The 3rd iDiya Challenge was launched on Saturday, 30th July 2011 at theIndianSchool of Business (ISB),Hyderabad. iDiya is ISB’s national social venture ideas competition that aims to be a launch-pad for high-impact and self-sustaining social businesses inIndia. Started in the year 2009, iDiya is targeted exclusively at working professionals and focuses on business ideas that create measurable social impact.
Actor Gul Panag and Shaheen Mistri, founder of Akanksha Foundation & Teach For India, were the distinguished guests who shared the stage with Ajit Ranganekar, Dean, ISB at the launch event. Both the speakers shared their respective experiences and connections on the grounds of Social entrepreneurship. Gul Panag, the former Miss India-Universe, has recently been working on her project Social Outreach Accreditation Program, better known as SoapOnline.in.
The launch event signaled the commencement of applications from teams across the country. After several rounds of selection and interviews, ten teams will be invited to the ISB campus for an intensive week long boot camp where industry experts, entrepreneurs and ISB faculty will train and coach them for challenges that they would face in bringing their ideas and ventures to realization.
There are cash prizes worth Rs. 3 lakhs for the winners and runners up of iDiya. The iDiya platform also brings with it key venture capitalists who have expressed willingness to seed in as much as Rs. 10 lakhs for ideas belonging to certain specific categories.
Participants will have to log on to www.isb.edu/idiya to register and submit their ideas. The registration and idea submission process is open from 1stAugust 2011 till 1st September 2011.
ISB (Hyderabad) was established in the year 2001. In 2008, it became the youngest institution to be ranked among the Top 20, in the Global B-school Rankings by the Financial Times,London, and since then has been ranked consistently among the top B-schools globally. The ISB is in the process of setting up its second campus in Mohali, Punjab, which will also have specialist institutes for promoting research and education in areas critical toIndia’s development. The Mohali campus is slated to be operational from April 2012.