In 2014, EFI launched a competition to encourage the creativity, passion, and entrepreneurial aspirations of college students. Teams of three to five from participating universities were invited to present a business idea for a socially-responsible business. The grand prize awarded was capital-based funding of up to PHP 1 million (approx. 22,500 USD), aside from PHP 100,000 (approx. 2,250 USD) cash and a feature in Entrepreneur magazine, to the winning team. The competition is co-sponsored by Go Negosyo, SERDEF, the Asian Institute of Management, and a few influential media partners. The competition started in November 2014 with 40 teams and ended in February 2015 with one winning team (made up of two men and two women).