OREANDA-NEWS. UpPrize, the BNY Mellon Social Innovation Challenge, has selected
eight finalists, who will pitch their ideas to a panel of
nationally-recognized judges for an opportunity to win \\$800,000 in a competition that will ultimately award \\$1 million
in grants, investments and technical assistance as part of BNY Mellon's
strategic effort to address critical community and societal issues.
UpPrize is a unique partnership between BNY Mellon, the BNY Mellon
Foundation of Southwestern Pennsylvania and The Forbes Funds.
The public is invited to attend the UpPrize finale event, Friday, July 31
at the New Hazlett Theater where the finalists will pitch their ideas.
"UpPrize,
our social innovation challenge, is designed to harness the creativity
and passion of local innovators to address the most pressing issues in
the nonprofit community by providing innovative financing and support
that delivers both social and financial returns," said Kenya Boswell,
president, BNY Mellon Foundation of Southwestern PA. "This hybrid
approach to community investment and innovation enables us to support
creative and impactful solutions for nonprofits that address pressing
societal challenges."
"Beyond the direct support provided to its
local communities, BNY Mellon has a long history of collaborating with
nonprofits and philanthropic organizations to advance innovative
approaches that deliver positive change," said Ian Stewart, chairman, BNY Mellon of Pennsylvania. "UpPrize exemplifies and spotlights the deep well of innovation, creativity and collaboration in the Pittsburgh region."
"By
combining the efforts of entrepreneurs and nonprofits, as in UpPrize,
we will be better able to meet the needs of our community," said Kate Dewey,
president, The Forbes Funds. "The UpPrize finalists are tackling
important problems including hunger, accessibility, human trafficking,
and health, and creating products to improve how nonprofits service and
enhance the quality of life for their clients."
BNY Mellon is a global investments company dedicated to helping its
clients manage and service their financial assets throughout the
investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon delivers
informed investment management and investment services in 35 countries
and more than 100 markets. As of March 31, 2015, BNY Mellon had \$28.5 trillion in assets under custody and/or administration, and \$1.7 trillion
in assets under management. BNY Mellon can act as a single point of
contact for clients looking to create, trade, hold, manage, service,
distribute or restructure investments. BNY Mellon is the corporate brand
of The Bank of New York Mellon Corporation (NYSE: BK).
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