According to a definition by the Skoll Foundation, “social entrepreneurs pioneer innovative and systemic approaches for meeting the needs of the marginalized, the disadvantaged and the disenfranchised – populations that lack the financial means or political clout to achieve lasting benefit on their own.” It seems today the need for social entrepreneurs is greater than ever. Minnesota is a state that celebrates social entrepreneurship through this following opportunity.

This week’s pick: Applications for the 2009 Social Entrepreneurs’ Cup competition are now being accepted by Social Venture Partners Minnesota. The winner of this cup will receive $20,000 in a general operating support grant. They will also get 40 hours of technical assistance from Social Venture (which has a mission of promoting philanthropy and improving the lives of ‘at risk’ youth). Division Runner Up will receive a $5,000 general operating grant and twenty hours of consulting from Social Ventures Partners. Social Entrepreneur Division Honorable Mentions will receive a $1,500 general operating grant.

Here are the specific categories:

• Clean & Green
• Social Entrepreneur
• BioSciences
• High Tech
• General
• Student

The process is conducted in rounds with the first round accepting entries until May 22nd. For access to program details click here.