India’s Most Promising Social Enterprises Recognised and Rewarded at Tata Social Enterprise Challenge 2014-15

The winners of the Tata Social Enterprise Challenge 2014-15 (TSEC), a joint initiative of the Tata group and Indian Institute of Management Calcutta (IIMC), were announced during the grand finale held on December 17, 2015, at the IIM Calcutta campus. The challenge endeavours to find India’s most promising early-stage social enterprises, and create an ecosystem for social entrepreneurship – encouraging sustainable, scalable and measurable social impact.

SAANS from Bangalore (Winner), Godavari Women Weaver’s Services Producer Company (GWWSPC) from Mandapeta, Andhra Pradesh (1^st Runners-up) and Ultrasafe Ultrasound from Kolkata (2^nd 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. In a first, during the grand finale ceremony, the 2nd Runners-up team, Ultrasafe Ultra Sound, received on-the-spot seed funding Rs. 500,000 plus technical support by Glocal Healthcare Systems (P) Ltd., a West Bengal based healthcare company.

Khalid Abdullah Quidwai, the winner of the Tata Social Enterprise Challenge 2014-15 has developed SAANS, a low cost and easy to use mechanical device to help keep the lungs of newborns open during troubled breathing. Exhilarated with his win Khalid said, “Tata Social Enterprise Challenge is a great platform to showcase our venture and what we are working for. Getting our concept validated in front of esteemed judges is great motivation for us.”

Vijayan Switha Gandhi, founder of GWWSPC, who was declared as the 1st Runner-up, has developed a business model to strengthen the weaver base by collectivisation and integrating the entire value chain involved in the handloom process. Explaining further, she said, “When I started my work, I got support from Sir Ratan Tata Trust, and since then it has been a long and difficult but fruitful journey. Today, my journey has come to a full circle. I stand here receiving recognition on a Tata platform for a model, created by my team, the seed for which was a grant from Tata’s. I feel very happy and motivated.”

Rewards:

Mentorship

Maximum of 20 teams were selected for semi-finals and were provided a 4 week mentorship support including 2 days at IIM Calcutta campus.

Funding Opportunity

All teams shortlisted for the semi-finals and finals were given an opportunity to pitch to India’s largest social VCs for seed funding.

Incubation

The top 20 teams will be given an opportunity to pitch for incubation at IIM Calcutta.

Cash Awards

The total prize money is Rs 5 lakhs for the top three teams. The semi-finalists received travel grants.

The 2^nd Runners-up, Abhishek Biswas and Aditya Pangte, have developed Ultrasafe Ultra Sound, which uses a patented technology that automatically prevents the identification of genitalia in live images produced by ultrasound machines. Talking about their project, they said, “Tata Social Enterprise Challenge is the biggest platform for social entrepreneurs. Social entrepreneurship is ignored if we compare it to the mainstream entrepreneurship. This is a great validation of our idea and further motivates us to do better. Thank you Tata and IIM Calcutta.”

The ceremony featured special talks by Mr. Anshu Gupta, Founder Goonj, Dr. S.P. Gon Chaudhuri, founder of India’s first renewable energy college - NB Institute for Rural Development (NBIRT), Dr. Sabahat Azim, Founder Glocal and Dr. N.S. Rajan, Member - Group Executive Council and Chief Group Human Resources Officer, Tata Sons.

Speaking on the occasion, Prof. Ashok Banerjee, Dean (New Initiatives and External Relations), IIM Calcutta, said, “The 3rd edition of Tata Social Enterprise Challenge has been important in terms of both the quality and the quantity of impact proposals received. We are extremely happy to note that this national level contest is eagerly awaited by aspiring social entrepreneurs. The on-the-spot announcement of seed funding to one of the winners of the contest goes a long way to prove the potential of this platform.”

Felicitating the winners, Dr. N.S. Rajan, Member - Group Executive Council and Chief Group Human Resources Officer, Tata Sons said, “In its third year, Tata Social Enterprise Challenge has grown into a single platform to catalyse new and promising sustainable ventures, build an enabling ecosystem for these ventures to convert their ideas into sustainable impact, create awareness of the social entrepreneurship field, and educate and mentor future champions of change. We are delighted to have IIM – Calcutta as a partner. Their expertise and mentoring proves extremely valuable in making this initiative a success. In line with the Tata group’s ethos of giving back to the society, the group through this platform endeavours to encourage innovative ideas and talent that will help in bringing about a change for the larger good of society. It is heartening to see the passion that these entrepreneurs have to make a difference and we wish them the very best of luck.”

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 3 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.  

The challenge was divided into three rounds:

• Round 1 – Teams were required to submit Impact Proposals online in the format specified

• Round 2 – The Semi-finals – 20 teams were selected from Round 1 to go through a 4-week mentorship programme. These teams pitched to a panel of esteemed judges consisting of social venture capitalists, social entrepreneurs, Tata executives and faculty from IIM Calcutta.

• Round 3 - The Grand Finale – 10 teams from the 20 semi-finalists were selected for the Finals and out of these the 3 winning teams were selected by an eminent panel of jurists.

Apart from the top 3 winning ventures, the 7 ventures that have made it to the top 10 finalists are, Nyayika, Leaps & Bounds, Tinker Tank, Centre for Social Consulting India Pvt. Ltd, Sukhibhava, Autoraja Mobility Solutions Pvt. Ltd, and Future Society. The ventures were judged on three parameters - Business Model, Social Impact and Sustainability.

All the top 20 teams have been 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.

Tata Social Enterprise Challenge is a unique initiative, undertaken jointly by an educational institution and a business group, to promote the spirit of social entrepreneurship in India. Started in 2012, Tata Social Enterprise Challenge received 168 entries, this year, and in all nearly 500 entries across the three editions that have taken place till date. With an objective to create an ecosystem for social entrepreneurship and encourage sustainable, scalable and measurable social impact, this year the Tata Social Enterprise Challenge 2014-15 adopted a more comprehensive approach to expand its reach and impact. A new R.A.C.E campaign (RoundtablesAwarenessChallengeEngage) was introduced to engage with a larger number of stakeholders in a more sustained and integrated manner. The campaign initiated a series of seminars, roundtables and lectures across India on the theme of ‘Thinking Social’, bringing together social entrepreneurs, venture capitalists and members from the academia, industry and business from across the country.

For more details and updates on the ‘Tata Social Enterprise Challenge, please log onto http://www.tatasechallenge.org/

About the Tata group:

The Tata group’s core purpose is to improve the quality of life of the communities it serves globally, through long-term stakeholder value creation based on leadership with trust. Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise headquartered in India, and comprises over 100 operating companies, with operations in more than 100 countries across six continents, exporting products and services to over 150 countries. The revenue of Tata companies, taken together, was $103.27 billion (around Rs624,757 crore) in 2013-14, with 67.2 percent of this coming from businesses outside India. Tata companies employ over 581,470 people worldwide.

Good corporate citizenship is part of the Tata group’s DNA. Sixty six percent of the equity of Tata Sons, the promoter holding company, is held by philanthropic trusts, thereby returning wealth to society. As a result of this unique ownership structure and ethos of serving the community, the Tata name has been respected for more than 140 years and is trusted for its adherence to strong values and business ethics. Each Tata company or enterprise operates independently and has its own board of directors and shareholders, to whom it is answerable. There are 32 publicly-listed Tata enterprises and they have a combined market capitalisation of about $131.6 billion (as on January 15, 2015), and a shareholder base of 3.9 million. Tata companies with significant scale include Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Indian Hotels.

About IIMC:

The Indian Institute of Management Calcutta (IIMC) was established as the first national institute for Post-Graduate studies and Research in Management by the Government of India in November 1961 in collaboration with Alfred P. Sloan School of Management (MIT), the Government of West Bengal, The Ford Foundation and Indian industry. Over the years, IIMC has grown into a mature institution with global reputation, imparting high quality management education. The mission of the Institute is to develop innovative and ethical future leaders capable of managing change and transformation in a globally competitive environment and to advance the theory and practice of management.  Center for Entrepreneurship and Innovation (CEI) is one of the centers of excellence established by IIMC to achieve greater understanding of an effective mechanism for promotion of professional management practices in Indian organizations, as well as to stimulate the development of these organizations for societal benefit.

For updates on initiatives at IIM Calcutta visit the official website: (http://www.iimcal.ac.in)