Two Projects supported by XLRI Social Entrepreneurship Trust (*), Parichay andSwavalamban were judged 1st and 2nd respectively in the IIM Indore's Social Business Plan contest "Kalpavriksha" - a forum for self sustainable business plans with the potential to make a difference to society.
The two projects were selected from among 103 entries from across the B-Schools, and were judged by executives from Aavishkaar India Micro Venture Capital Fund, IndianNGO.com and India Development Gateway
Besides the prize money, along with other finalists they will also receive mentorship by executives from IndianNGO.com and India Development Gateway, a capital market place for social ventures in India. They will also be able to put up their ideas on India Development Gateway.
As the winner of the event, Parichay will get a direct semi-final entry into theGlobal Social Entrepreneurship Competition (GSEC) to be held at Foster School of Business in Seattle, USA (Feb 23-27, 2009)
Interesting… I might try some of this on my blog, too. It’s quite interesting how you sometimes stop being innovative and just go for an accepted solution without actually trying to improve it… you make a couple of good points.
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It communicates important entrepreneurial management practices, such as how your venture will mitigate risk, and how your venture will manage uncertainty. Most importantly, new business venturing is now about focusing on creating sustainable value.
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