Ending Soon! Save 33% on All Access

A Chance to Win $50,000 and Mentorship From TOMS Founder Blake Mycoskie GOOD and TOMS are teaming up to help one lucky social entrepreneur turn her dream into a reality.

By Andrea Huspeni

TOMS Founder Blake Mycoskie

There are few social entrepreneurs more well-known than TOMS founder Blake Mycoskie. He wants to change that.

Kicking in $50,000 and his mentorship, Mycoskie has teamed up with global-community platform GOOD for the Start Something That Matters Challenge, which is named for the fund that's fronting the award.

Looking for the next change-maker, the contest is asking social entrepreneurs to submit their world-changing ideas by next Friday (May 17). To be considered, you must be a U.S. resident and focused on providing a solution with global impact. So far, the contest has received submissions from all different industries with some business ideas looking to make an impact with design, food and beverage, technology and fashion.

How do you stand out?

Related: Kidpreneur Maya Penn on Starting Up and Giving Back

"We're looking for submissions that are detailed, have the potential to be realized and convey plans for positive social impact," says CEO of GOOD Ben Goldhirsh. "We want to see how the business idea ties in with the social innovation idea and how the business can spur the movement, rather than vice versa."

After the submission deadline, a panel of judges will select the top finalists, which will be announced on the GOOD website. After that, a combination of community voting and another round of selection from the judges will determine who will receive the $50,000 check. Voting will begin on May 29 and run through June 12.

Teaming up with Mycoskie was a no brainer for GOOD. After being inspired by his 2011 book, Start Something That Matters (Spiegel & Grau, 2011), GOOD thought he would be the perfect fit for helping social entrepreneurs leverage their dreams. Plus, the Start Something That Matters Foundation selected GOOD as one of the first three recipients of a fund that Mycoskie set up using the proceeds from his 2011 best-selling book.

Related: 'Impact Entrepreneurship' Places Importance on Social Conscious

"Ben Goldhirsh and his team at GOOD have been great friends of the brand since the early days of TOMS. It only seemed natural to bring the Start Something That Matters Challenge to them and ignite their community and help inspire ideas to make a positive impact in the world," said Mycoskie

Think you have what it takes? Go ahead, start something that matters.

What good would you do with mentorship and financial backing from Blake Mycoskie?Tell us in the comments below.

Andrea Huspeni

Founder of This Dog's Life

Andrea Huspeni is the former special projects director at Entrepreneur.com and the founder of This Dog's Life.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Science & Technology

3 Major Mistakes Companies Are Making With AI That Is Limiting Their ROI

With so many competing narratives around the future of AI, it's no wonder companies are misaligned on the best approach for integrating it into their organizations.

Business News

He Picked Up a Lucky Penny In a Parking Lot. Moments Later, He Won $1 Million in the Lottery.

Tim Clougherty was in for a surprise when he scratched off his $10,000-a-month winning lottery ticket.

Business News

A University Awarded a Student $10,000 for His AI Tool — Then Suspended Him for Using It, According to a New Lawsuit

Emory University awarded the AI study aid the $10,000 grand prize in an entrepreneurial pitch competition last year.

Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

Leadership

How a $10,000 Investment in AI Transformed My Career and Business Strategy

A bold $10,000 investment in AI and machine learning education fundamentally transformed my career and business strategy. Here's how adaption in the ever-evolving realm of AI — with the right investment in education, personal growth and business innovation — can transform your business.

Business Culture

How to Foster a Strong Culture With a Remote or International Workforce

A strong culture requires an intentional approach when teams aren't in the office.