Chivas Launches Global $1m Competition For Start-ups That Blend Profit With Purpose

General Press Releases Tuesday September 10, 2019 08:30
LONDON--10 Sep--PRNewswire/InfoQuest
Calling All Entrepreneurs Who Want to Change the World
Applications for the Chivas Venture 2020 are now open - enter before 31st October 2019 for your chance to win a share of $1M

Leading blended Scotch whisky, Chivas, has announced the launch of the 6th year of the Chivas Venture – a global competition that gives away $1 million in no-strings funding every year to the hottest social startups that blend profit and purpose to have a positive impact on the world.

The competition, which brings to life Chivas' belief that blended is better – in life, business and Scotch – invites the brightest entrepreneurs who are using business to change the world for the better to compete for a chance to win training, funding and exposure on a global scale. Thanks to the $5 million provided in funding to previous finalists, the Chivas Venture has positively impacted over two million lives to date.

Alexandre Ricard, Chairman and CEO of Pernod Ricard, who has been a judge for the Chivas Venture since its inception, said:

"It is incredibly uplifting to know that so many entrepreneurs across the world are using business to tackle a whole host of social and environmental issues that threaten our future on this planet. To date, Chivas Venture finalists have provided over 34 million litres of safe drinking water, recycled over 1,300 tonnes of waste and provided 75,000 days of education for women and girls – to mention just a handful of their many accomplishments. That's why, through the Chivas Venture, we want to continue to harness the power of the world's purpose-driven innovators, and help accelerate their impact."

Ahead of the Chivas Venture Global Final the winning finalist from each participating country will take part in an initial round of public voting for a share of the funding. The finalists will then battle it out at the Global Final for the remainder of the $1m fund.

At the Global Final in 2019, social startup Xilinat from Mexico was awarded the largest share of the fund, with founder Javier Larragoiti receiving $310,000 towards his business that aims to change the sugar industry as we know it. Larragoiti was awarded the funding by an esteemed judging panel including actress and entrepreneur Zoe Saldana, Chairman and CEO of Pernod Ricard, Alexandre Ricard, economist Sonal Shah and global winner of the Chivas Venture 2018, Cemal Ezel, the founder of Change Please.

Chivas' belief in blending - in life, business and Scotch - was instilled by founding brothers James and John Chivas, who pioneered the art of blending whisky in 19th century Scotland, and shared their success with the local community as their business grew.

Today, the Chivas Venture plays a central role in Pernod Ricard's 2030 Sustainability & Responsibility roadmap - an ambitious set of environmental and social targets supporting the United Nations Sustainable Development Goals, and aligned to four key areas: nurturing terroir, valuing people, circular making and responsible hosting.

If you think you've got what it takes to change the world with your startup, apply for the Chivas Venture 2020 and find out more about why blending profit and purpose is better at www.chivas.com/the-venture.
#ChivasVenture / Twitter: @ChivasVenture
Photo - https://mma.prnewswire.com/media/972597/Chivas_Venture_2020.jpg

Latest Press Release

Central Department Store to Host the first Worlds Premier Watch Jewellery At Central World to Target 800 million baht in Sales from Chinese and CLMV Tourists

Central Department Store and Central Pattana PLC are set to co-host Central | ZEN World's Premier Watch & Jewellery Expo @CentralwOrld. Led by Piyawan Leelasompop, Executive Vice-President of Marketing, Central Department Store Limited, A part of...

Teo Choo Guan won the Swedish World Peace Award

WAKi International Group chairman and founder Teo Choo Guan became the first Malaysian to be awarded the World Peace Award 2019. Teo received the award for his dedication and effort in promoting activities that cultivate harmony and respect among the...

58 Countries Join Euro-Asia Economic Forum in Xi#an to Co-establish the Belt and Road Initiative

Under the theme 'The Belt and Road Construction: High-Level Cooperation and High-Quality Development', The 2019 Euro-Asia Economic Forum (The Forum) held in Xi'an, the capital of western China's Shaanxi province, has gathered member states of Shanghai...

Central Park Tower Becomes the Tallest Residential Building in the World

Extell Development Company, a full-service real estate developer of residential, commercial and hospitality properties, today announced that Central Park Tower has topped out, which at 1,550 feet, will be the tallest residential building in the world....

Highclere Castle - home of Downton Abbey is now available to book on Airbnb

- To celebrate the upcoming motion picture event Downton Abbey, Highclere Castle will open its doors to two guests for a never-before-stay available only on Airbnb - Two fans will be able to stay overnight in one of the grand bedrooms on November 26 -...

Related Topics