Inviting Applications for our fourth cohort – PrISE Incubation Program

Last Date To Apply: January 18, 2023

Bala Vikasa Center For Social and Responsible Business (CSRB), promoting social and responsible business, is inviting applications for its Incubation Program –  Promote and Incubate Social Enterprises (PrISE) from social startups with a Minimum Viable Product (MVP) and growth stage startups looking for non financial support.  

PrISE, a nine-months non-funded incubation program is initiated to support social startups and budding social entrepreneurs in establishing and scaling their enterprises in collaboration with CSR partners, government agencies and funding institutions. As an incubator, CSRB will  provide the selected social startups and budding social entrepreneurs with a coworking space at its state-of-the-art campus in Keesara along with assistance and mentorship in management and marketing of the enterprise. It will also connect the incubatees with industry experts, mentors, impact investors and ecosystem enablers.

Social Startup Incubation Program

Through this program, Bala Vikasa Center for Social and Responsible Business provides budding social entrepreneurs with assistance and mentoring in Management, Finance, Infrastructure and Networking with the support of CSR Partners and Funding Institutions. Bala Vikasa CSRB’s team of technical experts, industry leaders, mentors and advisors, supported by state-of-the-art infrastructure and facilities, ensure that the selected startups achieve success and progress steadily towards sustainability.

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The Approach

 

Induction and Introduction

An induction session to introduce incubatees with BVCSRB team, get familiar with their ideas and allow them to gain perspectives from peers.

Target setting

Helping incubatees in defining their goals and set a roadmap to achieve it by addressing the potential impact, scalability, stakeholders, business and financial model, and management.

Facility based services

Offering fully furnished office space with seating space for two from each startup that can also serve them as permanent office address and provide required infrastructural facilities such as meeting and conference room, printers and more.

Customized training

Identifying the individual needs of each incubate and support them building capacities in the areas of strategy making, execution, leadership, soft skills, personal growth, and relationship building.

Amalgamating responsible business practices

The business sustainability concept is fast evolving as global stewardship for businesses. Keeping that in mind, BVCSRB helps in embedding the practices of Environment, Health and Safety (EHS) in core operations of enterprises.

Workshops and Seminars

In-house and industry experts, senior entrepreneurs, and professionals help incubatees get a better understanding of the areas like market assessment, communication, branding, legal and governance, finance, vision, strategy, investment management, and more.

Networking

Opening the vast network of the organization for incubatees helping them in engaging with sector experts, funders, like-minded individuals, and grassroots test grounds/potential customer base.

Social Impact and Business profitability

Impart the knowledge to evaluate the idea from an intended impact perspective and potential of sustaining in market competition.

Periodic Strategic Reviews

Periodic strategic business review from in-house and external reviewers to enhance the quality of enterprises and business models. This also helps in continuing grant support.

Demo Day

An opportunity to pitch in front of a larger audience of investors, mentors, NGOs, industry stalwarts, funding agencies, and other relevant stakeholders.

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Benefits:

  • Mentoring
  • Education & Access to Knowledge
  • Networking & People Connection
  • Financing & Access to Finance
  • Facility Based Services
  • Brand Building
  • Business Services

Eligibility:

  • Highly motivated, and committed Social Entrepreneur
  • Early-age startup with an innovative and impactful idea/solution to address any social issue
  • A working prototype for pilot studies
  • Technological fix/solution to curb any social problem
  • Passionate to make a difference with business solutions
  • Willful to learn and experiment

Selection Process:

After receiving the applications startup are shortlisted on the given accounts:

  • Impact Potential
  • Scalability of Proposed Solution/Impact
  • Team Capabilities
  • Founders’ Background
  • Market & Financial Attractiveness
  • Business Feasibility

 

The shortlisted startups go through a final round of interview, which is conducted by:

    • Entrepreneurs
    • Investors
    • Mentors
    • In-house experts
    • Industry experts
    • The finalists are taken in for the final cohort

Cohort Design:

BVCSRB follows VCA method as the anchor concept in SOCENT

  • Neuro Linguistic Programming – (NLP)
    – Role of Positive Psychology for Motivation in Entrepreneurial Development
  • Asset Based Community Development (ABCD), PRA, AI & TBL
    – How to Build Socially Minded Enterprises and Mobilize Communities
  • Learning by Doing (Conation)
    – Understanding the Entrepreneurial Process
  • Result Based Management (RBM)
    – Building and Managing Impact Enterprise

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To know more about the program, please reach out to

Anil Battini
Assistant Manager, Social Entrepreneurship
Email: anil@balavikasa.org
Phone: +91 96038 61851

Testimonials

Ramana Gupta is an extremely accomplished financial professional with more than 30 years of experience in banking, finance, and corporate treasury. He is also co-founder of Wealth First Finserv, an independent investment advisory firm directed by senior-level partners. Ramana Gupta is a person who influences top-ranking finance professionals; whose opinion is highly sought after; and whose judgment is widely respected and trusted.
Ramana Gupta graduated in economics from Osmania University and qualified as a Financial Risk Manager from a banking institution. After graduation, he started his career as a banker with State Bank and worked across the country in various departments gaining insights in all aspects of banking. Known for his quick decision making and expertise in foreign exchange, he developed a passion for financial markets early in his career.

In 1995, he joined a leading corporate house to broaden his horizon. With the dawn of liberalization, the 1990s provided him with a huge scope for structuring innovative practices in risk management and capital expenditure. He went on to create several benchmarks in long term sustainability and low-cost financing.
Apart from this, he has also been proactive in social work as the inherent penchant of giving back to society is part of his personality. As a result, he became part of Bala Vikasa CSRB, where he is unleashing his passion through helping zealous social entrepreneurs. As a mentor, he is putting his best foot to bring up new aspects and angles to solve problems innovatively.

Ramana Gupta

Advisor and Board Member, Bala Vikasa

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Shoury Reddy, a charismatic leader, is an integral part of Bala Vikasa since its inception. He has been holding the reigns of the organization since 2009 and ensuring constant growth. His supervision, BalaVikasa spread across six Indian states in 6000 villages impacting the lives of over five million rural poor through innovative community empowerment initiatives.
Shoury Reddy did his post-graduation in Social Work from AcharyaNagarjuna University and a diploma in Community Development from St. F.X. University, Canada. While working closely with the grassroots communities, he designed some of the most effective community development models. These models have inspired several NGOs, development professionals, and central/state governments. He spearheaded projects such as tank desiltation, water purification, model villages, and Sujal ATWs.

To take sustainable development works to the next level, Shoury Reddy and BalaVikasa board spearheaded to establish India’s biggest incubation center for social entrepreneurs – Bala Vikasa CSRB in Hyderabad.
Known for his work with grassroots communities, Shoury Reddy has a vast skill set ranging from networking with multi-level stakeholders to carrying out effective PR and capacity building. His dedication to social work has been successfully driving the organization’s mission and vision forward.

Shoury Reddy Singareddy

Executive Director, Bala Vikasa

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Rahul Bhardwaj is an accomplished strategy and management consultant with nearly 20 years of experience. Before starting his journey with BVCSRB, Rahul has worked with big corporate houses such as Deloitte, KPMG, and Aditya Birla Group, where he handled multi-million projects and assignments. These projects were spread through various business sectors and geographic locations including the UK, India, Middle East, and Southeast Asia.
He is an alumnus of Hansraj College, Delhi University, and London Business School, London. He is a member of the CSR Panel of Confederation of Indian Industries (CII), Telangana Chapter. After successfully working as a seasoned consultant in corporate strategy and management, Rahul is now holding the baton of BVCSRB.

Being an entrepreneur himself, his interest in promoting entrepreneurship doesn’t come as a surprise. In BVCSRB, he is supporting and nurturing Social Entrepreneurs through its flagship program – SOCENT Fellowship. He also advises and engages with corporate partners to support and implement their CSR programs.
Rahul’s areas of expertise include strategy and business development, investment advisory, team building, start-up financing and advisory, and social entrepreneurship. He is also an avid reader and cricket lover.

Rahul Bhardwaj

Senior Director and Head, Bala Vikasa CSRB

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With over a decade of experience in working with communities and the development sector, Vijender Mogili is an Social Entrepreneurship professional and contributes to the constantly evolving Social Entrepreneurship ecosystem through his observations, research, and experience. He also strongly believes that Social Entrepreneurship accelerates community development.

Vijender is a graduate in MA Social Entrepreneurship from Tata Institute of Social Science, Mumbai. He has an experience of working with various government agencies and private companies that work for the welfare of communities and human rights like ALC India, Dr Reddy’s Foundation, Society for Elimination of Rural Poverty, StreeNidhi Credit Cooperative Federation Limited, WASSAN and Universal Dalit Welfare Society in business planning and development and program implementation. Besides being a Social Entrepreneurship professional Vijender is affiliated with Indigenous Development Organization, JNV Vattem Alumni Association as an advisor. 
With this dynamic experience and approach to community he brings an inclusive perspective in providing tailored service to Social Entrepreneurs at Bala Vikasa CSRB. He leads the Social Entrepreneurship team and contributes in Incubation of social startups and capacity building to strengthen the Social Entrepreneurship ecosystem.

A robust advocate of social equality and tribal rights, Vijender is actively volunteering in rural and tribal development initiatives.

Vijender Mogili

Manager, Social Entrepreneurship

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Parvathy is a graduate in MA Development Studies from Tata Institute of Social Sciences, Hyderabad and is interested in working on improving livelihood opportunities for rural communities, social inequality, human rights and urban and rural development. 

Intrigued by the socio-economic and cultural aspects that contribute to community development, she did intensive research on how these factors affect the livelihood of tribal women, intergenerational occupational mobility along with the predicaments of the handloom sector and the push and pull of migration affecting the housing market. Besides this, she also worked with  GRAAM (Grassroots Research and Advocacy Movement), Mitraniketan and Palle Srujan as a research intern. 

At Bala Vikasa CSRB, Parvathy contributes in developing, designing and conducting Capacity Building projects for social entrepreneurs to help them understand communities at Bala Vikasa CSRB. She was also actively involved in planning and implementing Bala Vikasa CSRB’s flagship event, Social Entrepreneurship Summit - Impulse and webinar series on Social Entrepreneurship. Parvathy is an avid music lover, enjoys everything that adds value to life and is looking forward to making a difference in the development sector while making the best of every opportunity life offers her.

Parvathy

Associate, Social Entrepreneurship

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Sahithi, a postgraduate in Public Policy and Governance from Tata Institute of Social Sciences, Hyderabad is passionate about conducting Impact Assessments and schemes of welfare schemes. She firmly believes that the right impact assessment of development projects is the foundation for designing and implementing more community specific and impact oriented development initiatives.

Previously, Sahiti was a Senior Executive For Monitoring and Evaluation in the Program Development Department of Apollo Tele-Health Services. At Bala Vikasa CSRB, she will be contributing to monitoring and evaluation, impact assessment, data analysis, proposal writing, secondary research and program implementation

A voracious reader, classical music and a Kathak dance student, Sahithi wishes to work for community well being and effective implementation of development initiatives through her work.

Venkata Sahithi Kompella

Senior Associate, Responsible Business & CSR

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Demo Description

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