Gscv

2011 GSVC Social Impact Assessment Guidelines

1. Judging Criteria 2. Social Impact Assessment Approach: a. Define b. Quantify c. Monetize 3. Hints, Tips, & Recommendations

1. Judging Criteria To fulfill the baseline entry requirements of the 2010-2011 GSVC, all entrant business plans must include a social impact assessment section. This section can be as detailed as entrants wish, but will be judged according to the following criteria: 

Social Value Proposition o The social value proposition and theory of change are clear and compelling. o The social value proposition is central to the business model.

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Measurement of Social Value o The social impact indicators strongly relate to the ultimate desired outcome. o The plan for measurement of the social impact indicators is feasible.

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Quantification of Social Value o The assumptions and data that drive the social monetization model (e.g. SROI) are reasonable.

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Social Innovation o The venture addresses the root cause of the targeted issue.

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o The venture generates relative value above and beyond current state and/or next best available option. o The venture recognizes potential unintended and/or negative consequences. o The social impact is supported by a sustainable business model.

Please reference the glossary http://www.gsvc.org/the_competition/social_impact_assessment/sia_glossary/ for definitions of unfamiliar terms.

2. GSVC SIA Approach: Define, Quantify, and Monetize There are three steps to the Social Impact Assessment.  DEFINE: Define the venture’s social value proposition. Use the Theory of Change methodology to describe why the ventures activities will lead to the ultimate desired outcomes. Use the Impact Value Chain to describe how the venture’s activities will lead to the desired outcomes.  QUANTIFY: Identify three measurable social impact indicators that will most strongly correlate with the desired social outcomes. Explain how these indicators will be tracked...