Frequently Asked Questions
Unlike traditional business entrepreneurs, social entrepreneurs primarily seek to generate "social value" rather than profits. And unlike the majority of non-profit organizations, their work is targeted not only towards immediate, small-scale effects, but sweeping, long-term change. This revolution is fundamentally changing the way society organizes itself and the way we approach social problems.
They are individuals with innovative solutions to society's social problems. They are ambitious and persistent, tackling social issues and offering new ideas for change.
The projects will impact the community in a variety of ways and may be in the form of a nonprofit or a for profit enterprise.
No, ideas may lead to new social enterprises, innovative new civic programs, or innovative initiatives that transform and reenergize existing community programs.
I don't really have an idea but I would like to make a difference, can I participate in the Levitt Challenge?
Students may implement an idea of their own or they may collaborate with another student on their idea, or work with a community agency or company on one of their ideas.
The program is open to students from any school of UMKC.
Students may work alone or in teams. At times there are students interested in making a difference but they do not have an idea of their own. They are available to work on other students projects.
There is not a monetary reward. The initiative's focus is to support students as they learn and carry out an innovative socially-entrepreneurial project. Initiatives that are determined to be especially feasible will receive in-kind support from the Midwest Center for Nonprofit Leadership, and work with coaches, mentors, and experts to refine and implement their social venture over the next year.
No, the workshops are very helpful in putting together your business plan and we highly recommend taking them, but they are not required.