Jyoti Singh was India’s daughter. But is that all? She was also India’s student, India’s citizen, India’s future… a young girl with a sharp mind, fierce will, working hard towards a better tomorrow. India has many such daughters, and not everyone’s gruesome story makes headline news. Jyoti, her parents, you who are reading this piece, and I – we are most likely exceptions to the rule, the minority. We hope for a safer, progressive and equal country. But while we champion India Shining – how do we shape a society that remains shrouded in gender inequality and a culture of patriarchy?

India claims that its well on its way to being a global super power by 2025, but does our everyday reality reflect this narrative? The real India is a country where 93 women are raped every day, 3.8 every hour; where 500,000 girls are lost every year to female foeticide; where 1 in 3 girls are sold in child marriage before the age of 15. A country where a young girl is raped and brutally killed by 6 men on a bus in our capital city. Where we think twice about wearing shorts and a tank top when we leave home. Where each of us can share several stories of being groped, harassed or molested by uncouth men in public places. The next super power? I don’t think so.

I’ve been a victim several times
, and I’m sure you have too – from having a filthy man feel me up in a dark room while getting my photograph clicked as an 11 year old, to being hit out at and groped by passing motorcyclists on the road while waiting to be picked up from my tennis lesson. The memory still makes me cringe, I feel ANGRY that I was emotionally and physically VIOLATED, and I let them get away. That’s why I feel the need to speak out. Not because of a filmy documentary, and not to tell people what they already know about the many violations against women in our country.

Some say that the horrific trauma that Jyoti and her family went through was worth it, and are enraged that the documentary telling her story was banned – seriously? Will 1 documentary, and 1 horrific story open our eyes and drive change? We have seen million such stories go by with silence. I disagree – it was NOT worth it. And India will NOT change because of the rape and death of one girl. I hear you SCREAM, and I feel the anguish. Believe me. I would have each and every rapist tortured and killed. But that won’t change the dangerous course our country is on, either.

Maybe then, we need to find Who is to blame…Blame it on the girls – why must they wear provocative clothes and roam the streets? Maybe its the fault of the parents – they should know better than letting their daughters go out after sunset. Blame it on the police or the corrupt Government for taking a feeble stance on women’s safety. Blame it on the monstrous men who believe it is their right to violate women.

The blame game begins, and we realize that while one finger is pointing at someone else, 4 are pointing inwards. The blame is ours to take. We, generations of men and women, parents, siblings, grandparents, uncles and aunts have shaped a society that creates India’s Sons – smart, ambitious, intelligent, lovable, protective, respectful, dutiful. And the sociopaths, perverts, monsters, villains. Men are not born rapists – not anywhere in the world, and definitely not in India. So many Indian men have grown up hearing that sons are more valuable than daughters, watching their fathers beat their mothers, seeing the girls in the family go hungry while the men eat… until they BEHAVE in similar ways, because its NORMAL. And so many of India’s Daughters experience and propagate this inferiority their whole life, that they start ACCEPTING it as normal. It seems like India’s Children are to blame.

The path to a more equal society is long and complicated. After giving it much thought, I believe that the way forward for India is Change by Generations. The most effective method of changing the way an organization thinks and performs, is to infuse it with a new generation of people who are molded with the right attitude and skills to shape the future. Replace the old with the new, and keep going until the new becomes normal. I’ve seen it work before. While India is way more complicated than an organization; its younger generation has the numbers, vision and attitude to make this possible. Men and women, together, shape a new generation of Indians who believe in equality, freedom and respect. Poverty alleviation, globalization, vocational training, education and employment are all part of this movement; but so is a mother treating her son and daughter as equal; so is the documentary, India’s Daughter; so is a manager who promotes a woman over a man based purely on merit; so is Javed Akhtar screaming in the Rajya Sabha; so is a wife when she reports her husband for physical abuse; and so is this article.

India’s Children, shaping a future in which our sons and daughters enjoy mutual respect, freedom and equality. 

Part II with more thoughts on executing Change by Generation coming soon. 

Naresh Fernandes, addressing participants at Intellecap’s “The Future of the Urban Poor: A Searchlight Convening” supported by the Rockefeller Foundation.

Good evening and welcome to Bombay. This is a city in which I’ve lived for much of my life and there are few places in which I feel more at home than right here, in Bandra. My family’s roots in this neighbourhood go back at least two hundred years. At the other end of this stretch of seafront is St Andrew’s Church, where five generations of my family are buried. My grandfather used to farm a small plot of land not so far from here, and, over the past century, my family has witnessed the city springing up around it. Recently, I’ve been working on a book I’m tentatively calling Hill Road Stories, named after Bandra’s longest street, in which I’m trying to describe how Bandra came to be absorbed by the big city.

This spot in which we’re meeting (Taj Lands End hotel, Band Stand) holds warm memories for me. When I was a child, this was an overgrown hill with the remnants of an old Portuguese fort. During our school holidays, we’d ride our bicycles up here and play act at fighting pirates amidst the ruins. Bandra was in the possession of the Jesuits from the early 1600s, and the tax revenues they gained from my ancestors allowed them to entertain their guests quite lavishly. In 1675, a young British doctor named John Fryer stopped in to visit the Jesuits. He writes that they showed him “great civility”, offering him fine fruit and wine, “diverting us with instrumental and vocal music”. Later in the day, they even staged a mock naval battle for him in the bay out front. So it’s evident that we in Bombay have a long tradition of showing our guests a good time.

About 15 years ago, after a long court battle, this hotel was allowed to come up over the remnants of the fort and only a small section of the battlements remain now. If you walk down to the water’s edge, you’ll see an old stone plaque bearing the date 1640. But you won’t actually be able to walk all the way out onto the parapet. It’s been blocked off for security reasons. Evidently, if you try to take a deep breath of the sea air at that spot, you could pose a grave threat to the structural stability of the Bandra-Worli Sealink, which links Bandra to the mainland.

This hotel offers a fabulous vantage point from which to observe Bombay’s metamorphosis in the new millennium: it’s built atop a 17th-century fort and looks out on the bridge that many people believe symbolises Bombay’s potential to take on the world in the 21st century.

Like so much else in this city, though, that bridge, to me is a sign of how much we in India have been getting wrong, ever since we began our policy of structural adjustment in the early 1990s. The bridge cost six times more than expected and took more than ten years to complete – that’s five years longer than they expected. When you drive off at the Worli side, there’s a large sign that says South Bombay – but weirdly, the direction it indicates is actually north. To get to South Bombay off this bridge, you actually have to drive about 300 metres north and then take a U turn before you’re set in the right direction.

But it’s more than the awkward engineering and the delays that made this a bad use of money. Of the 14 million people who live in the city, 6.9 million people take the train. Only 37,500 vehicles actually use this bridge every workday. The sealink was planned as a public-private partnership and was supposed to demonstrate how Bombay’s residents would actually be willing to pay for infrastructure they used. Think again. When they bridge opened, they actually had to reduce the toll, because it was so poorly used.

There’s another delusion involved. Many of Bombay’s newly affluent people that users of public transport are subsidised. When you do the maths, it turns out that isn’t quite true. While the average passenger on the sealink pays Rs 25.25 per journey, the average first-class ticket holder on the railways pays Rs 54. It turns out that we’re actually subsidising the inefficient car-users. Despite the shaky assumptions of this project, the state government is still proceeding with its plan to extend the sealink all the way down to the very tip of the city.

While we’re still up here on the hill, let’s also turn our eyes east, to the neighbourhood of Dharavi, where you’ll be headed over the next few days. While some Bombayites have adopted the Sealink as a symbol of everything they believe is right with the city, I must confess that I’m quite astonished by how many others seem to believe that Dharavi is a shining example of the city’s potential. That’s a process that’s greatly accelerated with the success of the film Slumdog Millionaire. In fact, when Barack Obama visited Bombay a few months ago, he made it a point to praise the people living in the “winding alleys of Dharavi” for their optimism and determination.

New urban studies jargon now refers to Dharavi as “an informal city” that has been created by the boundless enterprise of its residents. Almost every news report about Dharavi informs readers that its residents produce several hundred million dollars worth of goods each year – some estimates suggest a figure of $500 million or $600 million. As a corollary, this school of opinion believes that informal settlements like Dharavi and the hundreds of others around Bombay should be left undisturbed, so that they can continue to keep displaying boundless enterprise and keep being productive citizens. There’s also an ecological edge to this argument. Dharavi’s residents are praised for how efficiently they use scarce space and resources. Academics who celebrate Dharavi say that the world can’t really afford to live any other way.

Don’t get me wrong. I entirely support the right of poor to live and work in the city. In fact, I believe that we must do a great deal more to ensure that they get a fair deal in Bombay. But to me, this fetishisation of Dharavi makes a virtue out of very dire necessity. Besides, it’s tinged wth a condescending, neo-liberal lining. As I see it, this rhetoric implies that Dharavi residents should be allowed to live there mainly because they’re contributing to our great economic machine – not just because they, as citizens, have the same rights to the city as we do.

When you visit Dharavi, ask its residents about the struggle they face getting water in the morning, about how many people are packed together with them in their homes, about the rats that nibble at their toes each night and then reconsider the alleged magic of Dharavi. Dharavi is now more than 80 years old and to me, it’s a symbol of the failure of our society that we’ve allowed it to continue to exist in this squalid form all these decades later.

Between the Sealink and Dharavi, then, lies the whole range of Bombay clichés. We’re a city in which India’s richest man, Mukesh Ambani, recently built the most expensive home in the world: it cost about a billion dollars and it’s home to a family of four. We’re also a city in which about 60 per cent of the population lives in slums. In the Indian imagination, Bombay is the place where anyone with the will to work hard will never starve. But it’s also the place where children in some slum pockets face acute malnutrition, which means that they’re actually starving to death slowly. It’s the city in which everyone has the space to dream of becoming rich, but in which actual space is at a terrible premium, given that about 20,000 of us are packed into each square kilometre. (By contrast, London has a density of about 4,600 people a square kilometre.)

With typical Bombay swagger, we’ve come to celebrate all these distortions and we’re pretty smug about our ability to survive the daily grind in the place Suketu Mehta called the Maximum City. But all of this worries me a great deal. It’s apparent that Bombay has always been the barometer for the rest of India. If Bombay sneezes today, you know India will get a cold tomorrow, they say.

Over the past century, some of the most powerful ideas to influence India were born in Bombay. The very idea of India was born here when the Indian National Congress held its first meeting here in 1885, the first Indian trade union movement was born here in 1890. Since the 1930s, Bollywood has been pumping celluloid dreams into the heartland, suggesting that any adversity can be overcome if you work hard enough — and dance around a tree in the appropriate fashion.

Since liberalisation, though, the Bombay dream has changed. Where the movies once celebrated the communitarian space of the Marine Drive promenade, our film makers now showcase gated communities and malls. The self-help institutions that we once prized are being replaced by lotteries that promise to make you rich overnight.  If this is the way Bombay and India are heading, I believe that the future is a little more uncertain that it’s projected to be.

It’s clear that the jarring contrasts you see everywhere in Bombay are a concrete manifestation of this neo-liberal economic model we’re flogging so desperately. If there’s one lesson Bombay teaches us, it’s that the future of cities can’t be left to the whims of market forces. It seems apparent that, despite the caution in the Western academy against the problems of what’s described as overplanning, there’s no alternative to strong regulation to ensure the public good.

I wish I could be more optimistic, but for now, things in Bombay are going pretty badly. Almost every day over the past few months has brought news of yet another real-estate scandal, in which developers have colluded with corrupt politicians and bureaucrats to make extortionate profits from public resources. Though some citizens groups are trying to resist, the odds against them seem overwhelming.

And yet, of course, life goes on. Every few days, when yet another scandal has broken, I take a walk by the promenade here to catch my breath and take stock of things. Most often, the rocks on the shore are filled with courting couples. Since space is so tight in this city, couples, even married couples, are forced to grab moments of privacy in full public view. They shelter behind colourful umbrellas to talk and grab a kiss and remind us that, no matter how bleak the world seems to be, there’s no reason for normal life to grind to a halt.

In fact, they often get so absorbed in each other that the tide sometimes rises around them and the fire brigade has to be called in to rescue them. This happens so often that, a few months ago, the authorities mounted bells across the coast and they’re sounded when the water begins to rise. To me, that’s come to represent the madness of Bombay. The water’s swelling fast and bells are clanging but we can’t hear them because we’re all too busy having a bit of fun. I wonder how it’s all going to end.

– Naresh Fernandes

Editor, Time Out Magazine

‘I’m convinced that Pinterest can teach me to build my dream house with nothing but foam wreaths, ladders, wine bottles and a glue gun.’

For some years now I have harbored a secret interest for decorating and designing homes in creative ways, without burning a big hole in the pocket. In fact, at one point I was thinking of starting a small business as an amateur interior designer catering to young people looking for spunky ideas within limited budgets. Although I never really got around to starting a business, I did manage to experiment with small projects at home, in Rotterdam, Hyderabad and Bombay. The last few months have completely changed my outlook towards DIY or Do-it-yourself decorating projects – all thanks to Ben Silbermann, who decided to found Pinterest! Pinterest has given me the inspiration and confidence to be ambitious with my experiments and implement cool design ideas. I might even think of using Pinterest as the basis for an off-beat interior design consultancy at some point.

After quitting work last month, I decided to make use of my free time and take up a few DIY projects for the new house we were moving into. Here are some of the results – 

Wine Corks in Glass Jars and Frames


Upcycled Ladder Bookshelf


Wine Bottle Lights – Yellow


Wine Bottle Lights – Pink


Life Size Wall Decal

Painted Wine Bottles

Crates Upcycled as a Bar

By Deepti Chadda and Dipika Prasad

Home to 3.6 Bn people, almost every country in Asia is undergoing a profound socio-economic transformation. A region rich with people, resources and culture is growing increasingly restless in the face of multiple development shortfalls. While traditional methods of alleviating poverty continue to receive impetus, a fresh movement based on an alternative development approach is emerging. Building viable business models with affordable products and services that cater to underserved populations in sectors such as health, education, energy, is finding its place as an instrument to further sustainable and inclusive growth in Asia.

Several trends across Asian countries underline the growing popularity of this new approach, widely known as ‘social enterprise’. In Malaysia a survey of over 6000 young people showed that 75% considered themselves social entrepreneurs aiming for financial and social outcomes. Driven by Information and Communication Technologies (ICTs) and social media, budding social enterprise networks are linking investors, entrepreneurs and policy representatives across countries, such as the Social Enterprise Network Asia (SENA). Schools in Asia now include social enterprise in their curriculum and organize social business plan competitions, like iDiya by the Indian School of Business and the INSEAD Social Entrepreneurship Catalyst.

The growth of these social enterprises is also starting to attract interest from double and triple bottom-line investors (impact investors). According to a report by Avantage Ventures, the potential market size that can be captured through impact investing in Asia is estimated to be between USD52 to USD158 Bnby 2020. The report also concludes that the six key sectors that would benefit most from impact investingin Asia include affordable housing, primary education, rural and elderly healthcare, agri-business, water and sanitation and rural energy.

While social enterprise is still nascent in the region, some countries like India, Thailand, Indonesia and other South East Asian countries have emerged as front-runners in this movement. What’s interesting is that many of these countries face similar challenges of scale and sustainability. Some of the common constraints include access to the right type of funding, attracting and retaining superior talent, weak or non-existent supporting infrastructure, navigating the regulatory environment and building a collaborative approach towards market driven development.

While the policy environments, the financial services structures, the development needs and potential and geographical conditions vary widely across the region, emerging anecdotal evidence shows that some of these challenges have been tackled well in specific geographies.There is both a growing need and an opportunity to build a corridor of communication and learning between social enterprises, investors, policy-makers and other market enablers in India and South East Asia. Sharing best case practices,learnings from failures, finding solutions to common problems, speeding up the flow of funding across countries, and sharing intellectual capital are founding blocks for this Social Enterprise Corridor.

The case for building a social enterprise corridor between India and South East Asia

When it comes to innovation in technology and business models, India is one of the market leaders in the social enterprise space. A robust private sector, and focus on R&D could mean that there is an opportunity for these technologies and models to be replicated across other regions in South East Asia. For e.g. SME Renewables, a social enterprise that promotes renewable energy technologies and market biomass gasification power generation systems in Cambodia, imports its technology for rise husk powered electricity generators from India. It cites cost effectiveness, and time saved on developing indigenous technology as the primary reasons behind its buy-decision.

India has traditionally struggled when it comes to making public-private partnerships work. There are opportunities for it to learn from successful examples of these from countries like Cambodia and Indonesia. For instance, although there are millions of fully subsidized household biogas units installed in India, most are dysfunctional due to lack of maintenance and accountability from civic organizations. On the other hand, a biogas program led by Hivos with blessings from the government of Indonesia has achieved 100% functionality rate and 100% loan repayment rate. Initiated in May 2009, it aims to build a minimum of 8,000 domestic biogas plants in at least six Indonesian provinces by the end of 2012. The program is sustainable because the biodigestors are only partly subsidized, and focuses on facilitating credit in partnership with the government, NGOs, cooperatives, and MFIs. The focus on linking players, building a market and ensuring sustainablility after the grant monies run out is a clear learning for India.

There are opportunities for learning and communication to flow along the India-South East Asia corridor when it comes to policy as well. For e.g., the Thai Government has developed the Thailand Social Enterprise Master Plan 2012 – 14 to be delivered by the Thailand Social Enterprise Organization (TSEO), with the aim of furthering sustainable development.TSEO’s vision is to build a learning environment for social enterprises in Thailand, create capacity building interventions, and develop a path to capital and resources for social entrepreneurs. It is in its early days, and there are opportunities for it to learn from both successes and failures in other countries. Perhaps most importantly, there are opportunities for all countries in the region to learn from failures of policy. For instance, in Indonesia, private sector off-grid solar lighting initiatives have failed as the market was distorted by free distribution of similar products by the government, and lack of a supportive environment for the growth of the local industry.

Though the regulatory mechanisms are disparate, uncertain and ambiguous when it comes to flow of financial capital across the region, there is certainly merit in building robust deal flow pipelines across the region. Investors like Unitus Seed Fund, Aureos Capital, LGT Venture Philanthropy have a portfolio of investee companies in the regionHowever, given the nascence of the social enterprise space, the cost of aggregating, and building capacities of these businesses to create a pipeline for investors is almost prohibitively high, and there has been very little pan-region activity to create one. Philo Alto, Founder Asia Value Advisors says, “In my experience as a recent jury for the GSVC-SEA competition, the winners tend to be those who have been coached by business practitioners who are able to provide a real life sanity check on valuation, funding requirements, and expectations of potential investors that enable the social entrepreneurs to reframe or adjust their plans and organizational culture over a period of time as they scale their firm. I would say that the cost of search for viable social ventures remains elusive from the perspective of would be impact investors.”

The exchange of intellectual capital and talent is another building block for the corridor to be successful. There are opportunities for technical assistance and market building facilities/projects to be created, staffed by experts from across the region who can support idea and early stage ventures. For e.g. from a recent field visit to Cambodia, our team at Intellecap found that most social enterprises were founded and managed by expatriates, while the locals tended to focus on NGOs and non-profit models. There was a clear need for local home-grown experts in the field, but no learning environment or platform existed.

Some ways in which the Corridor can be built

Asia’s geographical and cultural diversity creates a need for platforms that can connect investors and entrepreneurs from across countries, playing the role of intermediaries. As aggregators, these platforms reduce transaction costs for investors in identifying and conducting due diligence, and improving the chances of enterprises to access funding by helping them build capacity and scale. Philo of Asia Value Advisors says, “Most social enterprises need mentorship support and advice to help them achieve the scale needed for future funders that are more commercially oriented, in addition to scaling their social impact. By engaging with intermediaries whose role it is to share with the SEs as to how they can be ‘impact investment ready’ in the coming years, social enterpriseswill be able to adapt their business models accordingly, with enough lead time and speak the same language as the more commercially oriented impact investors.” Initiatives like Sankalp Forum and Change Fusion are playing a pioneering role in building such platforms.

Creating capital markets for social good and channelling capital efficiently towards social ventures, is a significant part of building this Corridor. With access to funding identified as one of the top challenges faced by social entrepreneurs in India and South East Asia, organizations that aggregate funding sources and create enterprise-friendly processes to access this funding will be instrumental in scaling social enterprise in the region. Impact Investment Asia (IIX) is home to Asia’s first public and private platforms for social enterprises to raise capital efficiently. The Asian Venture Philanthropy Network (AVPN) aims to develop the venture philanthropy movement to meet specific enterprise requirements in Asia.

Both India and South East Asia need to appreciate each other’s local realities as well. Forging friendships and strong working relationships is critical to building any successful cooperation. Immersion programs, which provide an opportunity for both sides to interact and learn from each other, serve this purpose. AIESEC and Potencia Ventures run an immersion program for young people to learn about social enterprise through international internships and interaction with the impact investment domainacross countries. Student exchange programs through academic institutions like business schools are also a potential opportunity to build immersion programs that will found the basis of an India – SE Asia Social Enterprise Corridor.

Bridging Information Asymmetry is another critical building block and the Ayllu Initiative is a step in this direction – it aggregates processes and shares data so that funders, entrepreneurs and other sector actors in social enterprise can make informed decisions. Access to such information will make it easier to share learning, build areas of cooperation and establish a strong social enterprise corridor between India and South East Asia.

Authors’ Note:This article was written with inputs from Rashi Agarwal, Srikanth Pulavarthy, and Bharat Bongu from the Intellecap Business Consulting team, and from Philo Alto of Asia Value Advisors. The authors would like to express their thanks to all of them for sharing invaluable first-hand accounts of working in the field. The authors work on the Sankalp Forum at Intellecap, and were inspired to write this article based on their observations from extending Sankalp’s platform to 5 countries in the South East Asian region. This is also a subject that will be discussed in a special side-session at Sankalp’s upcoming Annual Summit on April 12 and 13. To find out more about how you can participate, click here.

Editor’s Note: This article is written by Dipika Prasad and was published on the Sankalp Forum blog as well as Next Billion. It captures the work I have been doing for the last two years.

Early stage businesses thrive best in an environment that brings together and facilitates efficient working of all players for them to grow. The favorite, and oft-quoted example of such an enabling ecosystem is Silicon Valley. But there are examples closer to the developing world as well – like the information technology industry in the Indian cities of Hyderabad and Bangalore, and the vibrant start up communities growing around academic institutions like the Indian Institutes of Technology (IITs) and Indian Institutes of Management (IIMs). Social enterprise in India took off in 2005-06, but is still in the margins, and grapples with a complex set of challenges. The challenges start right from understanding who’s part of this space – the entrepreneurs, funders, enablers – to making it easier for them to work together. If double and triple bottom line businesses, which many of us believe are tomorrow’s models, are to make a dent in mainstream markets, they need to aggregate in big numbers, and show tangible change. Which leads to the question – why stitch together the social enterprise mosaic?

Sankalp Forum was initiated by Intellecap in partnership with Rockefeller Foundation, SIDBI, NABARD, and others, with the belief that social entrepreneurs have a role to play in development and inclusive growth. In those early years our founding team learned the first lessons in the importance of building an ecosystem. The entrepreneurs, funders, policy makers, academicians, service providers and grassroots organizations that were chasing common goals had to be brought together; and an environment that it made it easier for them to work together had to be built.

Three big goals drive us in our attempts to create this convergence of key players in the social enterprise space. The first is cohesion and collaboration to drive capital into double and triple bottomline businesses. The second is to make peer-to-peer learning and market linkages possible. We believe this is key to creating supply chains that work – bringing together large businesses, social enterprises, and non-profit grassroot level organizations. Our third driver is to bring new converts to this growing space – large businesses curious about making markets work for the poor, foundations that are looking beyond charity as a means to create impact, mainstream angel networks and venture capital funds who want to explore impact investing as a growing asset class.

The next obvious question then becomes – what does it take to stitch together the social enterprise mosaic in India? In 2009 we took the first steps towards building this ecosystem for entrepreneurship lead development solutions through the first annual Sankalp Summit and Awards. While we’ve evolved and expanded both programmatically and geographically, the social entrepreneur continues to be at the centre of everything we try to do through the Sankalp Forum. In the last four years, we’ve sourced over 400 social enterprises from India and South East Asia into the Sankalp platform, using our awards process as a pull for enterprises working in sectors of agriculture, food and rural business; clean energy/ technology; education and vocational training; healthcare, water and sanitation; and technology for development. This aggregation of high potential social enterprises has in turn attracted other players from the sector – over 300 investors, and 500 service providers like strategy consultants, investment advisors, lawyers, and design and media consultants. For a social enterprise looking to understand the market space, Sankalp Forum has evolved to become a one-stop-solution that answers four basic needs:

A lesson we learned early on in our journey was that very little was possible without collaboration. We’ve worked with over 50 partners including incubators, investment houses, networks, media, and other social enterprise platforms to make Sankalp Forum possible. A good example of the efficacy of this collaboration is the capacity building services we are able to provide all this under one umbrella. Our partners range from early stage incubators with sector specific focus to those with expertise in legal issues to those who investment bank for early stage businesses. Entrepreneurs who are part of our platform get access to mentorship and handholding across an entire range of challenges. In the past three years, more than two dozen of our enterprises have received investments, and over 160 others have been made investment ready through mentoring and capacity building programs. These enterprises enter the Sankalp Forum platform through multiple channels. While we run year-round interventions like capital raising workshops, and investor – entrepreneur clinics across India, the annual Sankalp Awards is the largest entry channel to Sankalp Forum.

In 2012, 100 for-profit social entrepreneurs from India, Indonesia, Thailand, Cambodia, Vietnam and Malaysia invested over 600 hours in filling applications to the Sankalp Awards. Cumulatively and individually, this data forms an invaluable decision making aid to multilaterals, foundations, policy makers and other market makers in this space. Each application was put through a quality check by the Intellecap team, and entrepreneurs were helped with thinking through aspects of their business they hadn’t necessarily prioritized. As we helped applicants figure EBIDTA, PAT and margins, we realized many of them were doing this exercise for the first time. Not all went onto become Sankalp Award Finalists of course, but we believe we got them started on the right track.

At the first evaluation stage of the business plans, 35 investors from 29 investment houses volunteered one day of their time to look over every business that applied to the Sankalp Awards. The evaluation process itself resulted in the generation of over two dozen investor interest queries. At the end of this process, 31 finalists were announced. The news of this announcement through Intellecap and Sankalp emails, blogs and social media channels alone reached an audience of over 50,000. We partnered with leading publications in this space like NextBillion, YourStory, Startup Central and others to amplify this number by 4 to 5 times.

The great value add to Sankalp Award Finalists, and also the inspiration behind this post, came from a first of its kind bootcamp that we organized for our 31 finalists at the Indian School of Business on March 9 and 10. Over the course of a two-day residential bootcamp, the entrepreneurs were exposed to capital raising basics like “knowing your business”, “approaching an investor”, and “structuring investments”. Over 18 investors, successful entrepreneurs, and advisors travelled to Hyderabad to volunteer time for this bootcamp. What’s great about this model we’re building is that its win-win – experts from different fields spend time with our entrepreneurs to find high quality deal flow pipelines, understand on-field trends better, and create awareness about their work. After the bootcamp, Vijay Vaidyanathan, CEO of one of our 2012 finalists class wrote to us saying, “Sankalp Forum is not only bringing together all the pieces of the social enterprise ecosystem, it forms the mosaic and gives the background in which the entire picture would shine.”

At our annual summit on April 12 and 13, this is exactly what we will attempt to do.

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