The Tata Group, in partnership with the Indian Institute of Management Calcutta (IIMC), has launched the ‘Tata Social Enterprise Challenge’, a quest to find India’s most promising 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, can submit their business plans online, by logging onto www.tatasechallenge.org. The applicants may or may not be Indian nationals; however, the social venture should be aimed at creating social impact in India. The ventures will be judged on three parameters – Business Model, Social Impact and Sustainability. There is no restriction on the business model, and it can be for-profit, not-for-profit or even hybrid, but it necessarily is required to demonstrate significant social impact through results or proof of concept. Impact Proposals (detailed Business Plans) are invited in the areas of education, health, agriculture, energy, technology, housing, handicrafts and microfinance, amongst others. The last day to submit the Impact Proposal online is January 20th, 2013.The challenge also invite
he Challenge will have three rounds.