Hello friends,
Thanks for a good response to my earlier article on "Social Entrepreneurs of India and a free online course on social entrepreneurship"
You may click above or paste following link in your browser to read it
Following IDiya official video is self explanatory to all, even those who do not know what is a social entrepreneurship
This is next step ahead of the same.
Do you have a social enterprise/ a business which can change people's life, which can improve their livelihood?
You might have an excellent and viable social business idea, however, you do not have fund. You are finding it extremely difficult to pitch this to investor. Then you have an opportunity to showcase your entrepreneurial idea and making dream come true.
The prestigious, Indian school of Business (IBS), Hyderabad has announced 7th edition of iDiya - a social venture competition.
Deadlines: July 17, August 16, 2015
What is iDiya
iDiya is ISB's national Social Venture Ideas Competition. It was conceived in 2009 at the Indian School of Business by the Net Impact Club of ISB. Within six years, iDiya has come up as a promising platform for dynamic entrepreneurs with a social bent, from around the world to showcase their ideas to enthusiastic partners. Our social entrepreneurs are put through a rigorous 5-day boot camp that helps them grasp the foundation of a great business while interacting with various partners who guide them. These partners not only mentor the entrepreneurs during the boot camp held at ISB but also help them with the one resource most entrepreneurs feel holds them back in making their idea big – Funds.
Who are eligible to participate?
1. Anyone who has completed academic and working in a social venture, which is in existence for last six months but less than 5 years.
2. NRIs meeting above criteria
3. At lest team size of two
4. The social venture mentioned above must be legally in existence i.e. a company or an LLP or any form of a legal incorporation (trust, NGO, Cooperative society etc,)
Who are eligible to participate?
1. Anyone who has completed academic and working in a social venture, which is in existence for last six months but less than 5 years.
2. NRIs meeting above criteria
3. At lest team size of two
4. The social venture mentioned above must be legally in existence i.e. a company or an LLP or any form of a legal incorporation (trust, NGO, Cooperative society etc,)
Who are these partners for iDiya?
There were 7 venture capitalist partners last year. They were:
1. Bharati Foundation
2. EdelGive Foundation
3. Gujarat Venture Finance Ltd (GVFL)
4. IMPACT LAW VENTURES
5. UnLtd India
6. Upaya Social Ventures
7. Venture East
What’s it about?
iDiya’s main objectives are:
- Encourage innovation and entrepreneurship in the social space
- Be a platform for showcasing commercially viable, self-sustaining social business ideas in India
- Provide mentoring, access to incubation and angel funds to convert the ideas into reality
How do we do that?
iDiya is targeted at professionals in India working in teams of 2 to 4 individuals. Teams submit an executive summary of their business ideas and plans, which are evaluated by student evaluators, faculty, investors and social VCs and social entrepreneurs. Submissions are evaluated on various parameters, including measurable social impact, the social need being addressed and sustainability of the enterprise.
Winners are invited to ISB for an intensive five day boot camp where industry experts, ISB faculty and local and national entrepreneurs help them train for challenges they would face in bringing their ideas and ventures to realization. Teams are interfaced with potential investors and are matched with entrepreneurs and organizations that will mentor them for a certain period post-boot camp.
Okay, so why participate?
The 6th iDiya Challenge was a huge success, with 125 teams submitting their ideas and 10 winners invited to the boot camp. The 7th ISB iDiya challenge promises to be only bigger and better in every way.
Apart from giving you a platform to showcase your idea, participating in the ISB iDiya Challenge will also help you identify possible avenues for ensuring your vision takes shape.
If your idea manages to convince the jury of its potential, and you are invited to the boot camp, you would be entitled to:
- A five day all-expenses* paid boot camp for the top 10 teams where you will meet industry leaders, venture capitalists and business mentors
- Top 10 teams will receive mentoring support after the competition. The mentoring board comprises of high-profile businessmen and organizations which will help you commercialize your idea.
In addition to the above we offer:
- Assured mentoring from industry experts in round 2 of the competition
- A place on the iDiya website for the top 20 participants.
- Cash rewards:
- 1st Place – Rs.2,00,000
- 2nd Place – Rs.1,25,000
- 3rd Place – Rs.75,000
- A short feedback to the top 50 participants on their idea
Convinced! How to participate?
Step 1: Register on the website by signing up.
Step 2: Login with the credentials provided and submit the business ideas by uploading in the template that is sent during the registration process.
Step 3: You will then be taken to an online gateway where you can pay Rs. 2,500/-(INR) application fee via credit card or net banking.
- Ensure that your browser’s popup blocker is disabled.
- After entering your credit card/net banking details, please wait for the payment successful page to show up. If this page does not display, your card/bank account will not be charged.
sounds interesting. This investment of Rs. 2500 is worth. Apply and all the best
Govind
Mumbai
August 05, 2015