The INVENT program has been launched by IIMCIP in association with DFID UK and Technology Development Board (TDB), Govt. of India. The program is designed to create a platform to support for-profit businesses, which address one or more needs of people, are based on technology or business model innovation, are scalable, and capable of raising further funding from other investors. The support shall include, but not be limited to provision of funding, intense mentoring, knowledge and access to capacity building programmes, support services, and relevant networks. The objective is to identify and incubate for-profit social enterprise startups, working with innovative business ideas in a three years time frame.
What is a Social Enterprise
A social enterprise is an organization that applies commercial strategies to maximize improvements in human and environmental well-being—this may include maximizing social impact alongside profits for external shareholders.
Social enterprise applies an entrepreneurial approach to addressing social issues and creating positive community change.
A social enterprise is a revenue-generating business with primarily social objectives whose surpluses are reinvested for that purpose in the business or in the community, rather than being driven by the need to deliver profit to shareholders and owners.
Who is a Social Entrepreneur?
Social entrepreneurs are individuals with innovative solutions to society’s most pressing social problems. They are ambitious and persistent, tackling major social issues and offering new ideas for wide-scale change.
As in other countries, India too, social entrepreneurs are a growing phenomenon bringing positive change to several social areas ranging from education to healthcare, renewable energy, waste management, e-learning and e-business, housing and slum development, water and sanitation, etc. The key aim of these Social enterprises is to introduce sustainable and dignified living to the under privileged and the marginalised citizens of India.
Typical sectors of social enterprises
What are we offering
*Terms and Conditions apply
Who can apply (Eligibility)
How to Apply
To apply for incubation at IIMCIP, please click here to download the Application form. Completed application form should be sent by email to firstname.lastname@example.org.
To view our INVENT related activities click here