South Asia: A Hub For Social Entrepreneurship. There are hubs for social entrepreneurship around the world—from San Francisco to the United Kingdom to Nairobi to Mexico City. No one can deny that India has rapidly become a leader in social innovation, rapidly harnessing the momentum in the sector and developing an ecosystem that is supporting social entrepreneurs with incubators, mentoring, and financing. In an April 2012 study of the social entrepreneurship landscape in India, Intellecap, a leading consulting company in the space, found that the sector has really taken off since 2005. While it is a young industry, existing social enterprises are working aggressively to secure funding to scale operations to bottom of the pyramid customers.
Nearly one in three is in a growth stage, with the most dramatic increases for companies focusing on energy and agriculture-related solutions. The annual Sankalp Forum brings together the who’s who of social innovation and impact investing in South Asia like no other conference in the region. Eligibility and Process – How to Apply | dasra.org. Eligibility Dasra Social-Impact is for organizations that are committed to scaling their impact.
We strongly encourage applications from CEOs or senior decision-makers from organizations that meet the following eligibility criteria: Legally registered as an organization and operates as a social enterprise (for profit, non-profit or hybrid model) in India Operating for at least 1 year Belief that the organization has the potential to be at least 10 times its current size within 5 years, CEO and management team open to receiving management support Participating team member can speak and write English and have basic computer skills CEO or senior decision-maker can commit to three week long residential workshops and at least an additional 10 hours per month, for nine months to complete the course Selection Process A selection committee will review all the applications and contact shortlisted organizations starting in the first week of June.
The course fee per participant is INR 4 Lakhs. Launchpad for social entrepreneurs in India | UnLtd India. Social Innovation Initiative | Grants. ***Social Entrepreneurship in India « Humanity Watchdog. The major boost in social entrepreneurship was given by the Nobel Prize winner Dr. Mohammad Yunus when his brain-child Grameen bank became successful in helping people lift themselves out of poverty in rural Bangladesh by providing them with credit without requiring collateral.
Yunus developed his revolutionary micro-credit system with the belief that it would be a cost-effective and scalable weapon to fight poverty. It was soon realized that profits can be made along with serving the society, provided you treat profits as a means and not the end result. The impact of such enterprise largely depend on its successful implementation to those that need it the most, those at the Bottom of the Pyramid.
And of course a discussion about the BOP wouldn’t be complete without mention of India; where hundreds of millions critically need a compelling movement in social entrepreneurship to improve their welfare. Fast company in their March 2010 listed “top 10 by Industry”. Funds Currently available: Small Scale Sustainable Infrastructure Development Fund. Social Enterprise Magic Bus | seMagicBus. Ashoka - Innovators for the Public. Rang De - Make a social investment today. Milaap. Milaap is an online fund-raising platform that enables people around the world to fund and impact communities in need of basic facilities in India.
Based in Bangalore, India, with its headquarters in Singapore, Milaap claims that it is the world's first[1] online microlending platform that enabled non-Indians and non-resident Indians (NRIs) to make loans to India. Milaap's loans give people access to basic needs like clean drinking water, sanitation and renewable energy, as well as skills development via vocational training which leads to jobs with steady income. Microcredit, traditionally aimed at entrepreneurs, tends to have high interest rates because Microfinance institutions (MFIs) that fund these loans borrow from banks at high interest rates.
Besides, loans for basic necessities like sanitation, drinking water and vocational training are not easily available as they need to be at low interest rates. Lending[edit] Origin[edit] Field partners[edit] Awards and honours[edit]