invent social entrepreneurship program at iit kanpur

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Science and Technology Park

INVENT Social Incubation ProgramSIDBI Innovation and Incubation CentreIndian Institute of Technology Kanpur1

Are you a social entrepreneur looking for incubation? Join us!!

INVENT: An Overview2Innovative Ventures and Technologies for DevelopmentA joint collaboration of the Department for International Development (DFID) of Govt. of the United Kingdom and Technology Development Board (TDB) of Govt. of IndiaAimed at improving lives of people living at the Bottom of Pyramid

INVENT Implementation3National Award Winners 20118 low-income states have been selected for INVENT implementationRajasthan, Madhya Pradesh, Uttar Pradesh, Chhattisgarh, Bihar, Jharkhand, Odisha and West BengalTotal 4 incubation centres have been selected to implement INVENT programSIIC at IIT Kanpur is one of them

Bottom of Pyramid4National Award Winners 2011BoP indicates the largest but poorest socio-economic groupPeople with a daily income of $2.570% of the Indian population is currently living at BoPINVENT aims to create a positive impact to the lives of these people

Population

Wealth

Why Social Entrepreneurship?5Prof. Mohammad Yunus, founder of Grameen Bank saysWhen we want to help the poor, we usually offer them charityMost often we use charity to avoid recognizing the problemBut charity is no solution to povertyCharity only perpetuates poverty by taking the initiative away from the poor

Empowerment of the poor by creating jobs and steady income is the right way forward

Social Business Vs NGO6NGOSocial BusinessPrimary objectiveSocial impactSocial impactProducts/services priced for saleBusiness modelN/APrice CostsMaximizes social impactMaximizes social impactFunded through donationsFinancially self-sustainable

Social Entrepreneurship7National Award Winners 2011A start-up which pursues an innovative idea with the potential to solve a community problem throughInnovation and disruptive technologyProduct or serviceFor-profit business modelMaking positive social impactIncreasing the monthly income of low/mid level income families; and/orProviding existing services/products at a lesser cost

Why join us?8Association with IIT KanpurSeed funding upon basic validationDedicated mentors with domain expertise Monthly inspirational events and dedicated capacity building workshops Access to SIIC tinkering labs and facilitiesNetworking with downstream investors for scaling up operations

Funding Opportunities9National Award Winners 2011Funding of up to INR 50 lakh available for qualified start-upsFunding models

Funding in tranches based on pre-agreed milestones

Grant and equityLoan and equity50% grant + 50% equity (fixed)50% loan + 50% equity (fixed)Grant not to be repaidInterest-free loan to be repaidEquity portion higherEquity portion lower

Other support10National Award Winners 2011Pool of sector-expert mentorsAssociation with several organizations for value-addition

Other Funding Opportunities11National Award Winners 2011PRomoting Innovations In Individuals, Start-Ups and MSMEs (PRISM)PRomoting and Accelerating Young and ASpiring technology entrepreneurs (PRAYAS) NIDHI EIR (Entrepreneurs in residence)Biotechnology Industry Research Assistance Council(BIRAC)

Have an idea or a product? Reach us!12Dr. Abhijit SatheChief Executive Officer INVENT ProgramEmail: asathe@iitk.ac.in

Prof. Sameer KhandekarAssociate Dean, Innovation and IncubationIIT KanpurEmail: samkhan@iitk.ac.in

Visit us at iitk.ac.in/invent and Apply online!

Examples of start-ups working in Social Enterprise sector13

Education (product)14National Award Winners 2011

www.prosoc.co.inSchool bag for underprivileged kids that do not have access to bench in school

Education (service)15National Award Winners 2011

Analytical web tools to redefine the ways educational institutions are managed

www.empoweru.in

Water and Sanitation16National Award Winners 2011Inexpensive water filter for household potable waterUltrafiltration using nanofibre technology

www.technorbital.com

Water and Sanitation17National Award Winners 2011Mobile water ATM for providing affordable drinking water to people on-the-goEliminates need of expensive bottled water and plastic water pouches

www.waah.biz