The Indian School of Business (ISB), along with SAP, has introduced a new programme called the Jumpstart Social Enterprise Programme, with the aim of nurturing the “social entrepreneurship ecosystem with focus on national priorities”.
SAP is a multinational software corporation that helps companies and industries run better and more efficiently. In collaboration with ISB, it intends to identify five social enterprise startups in the country, which will later be mentored by eminent entrepreneurs. The programme will also allow them to access various networks and enable them to work more efficiently with the right kind of training.
To qualify for the preliminary stage, applicants must go through a selection process where their request will be scrutinised by experts from ISB, SAP and others in the startup ecosystem.
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Two selected candidates from each social enterprise will be given a chance to attend two residency modules at ISB and one boot camp at SAP. Since getting funds is the primary concern for most startups, the candidates will also get the chance to show off their innovative projects to various venture capitalists and angel investors.
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With the Jumpstart Social Innovation Programme, both the institutions hope to bring their expertise to the table so they can expand it to a much wider entrepreneurship ecosystem.
“Our objective is to create investible and growth-oriented social enterprises that would address unmet social needs and create significant employment opportunities. We will provide mentorship and connect them to technology experts to speed up the growth of the social enterprises,” said Dilipkumar Khandelwal, Managing Director, SAP Labs India and EVP, Enterprise Cloud Services, SAP SE.
“Entrepreneurship is core to ISB’s DNA and our focus on engendering a spirit of entrepreneurship among our students is showing success. We are now extending this spirit of enterprise beyond our students to help startups in the social enterprise space by leveraging our partnerships and the startup ecosystem at ISB,” said Rajendra Srivastava, ISB Dean and Novartis Professor of Marketing Strategy and Innovation.