ALC India announces Social Entrepreneurship program
* Supported by the NITI Aayog under the Atal Innovation Mission; Certified by the Institute of Rural Management (IRMA)
* Seed Fund of upto INR 30 Lacs to all the Fellows with meaningful social enterprise ideas
* 9 shortlisted aspiring social entrepreneurs from the first cohort begin 18-month practicum with reputed social enterprises after completing 6-month Facilitated Learning Module
April 19th, 2018: ALC India (www.alcindia.org), has announced the 2nd Batch for ‘Transforming India Initiative’ (TII), a unique 2-year social entrepreneurship programme. The programme is open for anyone with a graduate degree: start-up enthusiasts, corporate professionals who nurture entrepreneurial aspirations and young professionals who want to make an impact for the country.
The 2-year programme has been designed to give in-depth entrepreneurial experience and practical knowledge of how to run a social venture before the candidates start their own ventures. After completion of the programme, each individual will receive incubation and funding support for a period of 6 years to set up a profitable social enterprise. TII is supported by the NITI Aayog’s Atal Innovation Mission and is offered in partnership with the prestigious Institute of Rural Management Anand (IRMA).
The first batch of the program witnessed enthusiastic response from 418 candidates from across India. ALC India selected 10 candidates after much deliberation and with a rigorous screening process. The current batch includes people who were earlier working in eminent corporates, start-up founders, educational and environmental enthusiast, etc. and wanted to start up their own enterprise that would tackle pressing social concerns.
ALC India is a 12-year old social enterprise that has been incubating companies belonging to the economically marginalized. Last year, it was recognized by the NITI Aayog’s Atal Innovation Mission as an established incubation centre and received scale-up support of INR 10 crores to incubate social enterprises, including support to the Transforming India Initiative (TII).
Since, its inception in 2005, ALC India has impacted 65,000 households in 17 States through 300 Projects. The organization has helped people in the unorganized sector build sustainable livelihoods and double their incomes. ALC India helps incubate enterprises that the communities own - typically cooperatives or producer companies and develops their technical, managerial and entrepreneurial skills, as they move up in the value chain from just being a producer to an entrepreneur.
Speaking about the success of Transforming India Initiative, Mr. Krishnagopal Grandhi, CEO, ALC India said, “In the current economic scenario, entrepreneurs are key to job creation, at the same time they need to evolve solutions that can address the most pressing challenges facing the country today. With the Transforming India Initiative, we are looking for talented youngsters who have the passion and grit to become social entrepreneurs. We will support them with not just education and practical understanding but also with incubation support to set up their enterprises after completing the programme.”
USPs of the Transformation India Initiative (TII)
Transforming India Initiative (TII) is a comprehensive 2-year programme that will equip the fellows to establish profitable social enterprises. Setting it apart from other academic and incubation programmes, TII is designed to enable the fellow students to first understand the developmental challenges of the country. It enables you to develop an entrepreneurial solution, test and evolve the design and establish an enduring enterprise rather than expect to have an innovative idea at the beginning of the programme itself. TII’s uniqueness lies in the integration of academics & incubation. Some of its notable USPs are: