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Verb Spins Out of the University of Texas at Austin
Date:1/15/2014

Austin, Texas (PRWEB) January 15, 2014

•    Team formerly running the Dell Social Innovation Challenge (DSIC) at UT form new company, Verb

  •     DSIC was the largest student social entrepreneurship competition in the world with over 25,000 student entrepreneur participants from 100 countries and awarded over $800,000 in seed funding in seven years
  •     UT licenses DSIC to Verb
  •     Verb will operate entrepreneurship competitions with global corporations and foundations and expects to product five new competitions in 2014

A new social enterprise, Verb, has spun out of the LBJ School of Public Affairs at The University of Texas at Austin (UT). Verb operates massive global entrepreneurship competitions in partnership with conscious companies and foundations.

The company, which expects to produce at least five themed competitions in 2014, is focused on solving global problems by supporting early-stage social entrepreneurs with training, mentors and seed funding to grow their enterprises.

Verb evolved from the Dell Social Innovation Challenge program, which began in 2007 as the RGK Social Innovation Competition under the RGK Center for Philanthropy and Community Service at the LBJ School of Public Affairs. Following a sizeable grant from Dell, the competition was renamed the Dell Social Innovation Competition (DSIC) in 2009 and expanded to include students from around the world, bringing the program international recognition.

“The LBJ School and the RGK Center take great pride in having served as the incubator for this new venture,” said Robert Hutchings, D
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