This prize provides seed funding for start-up ventures in the field of business and the environment. The goal of the funding is to support student and faculty in creating competitive commercial enterprises that market viable products, services, and projects with environmental benefits to society.
Up to two prizes of $10,000 will be awarded.
The deadline for submissions is November 1st at 11:59 PM.
The Sobotka Prizes are for student ventures from departments across Yale University. Up to two prizes of $10,000 each will be awarded. Use of the proceeds is limited to one year and may cover expenses including, but not limited to stipends for graduate and undergraduate students, equipment, analyses, data purchasing and surveying, business filing, and travel for faculty and students.
The application must include:
Qualtrics online application
Team members’ resumes
OPTIONAL: Business model canvas (see application for details)
Successful proposals should meet the following criteria:
Teams must include at least one current Yale student.
The business concept must be commercially viable and produce environmental benefits for society.
Teams must not have previously won a Sobotka Prize (or, as the opportunity was previously known, a Sobotka Grant) or any of the prizes offered as part of Startup Yale.
Applications must be submitted by Sunday, November 1, 2020 at 11:59 PM.
Applicants will be notified by the end of the semester whether or not they have been awarded a prize. These are competitive prizes that will be evaluated and selected by a committee of professionals and experts. Proposals will be evaluated for the following:
Viability: Does the venture have commercial viability? Is the idea financially and operationally sustainable?
Opportunity: Is there a need for the proposed solution and will customers pay for it? Is there sufficient demand/opportunity in the market? Does it have a competitive advantage with differentiation and address barriers to entry/exit
Team: Does the team composition include knowledge, skills, passion, energy and ability to execute?
Environmental impact: What is the potential to contribute environmental benefits to society?
Financials: Do the assumptions in the financial plan reflect what's needed to execute? Are they in the ballpark of realism? Is there appropriate spending in the right areas? Is the proposed use of proceeds a sensible path to advance the venture?
Succinctness: Clarity and quality of grant application
The winning student ventures are required to acknowledge, where relevant, support from the Sobotka Prize.
David Sobotka will be providing one-on-one advising sessions October 19-20 to help teams with their business plans (sign up here). For more general advice on your idea, feel free to meet with one of our CBEY Resident Fellows. Office hours with the CBEY team will also be made available and posted here in the weeks prior to the application deadline.
Teams are strongly encouraged to schedule at least one mentorship session. These sessions are non-evaluative and have no bearing on the selection process. Neither David nor any of the CBEY Fellows are part of the judging panel.
Over the years, the Sobotka Seed Stage Grant program has supported many start-up sustainable business ventures. Read the stories about past recipients and how this grant impacted the trajectory of their ideas.
1. Can my business idea be an international venture and not necessarily within the USA?
Absolutely, your venture can be anywhere globally provided it has an environmentally beneficial impact.
2. What are my chances of winning?
Every application is considered holistically and has an equal and fair opportunity to win. Historically we have received between 10-20 applications per year.
3. Does it matter where in the process I am?
It doesn't matter if your venture is in the Ideation, Pursuing, or Executing stage. Successful applications have come from each of those stages. What is most important is that the application demonstrates the viability of the idea, the potential impact, and the capability of the team to execute it.
4. Is the Sobotka Prize more for environmental or social business ventures?
Environmental impact is a requirement for the application. However, if your venture has a predominately positive social impact and a minor environmental impact, then we still encourage you to apply as we consider these applications seriously.