About the Challenge
The Kellogg-Morgan Stanley Sustainable Investing Challenge harnesses the power of capital markets and student creativity to create positive impact in a world of perpetual resource scarcity and continued population growth. Every year, the Kellogg School of Management and Morgan Stanley partner to host the challenge where teams of graduate students from around the globe develop and pitch creative financial approaches to tackle our world’s most pressing challenges.
Contestants must propose and defend a strategy that uses finance and investment tools rather than an operating enterprise to address an environmental or societal challenge. The competition is an opportunity to apply core finance principles to target the economic, social and environmental challenges that drive the field of sustainable investing.
Graduate students from around the world are invited to participate in the Kellogg-Morgan Stanley Sustainable Investing Challenge. Teams are limited to a maximum of four members, all of whom must be enrolled in a graduate program at the time of the prospectus submission, and the team cannot include more than one member who is pursuing an Executive MBA. A team may include members from different graduate schools.
Teams of graduate students are invited to submit a two-page prospectus in February that outlines an innovative financial vehicle that addresses a sustainability challenge and meets the requirements of an institutional investor (social operating enterprises are not applicable). Each prospectus should appropriately address the guidelines provided. Ten finalist teams will be selected from the pool of submissions and announced by March. Finalists will present their proposals to a panel of judges at Morgan Stanley in Hong Kong on April 12, 2019. A panel of experts from some of the world’s leading financial and impact investing institutions will review and judge the pitches.
Prospectus Required Elements
- Investment thesis
- Target geography
- Size of addressable market
- Estimate of scalability
- Risk factors
- Diagram of fund or instrument
- Asset class and capital structure
- Fees and incentives
- Target investor pool(s)
- Fund size
- Investment size and investment criteria
- Due diligence process
- Returns and cash flows (If instrument requires concessionary returns, proposed migration path to achieving market rate returns)
- Time horizon
- Environmental or social impact
- Metrics for social impact
Note: Remove all identifying student name and school information from the prospectus before submission.
To submit, click here.
$15,000 (approx. Rs. 10.6 L) in prizes will be awarded to the winning teams. Awards will be made for the overall quality of the proposals based on the judging criteria.
- Overall First Place: $10,000 (approx. Rs. 7 L)
- Overall Runner-Up: $5,000 (approx. Rs. 3.5 L)
Along with the overall first place prize money of $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.
- Deadline to request mentor: Jan 18, 2019
- Prospectus Submissions Due: Feb 01, 2019
- Finalists Announced: Feb 25, 2019
- Finals Event: Apr 12, 2019
To contact, click here.