

Alex Wang + Chang Young-Ting

Country

Hong Kong

Brazil

Romania

Mainland of China

Product/ Service

Vetiver grass, sold to poor farmers in Guizhou provice, China

online lending platform for young people to access student loans

Low-cost youth hostels with story-based cultural education

high-quality, low-cost education for young people in poor rural areas

Social impact

reduction of soil erosion, leading to increased farmers´ incomes, in China’s poorest region

makes higher education affordable to more people in Brazil

possibility for young people with low incomes to travel and become more aware of Romania’s culture & history

young people with improved education can lift their families out of poverty

Business model

farmers pay to get the seeds, and the harvested roots are sold for use in medicine, cosmetics and handicrafts

transaction fees from students & lenders, financial income from account holdings, premium membership from institutions

guests pay a fee to stay in the hostels

tuition fees paid by participants, online & event advertising


We will announce the winners on Wednesday 21st October.

As well as using Artemisia's innovative resources to develop their Social-Business plan, the four finalist teams have received coaching from experienced entrepreneurs in Artemisia's networks.

The two winning teams will receive seed funding to support them in starting their venture, and invitations to the 'Social-Business Summit' in São Paulo, December 2009.

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