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Foundation for Innovation and Social Entrepreneurship

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Foundation for Innovation and Social Entrepreneurship
Nonprofit organization
ISIN🆔
Founded 📆April 2016
Founder 👔Manoj Kumar
Headquarters 🏙️,
Bangalore
,
India
Area served 🗺️
India
Members
Number of employees
🌐 Websitewww.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]

  1. Agarwal, Surabhi. "Tata Trusts to invest in social sector startups". economictimes.indiatimes.com. The Economic Times. Retrieved 27 January 2022.
  2. "Tata Trusts, Social Alpha launch programme for entrepreneurs". thehindubusinessline.com. The Hindu. Retrieved 27 January 2022.
  3. "Social Alpha announces incubation support for LetsEndorse". economictimes.indiatimes.com. The Economic Times. Retrieved 27 January 2022.
  4. Ramarathinam, Ashwin. "Mumbai Angels Network and Social Alpha invest in MedPrime Technologies". livemint.com. mint. Retrieved 27 January 2022.
  5. "IIT Kanpur-backed start-up Phool.co raises $1.4 million in pre-Series A funding". thehindubusinessline.com. The Hindu. Retrieved 29 January 2022.
  6. K. R., Srivats. "SBI Foundation, Social Alpha launch a challenge to support assistive technology start-ups". thehindubusinessline.com. The Hindu. Retrieved 27 January 2022.
  7. "Tata Trusts invites start-ups to create new tech solutions in energy sector". thehindubusinessline.com. The Hindu. Retrieved 28 January 2022.
  8. "Tata Trusts launches energy innovation challenge". economictimes.indiatimes.com. The Economic Times. Retrieved 28 January 2022.
  9. "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.
  10. Venugopalan, Anjali. "Accelerator launched for startups that make tech for disabled". economictimes.indiatimes.com. The Economic Times. Retrieved 28 January 2022.
  11. "Tata Trusts-backed Social Alpha sets up aerospace accelerator and incubation platform". economictimes.indiatimes.com. The Economic Times. Retrieved 28 January 2022.
  12. "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.
  13. Sheth, Hemai. "Microsoft launches programme for health-tech start-ups, collaborates with Social Alpha". thehindubusinessline.com. The Hindu. Retrieved 28 January 2022.
  14. Prasad, Surabhi. "DBS Bank India ties up with Social Alpha to incubate social entrepreneurs". thehindubusinessline.com. The Hindu. Retrieved 28 January 2022.
  15. "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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