U.Va. Darden School and Concordia Summit Create New Award to Highlight the World’s Best Public-Private Partnerships

Released: 2/4/2014 11:00 AM EST
Source Newsroom: University of Virginia Darden School Foundation
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Applications Now Being Accepted

Newswise — CHARLOTTESVILLE, Virginia — The University of Virginia Darden School of Business Institute for Business in Society and Concordia have created the P3 Impact Award to recognize and honor the leading public-private partnerships that are improving communities — and the world — in the most impactful ways.

For this award, a P3 refers to any cross-sector collaboration that features public, private, nongovernmental (NGO) or nonprofit organizations addressing societal problems.
Applications are now being accepted through 30 April 2014. At least one winner will be selected from an international pool of applicants in July. All applications will be reviewed by an independent panel of esteemed judges.

The P3 Impact Award will debut at the Concordia Summit 29-30 September 2014 in New York City. An outcome from the summit will be a publication that features leading practices and actionable insights from the top applicants. This report, released after the conference, will also be used to develop teaching cases and other materials that extend the impact and practical value of the content. Award winners will receive a full scholarship to attend a week-long Darden Executive Education course, international publicity and the opportunity to showcase their partnerships.

Applicants must meet the definition for a “public-private partnership,” which refers to any cross-sector collaboration that features public, private, NGO or nonprofit organizations addressing societal problems. Criteria and the application form can be found at the P3 Impact Award website.

Award Criteria:
• Strength of the cross-sector partnership
• Measurable impacts
• Economic and/or social benefits
• Improved service delivery
• Innovative features
• Financial effectiveness
• Scalability/replicability

The P3 Impact Award aims to raise awareness and develop content on impactful and leading practices in the P3 arena by highlighting the stories of top partnerships each year. The competition highlights leading practices, delivers practical learning and generates a database of information relevant to P3.

About the Darden School of Business
The University of Virginia Darden School of Business is one of the world's leading business schools, offering MBA, Ph.D. and Executive Education programs. The unique Darden experience combines the case study method, top-ranked faculty whose research advances global managerial practice and business education, and a tight-knit learning environment to develop responsible and complete leaders who are ready to make an impact.

About the Darden Institute for Business in Society
The Darden Institute for Business in Society (IBiS) aims to be a leading global catalyst and convener of thought, information and action at the interface of business and society, and to promote the development of leaders to positively impact society through their roles in business.

For questions or information, contact Matt Charles or a member of the Communication team.

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