Type of Funding
The Kellogg-Morgan Stanley Sustainable Investing Challenge helps bring institutional investors and NGOs together to solve society’s greatest challenges. Graduate students from around the world are invited to take part in this Challenge, to form teams to propose innovative investment ideas and unique sustainable investment strategies to tackle the world’s most pressing challenges, and which will attract institutional investors who are seeking sustainable investment opportunities for their portfolios.
Teams of graduate students are invited to submit a prospectus outlining an innovative financial vehicle that addresses a sustainability challenge and meeting the requirements of an institutional investor (social operating enterprises are not applicable). Ten finalist teams will be selected and these finalists will present their proposals to a panel of judges at Morgan Stanley in Hong Kong on 12 April 2019. Pitches might focus on areas like water, energy, food, social mobility, climate change, education or healthcare, among others.
Some examples of potential institutional investors are: university endowments, retirement and pension funds, family foundations and family offices.
Overall First Place: US$10,000
Overall Runner-Up: US$5,000
Along with the overall first place prize money of US$10,000, the winning team will be invited to attend and present on a panel with Dave Chen, CEO and Principal of Equilibrium Capital and co-founder of the Challenge at the Milken Global Conference in Los Angeles.
Graduate students from around the world are to form teams of up to 4 members, all of whom must be enrolled in a graduate program at the time of the prospectus submission (but who can be from different graduate schools), and the team cannot include more than 1 member who is pursuing an Executive MBA. All ideas must be the original ideas of the team members. Each team is required to submit a 2-page prospectus outlining their proposal.
The proposal should attract institutional investors who are seeking: 1) both competitive returns and positive social and/or environmental impact 2) risk management commensurate with target returns 3) transparent performance metrics for both the financial and social return and 4) clear linkage between program outcomes and social impact.
The institutions are open to multiple asset classes, including but not limited to: private equity/venture capital; real assets; public equities; fixed income securities; and microfinance lending and investing. The Kellogg-Morgan Stanley Sustainable Investing Challenge is looking for innovative investment ideas that balance the tension between financial and social return rather than sacrifice either priority. There is no limitation on asset class or investment vehicle and teams are encouraged to think creatively. The focus is on investment vehicles and fund strategies versus companies.
Submissions are to be done online by 1 February 2019.