The Tata Group, in partnership with the Indian Institute of Management Calcutta (IIMC),has launched the ‘Tata Social Enterprise Challenge’, a quest to find India’s most promising social enterprises. The goal of the challenge is to create an ecosystem for social entrepreneurship and encourage sustainable, scalable and measurable social impact. Selected social entrepreneurs will be offered mentorship support, funding opportunities and an opportunity to be incubated at IIM Calcutta’s Incubation Centre
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 can submit their business plans online by logging onto http://www.tatasechallenge.org.
The applicants may or may not be Indian nationals; however, the social venture should be aimed at creating social impact in India. The ventures will be judged on three parameters - Business Model, Social Impact and Sustainability. There is no restriction on the business model, and it can be for-profit, not-for-profit or even hybrid, but it necessarily is required to demonstrate significant social impact through results or proof of concept. Impact
Proposals (detailed Business Plans) are invited in the areas of education, health, agriculture, energy, technology, housing, handicrafts and microfinance, amongst others. The last day to submit the Impact Proposal online is January 20th, 2013. The challenge also invites people to nominate, through the initiative’s website, social enterprises they know.
Please visit the website for more information.