The USC Iovine and Young Academy Social Impact Prize is awarded to students or student teams in the USC Iovine and Young Academy. Teams must have at least one Academy student who is a rising senior in a leadership role on the team. Other members must be current USC students from any USC Schools or academic unit. Students may compete for the $10,000 award by submitting proposals for projects that promise significant, positive social impact. These projects must stand out in their ability to make “impact” an integral piece of the project’s mission and vision. Potential sectors include education, healthcare, economic development, human rights, environment, and diversity and inclusion. The award will be used to fund further development or implementation of the selected proposal.
Proposals must demonstrate:
> exceptional creativity and feasibility in the design of a breakthrough business, technology, product, service or system
that goes beyond “awareness” of a cause
> special care, sensitivity, and attention to the needs of the identified stakeholders or beneficiaries, ideally involving them in the process of innovation.
> significant potential for practical application in new or existing businesses or non-profit organizations, industries or fields, and for
societal transformation or impact that balances impact and revenue
The award will be used to fund further development or implementation of the selected proposal. A jury consisting of Academy faculty, industry advisors, and leaders from relevant fields will evaluate submitted proposals.
The prizes will be awarded based on the following criteria:
> Originality and creativity
> Level of completion, including number and nature of remaining steps to implementation
> Feasibility, including costs to manufacture, distribute, market, implement, etc.
> Potential reach or scope in terms of numbers and types of individuals, groups or communities that may benefit from the proposed idea
Project submissions should include all applicable documentation or materials, including but not limited to:
> Working prototypes
> Business model
> Marketing and communication plans
> Feasibility studies
> Supporting data or analytics
Applications must be completed no later than 11:59 PM (PDT) Monday, April 16, 2018.
> No student may serve as the qualifying Iovine and Young team member, as described above, for more than one team.
> All team members must be current USC students in good academic standing.
> There is no entry fee.
> Each team shall not submit more than one proposal.
> The subject of the proposal must be the original idea of that particular team or a member thereof.
> Proof of ownership or control over IP may be required.
> If a team is found to have submitted an idea that is not original, it will be disqualified.
> Teams may not consist of more than five members, but can be as few as one member.
Submitted proposals will be reviewed by Iovine and Young faculty and administration, and finalists selected.
Finalists or finalist teams will be asked to make a five-minute presentation to the judging panel on May 1, 2018 (10 a.m. – 12 noon).
The jury will adjourn to adjudicate the prize. All prize winners will be announced May 1, 2108. The Iovine and Young Academy reserves the right to select no finalists or make no award in the event that a suitable submission is not identified.
Funds from the IYA Social Impact Prize are intended to be used for necessary actions consistent with the strategies outlined in your plan and may be used for such expenses as materials; website or social platform development; legal or professional fees; marketing or market studies; etc. Winners should seek prior approval for all expenditures; approval is at the discretion of the dean. Prize funds may not be used for team member compensation.
Prize funds must be used within one year of the date of the initial award. Any funds not utilized for or applied to eligible expenses by such date are automatically forfeited.
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