Kellogg School of Management Awards Inaugural Social Entrepreneurship Prize
Two MBA students won $80,000 for a plan to bring healthy food to low-income communities as part of a new social entrepreneurship competition, the Kellogg School of Management announced this week.
Saloni Doshi ’12 and Chelsea Katz ’12 won the inaugural Kellogg Social Entrepreneurship Award from the Carol and Larry Levy Social Entrepreneurship Center, funds that will enable them to launch Fresh Takes Kitchen, a service they came up with to provide low-income families with wholesome food while also teaching them about nutrition. In addition to the award money, the students will also receive continuing support through the Levy Lab. In return, Doshi and Katz commit to working full time on the venture after graduation and sharing their progress and insights.
According to Jamie Jones, associate director of social enterprise at the school, Kellogg is the only business school to offer an award this large to both nonprofit and for-profit social enterprises. The inspiration for the Social Entrepreneurship Award was student Keita Suzuki ’09, who founded Kaien, an initiative to train high-functioning people with autism to work in software firms.
According to Jones, the award is influencing prospective applicants to Kellogg. “We have a growing number of students who are interested in using their business skills to create sustainable social change,” she said. “I have heard from prospective students who are excited about the award. They say it’s clear that Kellogg gets the importance of social enterprises, both nonprofit and for-profit.”
Doshi and Katz set a $150,000 funding goal for the first six months of their new venture, and the award puts them more than halfway there. They plan to launch in August, providing four to five meals a week to low-income individuals along with cooking demonstrations and educational sessions in partnership with other organizations.