Good news for social entrepreneurs as the 9th edition of TATA Social Enterprise Challenge is now becoming bigger and better. Start-ups can get seed funding of up to Rs 2.5 crores. Just spare a few minutes to take part in a life-time opportunity…
9th edition of TATA Social Enterprise Challenge (TSEC)
The TATA Group and IIM Calcutta have launched the 9th edition of TATA Social Enterprise Challenge (TSEC) with IIM Calcutta Innovation Park(IIMCIP) are the implementing partners.
The challenge aims to promote early-stage start-ups and find some of India’s most promising social enterprises. The challenge is accepting the entry of applications until 15 November this year. Interested social entrepreneurs can apply by clicking on ~ www.tatasechallenge.org.
Seed funding of Rs 2.5 crores
This year, apart from the cash reward of Rs 6 lakh, the winners have an opportunity to pitch to investors for a seed fund of up to Rs 2.5 crores. The winners of the competition would not only receive funding but also an opportunity to be incubated at IIM-C’s incubation centre.
Youth given importance
With an aim to raise awareness about social entrepreneurship, TSEC encourages the youth to step up to be the next generation of social entrepreneurs. It holds a series of seminars, lectures and round tables across India to bring together social entrepreneurs, venture capitalists and academics.
Working in different sectors
The challenge was started in 2012-13 with Impact Proposals being invited in the areas of agriculture, food and dairy, health care, water and sanitation, technology and development, education, housing, handicrafts, energy and microfinance / financial inclusion, among others.
Contest has 4 stages
The Contest has four stages starting with ‘Impact Proposal Round’ where teams will need to submit an ‘Impact Proposal’ through the website. Impact proposal is a detailed business plan format that has been developed to capture the needs and the impact created by any social venture. The impact proposals will be evaluated and top 20 teams from each region will be invited to pitch at the regional rounds. The four regional rounds will shortlist the top five teams from each region to pitch at the semifinal.
Finally, in ‘The Grand Finale’ the top teams will pitch before the panel of esteemed judges consisting of TATA business leaders, CEOs, impact investors, social entrepreneurs of repute and faculty of IIM Calcutta, vying for the top 3 positions.
Teams who have an existing venture or have an idea that can create sustainable social impact can apply in the challenge. Business plans for the competition will be invited for all sectors including Agriculture, Food and Dairy, Healthcare, Water and Sanitation, Technology and Development, Education, Housing, Handicrafts, Energy and Microfinance or Financial Inclusion.
In order to apply one needs to create his/her account, fill the Impact proposal (Application Form) and click on Submit. For any further queries one can write at: email@example.com
The challenge aims to create an ecosystem for social entrepreneurship, spread awareness and inspire the next generation to take up the challenge of solving socially-relevant issues faced today.
Keywords: TATA Social Enterprise Challenge, start-ups, chalgenius, IIM Calcutta Innovation Park
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