The Social Impact Scholars is looking to provide consulting services to small businesses who positively impact their communities. SIS companies are for-profit enterprises that typically address at least one of the Sustainable Development Goals (SDG’s) in their mission statement (or would like to).

Eligibility Requirements

We are looking to consult with SME’s who fit one or more of these categories:

  • Are interested in certifying as a B-corporation
  • Want to improve the communication around their societal impact
  • Find value in a stakeholder analysis / stakeholder audit conducted from outsider’s [college student’s] perspective
  • Can learn from the “student perspective” on a particular issue
  • Have datasets or information that undergraduate students can analyze

Ultimately, the projects our students take on should lead to recommendations that strategically help your business make greater impact.

Student Engagements Workflow

The student consultants work virtually off-site in “pods.” On average, these students meet 2-3 times a week and will check in with you 2-3 times a month (or perhaps more often, if needed). Typically, the meetings, check-ins, and interviews are conducted virtually or on the phone.

Of course, you are welcome to interact with the students as much as you’d like!

The students are managed and mentored by a number of individuals, including a Team Lead (who has received Management Skills training), mentors in the business world (typically NYU alumni), and Brian Hanssen, Executive Director of the Social Impact Scholars and Clinical Professor of Business at New York University.

Time Commitment

This is a summer program. Students are in training from May 15th to the beginning of June. After that, the engagement will last approximately two months (June – July). All projects are expected to finish up by early August and final presentations must be delivered before the end of the summer.

Remember, our students do not work on-site with you. The best projects have clear deadlines and benchmarks throughout the engagement with scheduled check-ins to ensure proper completion.

The Final Deliverable

Our final presentation to you will vary, but typically it includes a detailed document outlining our process, methodology, research, and results as well as a PowerPoint presentation discussing high level takeaways

Current Consulting Projects

Here is just a sample of the projects we are working on this summer:

  • Researching for a company using blockchain technology to create a community of funders in emerging economies
  • Investigating new opportunities for a company that empowers women entrepreneurs
  • Conducting a market analysis for an educational services company to better target their services
  • Strategizing with an impact investing firm to grow its investor base
  • Understanding new product opportunities for an aquaponics lab
  • Collaborating with a social impact design consulting company to increase their reach
  • Working with a clothing company focused on reducing waste and overreliance on plastics

Why is this free for my business?

First and foremost, our student engagements are meant to be learning experiences for students interested in understanding more about how for-profit business can positively impact society. Students gain valuable experience and get to put their learning into practice by working with you! Of course, we are dedicated to putting out a professional, useful work product that ultimately allows you to make greater societal impact. We stay lean and rely on amazing donors to defray costs.

How can I ensure my intellectual property is protected?

You control the flow of information in ways that are right for your firm as well as the project, eliminating many privacy issues. All involved parties, including mentors, always sign a non-disclosure agreement.

If I am happy with the engagement, can I make a donation?

Yes! Your donation is always appreciated.

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