A record number of 25 schools from the US and Europe competed for the chance to invest US$50,000 in a real-life social enterprise by participating in the 2016 edition of an annual impact investing competition for MBAs.
The MBA Impact Investing Network & Training (MIINT) competition drew 600 students to the University of Pennsylvania’s Wharton School campus - three times more than last year and the biggest turnout in its history.
The winner this year was a team from MIT Sloan School of Management, which received a US$50,000 investment for their choice of social enterprise – an innovative financial inclusion business that helps people in Latin America gain access to credit. London Business School and York University’s Schulich School of Business tied for second with a US$25,000 investment each, for equally innovative startups; one, a social enterprise looking to commercialize a more energy-efficient electric motor, and the other, a business that supplies prosthetics for amputees, respectively. Each of these three schools was participating in this impact investing competition for the first time in 2016, with Schulich the first ever to represent Canada. Northwestern University’s Kellogg School of Management and Carnegie Mellon’s Tepper School of Business rounded out the top five.



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