Tata Social Enterprise Challenge is back in its quest to find social innovators – ThePrint
Calcutta (West Bengal) [India], Dec 3 (ANI / BusinessWire India): The highly anticipated Tata Social Enterprise Challenge 2021-22 returns with its 10th edition to find India’s most promising early stage social innovators.
Hosted by the Tata Group and the Indian Institute of Management (IIM Calcutta), this edition of the Tata Social Enterprise Challenge will focus on identifying the âsocial entrepreneursâ who are working to make the world a better place.
The challenge, which started as an annual event in 2012, provides a platform to identify social entrepreneurs and empower them to create sustainable, scalable and measurable social impact. Since its inception, the platform has seen an overwhelming response with the participation of over 5,000 social innovators.
This challenge is open to teams who either have an early stage business (no more than three years old) or a promising idea with a plan that can create lasting social impact in India. They can submit their business plans online, by logging into www.tatasechallenge.org.
Impact proposals (detailed business plans) are solicited in the areas of agriculture, food and dairy, health, water and sanitation, technology and development, education and skills development, housing, crafts, energy and microfinance / financial inclusion. Companies will be judged on three parameters: business model, social impact and sustainability.
The Challenge invites the public to nominate social enterprises that they know and that meet the eligibility criteria. The last day to submit impact proposals online is December 16, 2021.
Through this challenge, the selected social entrepreneurs will be offered mentoring support, funding opportunities and an opportunity to present an incubation at the IIM Innovation Park in Calcutta. Start-ups selected for incubation will also be eligible for pro bono services offered by partner companies, amounting to Rs. 30 Lakhs in total.
This year, a campus ambassador initiative is launched as part of the global Tata SE Challenge program. Thanks to this initiative, ambassadors will be appointed from selected campuses, in order to raise awareness and interest the student community in social entrepreneurship. The best ambassadors will be rewarded during the Grand Finale Summit of the Tata SE Challenge.
Harish Bhat, Brand Custodian, Tata Sons, said: âThe Tata Social Enterprise Challenge has constantly strived to promote and develop social enterprises and social investments to help solve entrenched social issues and bring about positive change in our communities. We remain unwavering in our efforts to empower budding social entrepreneurs, who wish to bring transformative change to society. “
Dr Subhrangshu Sanyal, CEO of IIM Calcutta Innovation Park, said, âThe Tata Social Enterprise Challenge is an excellent platform to inspire and support aspiring social innovators to embrace entrepreneurship as a career option, as well as to provide much needed visibility and incubation. , funding and networking support for start-up social entrepreneurs. We are excited about the huge potential that social entrepreneurs hold to create impact across the country – something India needs today. “
The Tata Social Enterprise Challenge is supported by some of the largest venture capitalists in the social entrepreneurship space and takes place in five stages.
1. Application Cycle – During this cycle, teams must submit impact proposals through the challenge website. The 100 best impact proposals are selected for the next round.
2. Regional Tours – The launching tours are organized in 5 regions of the country for the top 100 teams shortlisted in the application round. The top 20 teams are selected for the semi-final.
3. International Tour – An exclusive pitch session is organized for the international teams participating in the Challenge, from which the 4 best teams are selected for the semi-finals.
4. Semi-final – The top 24 teams selected from regional and international rounds are invited to appear before a panel of esteemed judges from the entrepreneurship ecosystem. The top 12 teams are selected for the next round.
5. The Grand Final – The 12 teams selected from the semi-final advance to the Grand Final and present themselves before a panel of esteemed judges, made up of TATA business leaders, VC CEOs / founders, entrepreneurs. social workers and professors from IIM Calcutta.
As part of the preparation of the Challenge, several webinars were organized on various themes related to social entrepreneurship to encourage young people to adopt social entrepreneurship as a career option.
The challenge also leverages interactive social and digital media platforms such as the Tata Social Enterprise Challenge website (www.tatasechallenge.org), Facebook, Twitter and YouTube to create and disseminate knowledge on the status of entrepreneurship. social in India.
For the criteria and the registration procedure, interested candidates can log on to www.tatasechallenge.org.
This story is provided by BusinessWire India. ANI will not be responsible for the content of this article in any way. (ANI / BusinessWire India)
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