17 January, 2015
Tata Social Enterprise Challenge 2014-15 kicked-off on August 25, 2014 and invited social entrepreneurs who either had an early stage venture (not older than three years) or a promising idea with a plan that could create sustainable social impact in India. Impact proposals (detailed business plans) were invited in the areas of education, health, agriculture, technology, sanitation, and handicrafts, among others.
These proposals were to be judged on three parameters – business model, social impact and sustainability. The last day to submit them online was November 15, 2014.
All the top 20 teams which were selected were mentored by Ashoka Innovators for the Public and Villgro, and the IIM Calcutta faculty. The social VC partners of the initiative were Acumen, Ankur Capital, Yunus Social Business and Ennovent. The teams also had an opportunity to network with mentors, experts and fellow social entrepreneurs.
The ceremony featured special talks by M Anshu Gupta, Founder Goonj, Dr SP Gon Chaudhuri, founder of India’s first renewable energy college – NB Institute for Rural Development (NBIRT), Dr Sabahat Azim, Founder Glocal and Dr NS Rajan, Member – Group Executive Council and Chief Group Human Resources Officer, Tata Sons.
The winners of the contest were announced during the grand finale which was held on 17 January 2015 at the IIM Calcutta campus. SAANS from Bangalore (Winner), Godavari Women Weaver’s Services Producer Company (GWWSPC) from Mandapeta, Andhra Pradesh (first runners-up) and Ultrasafe Ultrasound from Kolkata (second runners-up) emerged as the top three most promising social ventures, winning prize money of Rs 2 lakhs, Rs 1.5 lakhs and Rs 1.25 lakhs, respectively.
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