SOURCE: S.E.VEN Fund

March 27, 2008 09:00 ET

S.E.VEN Fund Announces Second Annual Essay Competition

Winning Essays Will Be Presented Directly to Rwandan President Paul Kagame

CAMBRIDGE, MA--(Marketwire - March 27, 2008) - The Social Equity Venture Fund -- S.E.VEN -- (www.sevenfund.org), today announced its 2008-2009 Student Essay Competition. The competition will award one undergraduate student prize of $10,000 and a graduate student prize of $20,000. In addition to the monetary award, S.E.VEN will present the winning essays to His Excellency, President Paul Kagame of Rwanda. The submission deadline is December 7, 2008 and the winners will be announced on February 7, 2009.

"This competition invites applicants to challenge existing mindsets and approach policy with enterprise-based solutions," said Andreas Widmer, co-founder of the S.E.VEN Fund. "S.E.VEN Fund is helping to change the way society encourages private-sector innovation in developing nations."

The essay requires students to view the video of President Kagame discussing his vision for an entrepreneurial Rwanda, available at www.sevenfund.org/essayresources.html. Students are then asked to write a 2,000 word essay with policy recommendations that puts President Kagame's vision into practice. The essay should address specific policy recommendations in some or all of the following areas: monetary policy, fiscal policy, direct foreign investment policy, trade policy, sectoral policy, and wage policy. The winning essays may also be published in selected magazines and publications. This is the second annual essay competition, and S.E.VEN intends to offer this competition annually. For more information and full details on the competition visit http://www.sevenfund.org/press-release-mar-2008-essay-competition.html.

For additional information about S.E.VEN Fund and to view other contests, projects, and winners, please visit www.sevenfund.org.

These competitions were funded through a generous grant from the John Templeton Foundation.

About the S.E.VEN Fund

S.E.VEN (Social Equity Venture Fund -- www.sevenfund.org) is a virtual non-profit entity run by entrepreneurs Michael Fairbanks and Andreas Widmer whose strategy is to markedly increase the rate of diffusion of enterprise-based solutions to poverty. We do this by targeted investment that fosters thought leadership through books, films and websites; supporting role models -- whether they are entrepreneurs or innovative firms -- in developing nations; and shaping a new discourse in government, the press and the academy around private-sector innovation, prosperity and progressive human values.

About the John Templeton Foundation

The John Templeton Foundation (www.templeton.org) serves as a philanthropic catalyst for discovery in the areas engaging life's biggest questions. These questions range from explorations into the laws of nature and the universe to questions on the nature of love, gratitude, forgiveness and creativity.

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