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Social Impact Award 2020 kicks off

By Mariam Chanishvili
Wednesday, March 4
With the support of Bank of Georgia and UNDP Georgia, Impact Hub Tbilisi launched international student program Social Impact Award (SIA) on February 27 at Impact Hub Tbilisi in Fabrika.

SIA is an international program for students who want to become entrepreneurs and at the same time bring positive social change to the community. Since 2009, SIA has been providing students with the support of experts and professionals in business development.

The presentation of the event was attended by program organizers and partners, students, mentors and jury members, invited guests.

The details and description of the program were discussed during the meeting.

Social Impact Award is the largest student-run social entrepreneurship program in 25 countries, focusing on educating students in the field of social entrepreneurship. The program offers young people a ten-month educational course to pursue their own business. Throughout the program, students cover everything from idea generation to business planning, which gives them the opportunity to actually start a social business.

The winners will receive cash prizes and head to Prague Summit for Young Social Entrepreneurs.

Social Impact Award (SIA) was founded in 2009 by Peter Vandor at the Institute for Entrepreneurship and Innovation at WU Vienna. It was set-up as competition to empower student social entrepreneurs in Austria and by the means of the award finding out, whether there were any social entrepreneurs in the country (the idea of social entrepreneurship was still pretty new). Funding was provided in a rather unorthodox way: Joachim Hunold, the long-time CEO of Air Berlin, had won a prestigious entrepreneurship prize by the Austrian chamber of commerce.

The project is supported by the United Nations Development Program (UNDP), the Swiss Agency for Development and Cooperation (SDC) and the Austrian Development Cooperation (ADC).