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University of Minnesota
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Acara

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The Acara Challenge is the University of Minnesota’s impact venture competition to reward student teams that are developing solutions to address global social and environmental challenges. The Acara Challenge is organized by Acara, a program at the Institute on the Environment, University of Minnesota.

  • Learn:  Contact Fred Rose <rosex122@umn.edu> to discuss your application.
  • Prepare: To prepare your venture idea join CE 5572: Social Venture Launchpad, offered each January
  • Apply: Applications are due in January for the next Acara Challenge competition.
  • Pitch: Present your venture for feedback and funding at the next Acara Challenge in February 2016 at the University of Minnesota.

Eligibility

  • The competition is open to current degree-seeking University of Minnesota students (undergrad, grad, professional) from all system campuses.
  • Any team with a business idea or operational early stage business that addresses a grand challenge issue with a for-profit or not-for-profit organization may participate.
  • Each team must have at least 1 currently or recently registered student (1 or more students must be registered Fall 2015 or Spring 2016).

2016 Timeline

  • January 22, 2016 5pm CST. Initial entry deadline at http://z.umn.edu/challenge2015.
  • January 29, 2016. Finalists announced.
  • February 2, 2016 6-8pm. Information session.
  • February 12, 2016. Final plans due.
  • February 15-19, 2016. Required one on one practice session with Acara.
  • February 23, 2016. Final 10-minute and 2-minute pitch decks due to acara@umn.edu by 5pm CST.
  • February 25, 2016.
    • Acara Challenge Finals: 8am-4pm at McNamara Alumni Center on the University of Minnesota-Twin Cities campus.
    • Acara Challenge Public Reception and Award Ceremony: 5:30-8:30pm

Awards

  • Acara Challenge cash awards up to $1,000 per team.
  • Invitation to apply for an Acara Venture Fellowship up to $5,000 per team.
  • Scholarship for the 2016 Acara Spring Institute venture design workshop series.

Judging

All teams will be judged by an investor-like panel. The judging criteria is:

  • What is the problem?
  • How do you make money?
  • What is the social impact?
  • How does it scale?
  • Who is the team?

Guideline

Review the full Acara Challenge 2015 Rules and Guidelines for further information on the competition.

PARENT INSTITUTE
Acara is the impact entrepreneurship program of the University of Minnesota Institute on the Environment in partnership with the College of Science and Engineering and the Carlson School of Management.

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