Merlin’s Magic Wand is a worldwide charity for children which provides free days out at Merlin attractions for ill, disabled or disadvantaged young people

Big Brothers Big Sisters Deutschland provides one-to-one mentoring of disadvantaged young people using trained volunteers

The Asian Venture Philanthropy Network promotes venture philanthropy initiatives across Asia

Impetus is a venture philanthropy organisation which provides a package of grants and support to non-profit organisations focused on breaking the cycle of poverty

The Prince’s Trust gives practical and financial support to disadvantaged 13 to 30-year-olds, helping them to become productive members of society

Street League use the power of football to get the most disadvantaged young people into work, education or training

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Date:Friday 6 January 2017
Title:New York Office Hosts CVC Young Innovator Awards for Social Enterprises

New York Office Hosts CVC Young Innovator Awards for Social Enterprises

On 21 December, executives from CVC Capital Partners and Credit Partners teamed up to judge this year’s competition for the best new social enterprises developed by  current Fellows and alumni of partner charity, Venture for America. From an impressive field of applicants, five entrepreneurs were invited to pitch via video conference for prize money totalling $20,000. The judges: Mark DeNatale, Cameron Breitner, James Christopolous, Chris Hojlo, Max Dewez, Judy Marsden and Molly Whiteman had the difficult tasks of choosing the winners but in the end selected the following:

Magnolia
Amount of Award: $12,000
Location: Currently operating in seven US states   
Business: Helping companies meet their statutory responsibilities to mitigate environmental impact through buying credits in land conservation sites
Use of Award: Field and preparatory work for acquisition of Pennsylvania mitigation bank
CVC adviser: Chris Hojlo & Molly Whiteman

Revival Chili

Amount of Award: $8,000
Location: Pittsburgh, Pennsylvania
Business: Catering at markets and festivals offering homemade chili made from locally sourced products and employing ex-convicts
Use of Award: Contribute to cost of new food truck and provide working capital 
Amount of Award: $8,000
Location: Pittsburgh, Pennsylvania
Business: Catering at markets and festivals offering homemade chili made from locally sourced products and employing ex-convicts
Use of Award: Contribute to cost of new food truck and provide working capital 
CVC adviser: James Christopoulos


Magnolia's John Yarchoan explaining the ins/outs of mitigation banks

Magnolia

The CVC judges put the entrepreneurs through their paces

CVC Judges

Judging panel with our partners from Venture for America

Judging panel