KUALA LUMPUR, 8th SEPTEMBER 2016 – Chivas Regal today launched, for the first time, The Venture in Malaysia. With over US$1 million in funding and resources, The Venture is Chivas’ global search to find and support the next generation of startups that want to succeed whilst making a positive impact on the lives of others. Only the most promising from each of the participating 32 countries in 6 continents, will be selected as a global finalist for a chance to compete for the share of the funding, take part in The Venture’s Accelerator Week programme at the Skoll Centre for Social Entrepreneurship at University of Oxford’s Saïd Business School and travel to the USA for Chivas The Venture final event in July 2017.
Now in its third year, over 3,500 social enterprises have applied for The Venture which was launched globally in 2014. To apply for Chivas The Venture or find out about the impact the competition is already making across the world, visit www.theventure.com.
The launch of Chivas The Venture comes off the back of a global report that revealed 95% of young professionals are looking for businesses to take more responsibility in solving global problems*. These findings are further supported by a global survey that confirms people (77%) see big business as the number one driver of positive change for the future**. The survey – that questioned a total of 11,349 people across 10 countries around the world – also found that education 70%) was also considered an important sector when it came to changing the world for the better**.
Chivas The Venture is open to any for-profit-startup that creates both financial value and a positive impact on the lives of others. Last year’s competition saw five Grand Finalists pitch to a panel of judges that included, Eva Longoria, Sonal Shah, Joe Huff and Alexandre Ricard in New York City. Conceptos Plásticos, a Colombian social startup that transforms plastic waste into building materials for vulnerable communities was awarded the largest contribution from The Venture fund, receiving US$300,000.
Chivas The Venture inspires social entrepreneurs and those seeking positive change from around the world to pursue their ambitions and realise their potential. The recent global survey revealed over two-thirds of people (69%) would like to work for a business that has a social conscience**.
Founding Executive Director, Beeck Center For Social Impact & Innovation, Sonal Shah commented on the research:
“The results from the Chivas research highlight a number of trends that have surfaced in our work here at the Beeck Center. It shows that Millennials and Gen Z are hungry, motivated and inspired to positively impact the world. Second, young people believe that business also has a social responsibility not just government. As the world continues to become increasingly networked and collaborative, we have an opportunity to shape it – building cross-sector solutions to our most pressing social and environmental challenges.”
Richard Black, Chivas Regal Global Brand Director, commented:
“Promoting business as a force for good is a priority for Chivas Regal. There is a clear and growing desire around the world for change; people want to support and associate themselves with companies that are doing more than just making money. Since its launch in 2014, The Venture has already given US$2m of funding to aspiring businesses from Chile to Japan, and impacted over 200,000 lives. We are excited to be able to pledge another US$1m this year to help the next generation of global entrepreneurs make a difference.”
Chivas Regal is a global leading super premium whisky with a combination of entrepreneurial thinking and generosity at its heart. Chivas The Venture is inspired by the founding brothers, James and John Chivas, who realised early on that success is much richer when we share it with others. Find out about the impact the competition is already making across the world by visiting www.theventure.com.