The winners of this year’s MBA Impact Investing Network & Training (MIINT) competition were announced at an event attended by over 60 students from seven top U.S. business schools, held at the Wharton School of the University of Pennsylvania on March 22.
The MIINT program is an initiative of Bridges IMPACT+, the advisory arm of specialist fund manager Bridges Ventures, and The Wharton Social Impact Initiative. Under the program, student-led investment teams from top business schools learn to source and conduct due diligence on impact investments, and then compete for the chance to win a $50,000 investment into their selected company.
At the final competition on March 22, student teams presented their recommendations to a panel of 10 judges comprising leaders in the impact investing and venture capital sectors.
Three MBA students, Cindy Ye, Jennifer Wittig, and Zoila Jennings, from the Kellogg School of Management attained the top honors, winning the Best Investment and Best Impact awards for their presentation of Jail Education Solutions (JES), an early stage social enterprise that provides educational content for inmates through tablet technology. The company aims to reduce recidivism and increase employment opportunities for inmates through enabling self-driven education. For the Kellogg team, the prize means a potential $50,000 angel investment into JES from Ron Moelis, CEO of L&M Development Partners and angel investor. Moelis is passionate about impact investing and has been a strong supporter of MIINT since its inception three years ago.
Other winners included the Ross and Wharton MBA student team, who won the Runner-Up Best Investment award for their joint presentation on Raise, an online platform that allows underserved high school students to earn micro-scholarships for college. The student team at the David Eccles School of Business at the University of Utah also won the Best Diligence award for their presentation on Bloc Power, a start-up that provides energy retrofit financing and installation in underserved neighborhoods.
“Our goal is to provide the best experiential education available in the field of impact investment,” says Jacob Gray, Senior Director of the Wharton Social Impact Initiative. “I think the students were inspired by the opportunity to test their mettle against some of the smartest MBA students in the world.”
“The final opportunities presented were selected from over 400 companies that students sourced at the beginning of the program. The student presentations showed strong diligence of the investment opportunities from both an impact and commercial perspective, and showcased the high caliber talent emerging from business schools into the field,” says Brian Trelstad, Partner at Bridges Ventures.
The MIINT program is supported by the Apax Foundation, Liquidnet for Good, Mission Throttle, and Impact Engine.