£10,000 Cambridge prize for ‘achievement and ambition’ in social enterprise
- Aug 16, 2019
- 2 min read
This article was originally published by the University of Cambridge's Judge Business School
The inaugural Cambridge Social Innovation Prize, awarded by Trinity Hall and the Cambridge Centre for Social Innovation at Cambridge Judge Business School, University of Cambridge, highlights the positive social impact made by businesses across the UK, backed by a generous donation from Graham Ross Russell, an alum of Trinity Hall and an early leader in business incubation and social innovation in the UK.
The four winners of this new annual award, selected by a panel of 6 high-profile social sector leaders, represent the diversity of social business: they hail from Glasgow, Sheffield, London and Weston-super-Mare in Somerset, and run the gamut from technology and social finance to co-operatives and local employment.
Each winner receives £10,000 to support their personal development as leaders and CEOs, and ongoing business advice from experts in the Cambridge Social Ventures programme at the University of Cambridge Judge Business School.
Cambridge Social Ventures Director, Dr Belinda Bell says the aim is to create a community of leaders in social enterprise and give them the skills, advice and emotional support they need to scale their businesses and their impact. “Social enterprise founders are often so focussed their mission that they are reluctant to spend time and money developing their own capabilities, which can hold back the growth of their businesses, and ultimately, limit the social impact that they can make,” says Dr Bell.
Social Change
The prize is a key plank in a suite of activities launched this year by Trinity Hall, one of the oldest Colleges at the University of Cambridge, to foster in their students an interest in social innovation through grants, mentoring, internships and by creating connections into to the broader ecosystem of social innovation and entrepreneurship here in Cambridge.
Master of Trinity Hall, the Reverend Canon Dr Jeremy Morris said: “Our students want to make a difference in the world through their work, and through this prize we hope to open their eyes to the myriad opportunities to make social change through entrepreneurship and business.”
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