In 2014, Cornerstone Capital Group, in partnership with UN PRIME and RobecoSAM launched 'Sustainable Games: The Business Model Challenge' to offer university students the opportunity to use the array of technology around them to build a global team whose members will create the innovative business models that have the potential to drive global environmental, social, and governance (ESG) progress well into the future.
Each business model will be based on a selection from Cornerstone's proprietary 'Sustainable Domain Bank,' containing more than 2,000 domain names which are each an articulation of potential business models, principles and practices. The business models must align with Cornerstone's vision for a more regenerative and inclusive form of capitalism, and should reflect a value inherent in the systematic understanding of today's ESG imperatives. Finalists will present before a panel of judges (comprised of Cornerstone Global Advisory Council, Staff and Sponsor Representatives) at an exclusive Cornerstone event attended by leading industry experts from around the world. The winning team(s) will receive a monetary reward that can be applied towards launching their business model, as well as a domain name to launch.
Each team will be comprised of students located in different countries and universities in order to foster diversified thinking, better collaboration, enhance global perspectives, and ultimately allow for the creation of innovative solutions to today's global issues. Teams will communicate and build their business models using video chat, document sharing, and other available tools that allow teams to work together without physically being in the same location. Finalists will meet in person at Cornerstone's exclusive event where they present their business models. Team finalists will be paired with a mentor from Cornerstone's Global Advisory Council or Sponsor Representatives. One finalist spot will be designate by a 'Peer Vote,' where students from around the world will have the opportunity to vote for their favorite business model.
PRME will be responsible for the Competition's Global University Outreach and coordinate with local universities for all local logistics. RobecoSAM will provide team finalists with valuable guidance in a mentorship capacity to encourage driving sustainable investment practices, and will also help fund and market The Business Model Challenge.
10/2014 - Select Host Universities
Fall/2014 - Launch Global Marketing Campaign
12/2014 - Launch 'Sustainable Games' Official Website
1/2015 - Open Competition
2/2015 - Team Notifications Begin
6/2015 - All Team Submissions Due
Summer/2015 - Finalists Selected and Paired with Mentors
Fall/2015 - Finalists Compete in NYC at Cornerstone Event
Today, the global economy faces extraordinary challenges. We face daunting situations in diplomacy, human rights, infrastructure, education and healthcare, climate science, demographics, business ethics and finance. To make progress on the major issues of our day, we must have multiple parallel processes and initiatives that allow for an ultimate convergence to a better path. We must have systems, companies, colleagues and leaders with the capacity to 'Embrace the Grey' and a means to applaud, stimulate, and reward incremental progress.
Progress, however, can only be made when the capital required to fund such evolutionary endeavors is readily available. At Cornerstone Capital Group, we believe that the critical role of finance and banking must be recognized, restored, and facilitated. This requires a concerted effort to drive greater transparency and collaboration across all functions of the capital markets.
Given the global societal imperatives we face, we must ensure that our future leaders embrace a form of capitalism that is transparent, creative, diverse and well governed. A business model competition based on global sustainability issues will give students, our future leaders, a chance to think creatively, collaborate globally, and collectively shape the businesses of tomorrow.
Seeking Technology or Media Partner: Responsible for building the competition website and mobile application(s), and also responsible for contributing funding to The Business Model Challenge. Also seeking Financial Services Partners: Focused on traditional and sustainable investments in the capital markets. Responsible for contributing funding to The Business Model Challenge.
Participating firms will play a role in influencing and building the next generation of business leaders. Opportunity to highlight the importance of sustainable initiatives within their organization. Opportunity to market their efforts
around the world in collaboration with top global firms who value environmental, social, and governance principles as integral parts of their culture and operations.