Research reveals generation looking to businesses to solve world’s problems

Chivas Regal has launched the third year of The Venture, a 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. Since Chivas The Venture first launched (2014) over 3,500 social enterprises have applied for the chance to receive a share of the annual $1 million fund. This year, 32 countries across 6 continents are taking part; only the most promising from each country will be selected as a global finalist for the chance to take part in an Accelerator Week programme and travel to the USA for Chivas The Venture final event in July 2017.

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 $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 $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 $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. To apply for Chivas The Venture or find out about the impact the competition is already making across the world visit www.theventure.com.


*Report: Redefining Success in a Changing World  One of the largest and most comprehensive independent reports of its kind on the growing relevance of social entrepreneurship around the world. The report was commissioned by Chivas Regal and co-authored by senior experts with significant experience in the field of social entrepreneurship from the Skoll Centre, Saïd Business School. Conducted with over 2,000 young professionals, 550 social entrepreneurs and business leaders from six major developed and emerging economies: Mexico, China, Brazil, UK, USA and South Africa

**YouGov Survey Total sample size was 11,349 adults. Fieldwork was undertaken between 03.05.16 and 16.05.16.  The survey was carried out online. The figures have been weighted and are representative of all adults from respective countries (aged 18+).

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