Foundation for Innovation and Social Entrepreneurship
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Nonprofit organization | |
ISIN | 🆔 |
Founded 📆 | April 2016 |
Founder 👔 | Manoj Kumar |
Headquarters 🏙️ | , Bangalore , India |
Area served 🗺️ | India |
Members | |
Number of employees | |
🌐 Website | www.socialalpha.org |
📇 Address | |
📞 telephone | |
Social Alpha is a venture philanthropy platform that supports social entrepreneurs under the legal entity of Foundation for Innovation and Social Entrepreneurship (FISE). Social Alpha was founded in 2016.
History[edit]
In April 2016, Social Alpha was founded by Manoj Kumar[1] to address the social sector challenges of market failure, mission drift, suboptimal scale, and business sustainability faced by entrepreneurs.
Activities[edit]
With its goal to promote innovation and entrepreneurship,[2] aggregate philanthropic capital, and create an effective mechanism for allocating resources to social entrepreneurs across India for the development sector, Social Alpha focuses its activities around:
- developing sectoral problem thesis within livelihoods, health and climate.
- scouting and discovering early-stage start-ups with entrepreneurs solving for problems that match sectoral thesis.
- incubating[3] and funding (non-dilutive and dilutive) early-stage start-ups.[4]
- managing innovation labs and venture accelerator infrastructure to help start-ups with pilots, idea validations, product management guidance, expertise with technology, business, and regulation, design and manufacturing support, market access and entrepreneurial mentoring.
- offering philanthropic investors, donors, and corporates a curated portfolio of companies and projects for follow-on funding[5] and investments.
- raising financial resources from philanthropic, government, and corporate partners.
Social Alpha runs Grand Challenges,[6][7][8] builds innovation platforms,[9] manages accelerators,[10][11] nurtures several start-ups, has joint ventures,[12] and ecosystem partners.[13][14][15]
References[edit]
- ↑ Agarwal, Surabhi. "Tata Trusts to invest in social sector startups". economictimes.indiatimes.com. The Economic Times. Retrieved 27 January 2022.
- ↑ "Tata Trusts, Social Alpha launch programme for entrepreneurs". thehindubusinessline.com. The Hindu. Retrieved 27 January 2022.
- ↑ "Social Alpha announces incubation support for LetsEndorse". economictimes.indiatimes.com. The Economic Times. Retrieved 27 January 2022.
- ↑ Ramarathinam, Ashwin. "Mumbai Angels Network and Social Alpha invest in MedPrime Technologies". livemint.com. mint. Retrieved 27 January 2022.
- ↑ "IIT Kanpur-backed start-up Phool.co raises $1.4 million in pre-Series A funding". thehindubusinessline.com. The Hindu. Retrieved 29 January 2022.
- ↑ K. R., Srivats. "SBI Foundation, Social Alpha launch a challenge to support assistive technology start-ups". thehindubusinessline.com. The Hindu. Retrieved 27 January 2022.
- ↑ "Tata Trusts invites start-ups to create new tech solutions in energy sector". thehindubusinessline.com. The Hindu. Retrieved 28 January 2022.
- ↑ "Tata Trusts launches energy innovation challenge". economictimes.indiatimes.com. The Economic Times. Retrieved 28 January 2022.
- ↑ "Social Alpha Partners With United States-India Science & Technology Endowment Fund (USISTEF) To Announce Call for Ignition Grants". www.apnnews.com. APN News. Retrieved 29 January 2022.
- ↑ Venugopalan, Anjali. "Accelerator launched for startups that make tech for disabled". economictimes.indiatimes.com. The Economic Times. Retrieved 28 January 2022.
- ↑ "Tata Trusts-backed Social Alpha sets up aerospace accelerator and incubation platform". economictimes.indiatimes.com. The Economic Times. Retrieved 28 January 2022.
- ↑ "Social Alpha launches mach33.aero along with NRDC, NAL to nurture start-ups in aerospace engg". timesofindia.indiatimes.com. Times of India. Retrieved 29 January 2022.
- ↑ Sheth, Hemai. "Microsoft launches programme for health-tech start-ups, collaborates with Social Alpha". thehindubusinessline.com. The Hindu. Retrieved 28 January 2022.
- ↑ Prasad, Surabhi. "DBS Bank India ties up with Social Alpha to incubate social entrepreneurs". thehindubusinessline.com. The Hindu. Retrieved 28 January 2022.
- ↑ "Microsoft partners Social Alpha to accelerate growth of healthtech startups in India". economictimes.indiatimes.com. The Economic Times. Retrieved 28 January 2022.
External Links[edit]
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