10 Things You Need to Know about The Venture

10 Things You Need to Know about The Venture


10 Things you need to know about The Venture

Launched by Chivas Regal and Design Indaba founder Ravi Naidoo, The Venture is a chance for social entrepreneurs to Win the Right Way.

The global search invites start-ups from 14 countries around the world to enter their ideas that are not only financially viable but will also provide a positive impact on the world around them.

Related: Chivas Regal Wants You To Win the Right Way

Here’s what you need to know about Win the Right Way on TheVenture.com:

  1. It’s an open invitation to social entrepreneurs to pitch their ideas to tackle social problems and create sustainable change.  If this is you, keep reading …
  2. If you’re still not sure if this you, then meet South African social entrepreneur Ravi Naidoo. If the founder of Interactive Africa and Design Indaba doesn’t inspire you to use your powers for good, then no one will.
  3. To stand a chance to Win the Right Way, you need to be 25 or older and from one of the participating countries. South Africa is one of them and not short on potential for social change so get creative.
  4. You need a great idea and solid business plan that illustrates just how your start-up will affect real change in your community.
  5. To enter, register at www.theventure.com and apply here.
  6. South African entries close 30 November 2014 so get cracking on your submission.
  7. Entries will be judged on five major criteria:
  • Social Purpose
  • Viability
  • Scalability
  • Practicality
  • Credentials
  1.  In April 2015 the finalists will be revealed on TheVenture.com where the public can show their support by voting for their favourite finalist and crowdfunding their idea. Public votes will determine how $250,000 of the fund is distributed among the finalists so winning hearts and minds is key.
  2. Finalists from around the world will then travel to the soul of start-ups – Silicon Valley in California – for an entrepreneur training camp in mid-2015. Here they will be mentored by industry experts and get the chance to pitch for the remaining share of $1 million!
  3. Whether you enter or not, there’s loads of inspiration to soak up. Sign up for updates on here, read our blog here and follow Chivas South Africa on Facebook and Twitter.

Related: How to Crack Social Entrepreneurship


Entrepreneur Magazine is South Africa's top read business publication with the highest readership per month according to AMPS. The title has won seven major publishing excellence awards since it's launch in 2006. Entrepreneur Magazine is the "how-to" handbook for growing companies. Find us on Google+ here.