Awarded each spring, the Sabin Sustainable Venture Prize supports innovative student and faculty ideas for a for-profit business that advances a more sustainable way of life. Past winners include an online social platform to expand the adoption of solar power and a software package for improving forest inventory data.
The competition provides participants with constructive feedback from experienced judges, opportunities to collaborate with faculty experts, and dedicated time to discuss ideas and strategy with top venture capitalists and leading industry professionals. Sabin winners also receive cash prizes totaling $25,000. Applications can be found on the "Get Involved" tab.
The program was created in 2008 with the generous support of the Andrew Sabin Family Foundation. It is managed by the Yale Center for Business and the Environment and seeks to:
- Stimulate applications of entrepreneurship and innovation to address issues of sustainability;
- Promote multi-disciplinary approaches to environmental/social problem solving;
- Generate ideas that are scalable, achievable, quantifiable, and financeable; and
- Educate about how entrepreneurs turn a concept into a successful reality.
The Lecture Series
Along with the award, the Sabin Sustainable Venture is comprised of a lecture series dedicated to business and the environment.
The focus of this year's series is on urban innovators: Bright Lights, Green Sights is a speaker series designed to explore environmental leadership within an urban setting. Urban populations have the greatest willingness to pay for environmental services yet are often the ones whose needs are least met. Over the year, we will welcome six diverse speakers to campus to reflect on their entrepreneurial endeavors and discuss opportunities available for improving environmental outcomes while working in cities.
Because the intersection of business and the environment is a relatively new space, there is a lot of room for new ideas to take root. The Center supports students interested in the creation of new nonprofit and commercial organizations, business models, or other innovations that address pressing environmental challenges.