Chivas Regal launched the Chivas Venture 2018 – a global search to find and support the next generation of startups that want to succeed while changing the world for the better. Since the Chivas Venture first launched globally in 2014, almost 6,000 social entrepreneurs have applied for the chance to receive a share of the annual $1 million fund – and applications for the 2018 competition are open in Romania until 30th October 2017.
In this fourth year of the competition, 29 countries from 5 continents are taking part – all of whom are looking to find their most talented local entrepreneurs to compete on a global stage. One winner will be selected from each country and given the chance to take part in an exclusive Accelerator Programme – followed by 3 weeks of online voting where the allocation of the first $200,000 of the fund will be put into the hands of the public. The Chivas Venture 2018 will then culminate in a series of high-stakes pitches at the Chivas Venture Final, where the remainder of the $1 million fund will be distributed.
The Romanian local stage happens between October 2017 and January 2018, and represents the first step in the Chivas Venture experience. There is a prize of 5.000 euros for the local winner and the opportunity for all 5 finalists to take part in the BusinessDrive entrepreneurial program, sustained by Marius Ghenea.
The 2017 Chivas Venture Final in Los Angeles saw five enterprising grand finalists pitch to a panel of judges that included Oscar-winning actress and philanthropist, Halle Berry, in front of a live audience of business leaders, influencers and Hollywood stars including Javier Bardem, Josh Gad and Don Cheadle. Thailand’s Siam Organic, which aims to end small-scale farmers’ poverty, walked away with the largest sum from the Chivas Venture fund, receiving $400,000.
The Chivas Venture champions entrepreneurs who believe the world can be better, and use business as a force for good. Previous finalists of the competition aspire to a future where waste is recycled into housing, furniture and fashion, clean water is accessible to the world’s population, and poverty tax is eradicated. The $2 million given away over the first two years of the competition has been used to support startups that now have over 300,000 beneficiaries in more than 40 countries across the globe.
Chivas believes that generosity and success go hand in hand – a belief inspired by founding brothers, James and John Chivas, who shared their success with the local community as their business grew, through contributions within the church, education and social support. The Chivas Venture aims to honour their legacy and support their modern counterparts – entrepreneurs who believe that sharing their success with society is when business becomes truly rewarding.
Richard Black, Global Marketing Director for Chivas Regal, commented:
“Through our annual $1m fund, we have been able to accelerate the growth of some of the world’s most socially valuable businesses – which are now demonstrating real impact across the globe. We inherited from our founders a firm commitment to using business as a force for good – and I cannot wait to see this year’s business ideas that might truly help shape our collective future for the better.”
The Chivas Venture is a global search to find and support the next generation of startups that want to succeed while creating a better future for society. Since the Chivas Venture first launched in 2014, almost 6,000 social enterprises have applied for the chance to receive a share of the annual $1 million fund. This year, 29 countries across 5 continents are taking part in the Chivas Venture.
Launched in 1909, Chivas Regal is the world’s first luxury whisky and is considered to be a timeless classic, renowned for its benchmark quality and taste, style, substance and exclusivity. A truly global brand, Chivas Regal has been integral to the growth of the Scotch whisky category worldwide and today sells 4.5 million 9L cases annually in more than 150 countries across the globe.