Social business creation: the school reaffirms its leadership in social innovation

October 6, 2022

This year’s edition of the Social Business Creation (SBC) event was another great success. The 7th international social entrepreneurship competition at HEC Montréal started in March 2022 with 136 projects and over 500 participants, and culminated in a final round on September 30, with 32 projects presented in person or online.

Congratulations to the 3 winning teams!

Prize
project     
description    
Team country

1st

Humanízate

A 7-step method to reduce stress, increase productivity and develop healthy habits for communities

Mexico

2nd

B-Pallets

A social enterprise developing sustainable living spaces by reusing pallets as high-quality, inexpensive materials

Mexico

3rd

VECA

A scrap-trading platform increasing waste treatment efficiency while optimizing economic connections in Vietnam

Vietnam

About the competition

SBC was launched in 2016 by HEC Montréal in partnership with IDEOS, its Social Impact Hub. Right from the start it has benefited from the support of the Yunus Centre and its founder, Nobel Peace Prize Laureate Muhammad Yunus.

SBC is more than a competition – it is also a training opportunity for university students at all levels. Teams come up with an idea for a social mission they want to develop. Then they are guided, step by step, as they create a social business. They learn to analyze a problem, develop solutions and identify sources of funding.

This year, the teams also visited Tohu, to learn about its social mission and the power of urban innovation. They also studied the case of OVA, a Montréal artificial intelligence company, and specifically how AI and virtual reality can be used for social good.

The 2022 edition of the competition was presented with support from Scotiabank, for the 2nd straight year.

For more information:

Social business creation


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