The Tata group announced the commencement of the Tata Social Enterprise Challenge 2015-16, 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 on to 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, a company press reelease issued here on Monday stated.
The last day to submit the Impact Proposal (business plan) online is October 7, 2015. The Challenge also invites the general public to nominate, through the initiative’s website, social enterprises they know who fit the eligibility criteria.
Atul Agrawal, Vice President, Corporate Affairs, Tata Services said,“We are pleased to launch the fourth edition of the Tata Social Enterprise Challenge, which has become a unique initiative in the social entrepreneurship space.”
“Through its multiple platforms,– regional seminars, roundtables and online resources – the initiative aims to promote the ethos of giving back to society. The enthusiastic response received has motivated us to expand the initiative continuously in order to encourage enterprising minds in their journey of creating positive social impact,” he added.