Kolkata: The Tata group, today, announced the commencement of the Tata Social Enterprise Challenge 2016-17, a joint initiative with the Indian Institute of Management Calcutta (IIM-C) to find India’s most promising early-stage social enterprises. The endeavor of the challenge is to create an ecosystem for social entrepreneurship and encourage sustainable, scalable and measurable social impact.
Teams who either have an early stage venture (not older than 3 years) or a promising idea with a plan, that can create sustainable social impact in India, can submit their business plans online, by logging onto www.tatasechallenge.org. Impact Proposals (detailed Business Plans) are invited in the areas of agriculture, food and dairy, healthcare, water and sanitation, technology and development, education & skills development, housing, handicrafts, energy and microfinance/financial inclusion. The ventures will be judged on three parameters – Business Model, Social Impact and Sustainability.
The last day to submit the Impact Proposal (business plan) online is October 11, 2016. The Challenge also invites the general public to nominate, through the initiative’s website, social enterprises they know who fit the eligibility criteria.
Mr. Atul Agrawal, Sr. Vice President, Corporate Affairs, Tata Services says, “It gives me immense pleasure to announce the launch of the fifth edition of the Tata Social Enterprise Challenge, which has become a platform that encourages the incredibly enthusiastic population of our nation to thrive in the space of social entrepreneurship. Growing every year, the initiative has helped bring to the limelight social entrepreneurs, as well as, with expert partners, provided social start-ups an eco-system and mentoring about business techniques and private sector approaches to find solutions to social, cultural or environmental problems.”
Prof. Ashok Banerjee, Director IIM Calcutta Innovation Park says, “This year’s TSEC will be even bigger with encouraging participation of other partners who would like to see social entrepreneurship at its best. We are looking for, in this episode of TSEC, social enterprises who are ready to scale up and create impact at the national level. There are funding opportunities for deserving participants.”
Winners of last season:
HelpUsGreen® A Kanpur based social enterprise, preserves the rivers by flowercycling® the waste from the places of worship into bio-fertilizers and lifestyle products like incense and bathing soaps, among others, and in doing so also empowers women self-help groups.
Jeevtronics, a Pune based venture, was the 1st Runner-up. Jeevtronics is dedicated to designing and implementing affordable medical devices for underdeveloped and rural areas. It has patented a hand-cranked defibrillator – a life-saving device for heart patients – which has a built-in power generator that enables it to work in off-grid rural areas, mini ambulances and disaster relief camps, among others. The hand-crank generator requires 12 seconds to charge and comes at one-fourth the cost of the competition.
The 2nd Runner-up position saw a tie between two ventures, Hasiru Dala Innovations from Bengaluru and the student-led venture, Disease Diagnose Group from Boston, USA.
Hasiru Dala Innovations is committed to creating predictable livelihoods for waste pickers through providing total waste management, urban gardening services and products for sustainable living. The model is designed to enable a circular economy that enhances the lives, be it a waste picker or a resident, it touches. The venture is supporting waste pickers to collect from 10,000 households in the city. It has also, in collaboration with partners, created a unique certification course called Enhancing skills of small entrepreneurs in the recycling industry.
The joint 2nd Runner-Up venture, Disease Diagnose Group (DDG), has developed a hand-held malaria detector called Rapid Assessment of Malaria (RAM). Out of every 1000 malaria infections, only 500 fevers are identified, 250 tests are performed and only 125 diagnoses are accurate. This device, called RAM for short, detects a magnetic substance that malaria parasites release when digesting red blood cells thus providing a faster and more accurate diagnostic test than those used currently, and at a much lower cost. The device is reusable, mechanical, fast and sensitive, and the technology is clinically approved.
Some of the qualifying ventures of the Tata Social Enterprise Challenge, which have been incubated at the IIM Calcutta Innovation Park (IIMCIP) are: Doctors For You, SwitchON-ONergy, Edwell Solutions, Bodhi Health Education and Ultrasafe Ultrasound.
Since 2014, the initiative has adopted a more comprehensive approach to expand its reach and impact. The campaign, R.A.C.E (RoundtablesAwarenessChallengeEngage), has been introduced to engage with a greater number of stakeholders in a more sustained and integrated manner. The campaign brings together social entrepreneurs, venture capitalists and members from the academia, industry and
business from across the country through:
Roundtables: The first “Thinking Social” roundtable for the year was organised under the aegis of Tata Social Enterprise Challenge 2016-17, by IIM Calcutta Innovation Park (IIMCIP) in association with the Tata group, on the same day at Fortune Park JP Celestial Hotel, Bengaluru, on the topic of ‘Providing Affordable Healthcare’.
Special ‘Think Social’ Roundtables are being organised in select cities to invite, interact and build bridges with active players, decision makers and influencers representing the key stakeholder groups who have an important role to play in the Indian social entrepreneurship eco-system.
Awareness: This exercise aims at building awareness, interest and desire to engage with the social enterprise ecosystem among graduate & post-graduate students who are about to begin their careers through seminars across five cities and key note lectures at IIM Calcutta.
Challenge: The national level Tata Social Enterprise Challenge is in its fifth year now.
Engage: This exercise encapsulates creating and disseminating knowledge about the status of Social Entrepreneurship in India through interactive digital & social media platforms such as the Tata Social Enterprise Challenge website, Facebook page, Twitter handle, and YouTube videos, among others.
Tata Social Enterprise Challenge is a unique initiative, undertaken jointly by an educational institution and a business group, to promote the spirit of social entrepreneurship in India. Started in 2012, it has received about 700 entries till date. The initiative is being supported by some of the most prominent Venture Capitalists in the social entrepreneurship space.
For registration criteria and procedure, interested applicants can log onto www.tatasechallenge.org.
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