It is a sweltering July afternoon in Cuddalore, Tamil Nadu (a South Indian state) where summer temperatures can soar above 45 degrees Celsius. Most ATMs cannot function in this heat, but innovative ATMs designed and manufactured by India-based Vortex Engineering can. In fact, they require 90 percent less power; can generate their own power through solar panels; and are about 50 percent cheaper to operate than most ATMs in the market. As a grocery store owner slides his card into the Vortex-manufactured ATM to in India, 50 such ATMs are also working across the ocean in Nigeria and Madagascar.

Another innovative financial product targeted at communities like those in Cuddalore also launched in India in 2013. m-pesaTM, is a mobile money service being jointly rolled out by Vodafone and ICICI Bank. Developed and scaled in Kenya, and also widely celebrated as a triumph of social innovation – m-PesaTM aims to facilitate cashless transactions for millions of Indians without access to formal banking services. Vortex and m-pesaTM’s examples aren’t just “what if” scenarios, but part of the growing reality of India-Africa innovation transfers.

India and Africa may have vastly different local cultures and contexts, but they face similar development challenges of social inequity and environmental unsustainability that need solutions under severe resource constraints and over crunched timescales. As early as 1987, Amartya Sen (Indian economist and Nobel laureate) wrote a white paper on “India and Africa: what do we have to learn from each other”. He explored themes of food security, political stability and women’s empowerment. The message he sought to give almost 40 years back seems clear: While developing countries can be “patriotic” about how well equipped they are to solve their own challenges; there is every reason to be “democratic” about the solution itself and be open to learning from each other.

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MUMBAI: Traditionally, a not-for-profit entity or non-government organization (NGO) got grants for various socially relevant projects and implemented them. But, with grants drying up and an increasing tribe of social impact venture capitalists willing to invest in a for-profit corporate set up, a large number of NGOs are adopting the hybrid model. This also helps them to scale up the value chain and hire the right talent.
Corporate and tax laws necessitate setting up of two distinct legal structures. Typically, the not-for-profit arm carries out its activities as a trust or society, whereas a private company is set up for carrying out business or profit-based activities.
“Transitions towards hybrid models are more visible when poor families are willing to pay a small fee for services – say agri inputs on phone for farmers or vocational skill training; or when there is a market for goods produced by people at the bottom of the pyramid,” says Parvathi Menon, MD, Innovation Alchemy Consulting, which nurtures entities undergoing such transformation.

The Alternative Oct 3, 2013

India’s leading social enterprise honors are back in their 6th year to discover and showcase innovative early-stage businesses that create social impact.

Mumbai: The world’s largest social enterprise focused platform, Sankalp Forum announces the launch of the 6th edition of Sankalp Awards to recognize high-impact businesses in the following categories:

– Agriculture, Food and Livelihoods
– Clean Energy / Clean Technology
– Financial Inclusion
– Education / Vocational Training
– Health, Water and Sanitation &
– Technology for Development
– Women Empowerment

Aparajita Agrawal, Director – Sankalp Forum, said, “Sankalp Award winners have demonstrated the ability to combine innovation and an astute spirit of entrepreneurship to create affordable access to basic facilities where they don’t exist. And more crucially, they’ve leveraged the support that we have offered to create robust business models, and scale.”

Since their inception, the Awards have sourced over 450 sustainable enterprises, enabled 200 mentoring connections and facilitated over USD 120Mn of equity investments.

Says Sankalp’s director Aparajita Agarwal in a discussion with Halabol. In the interview she talks about having found critical mass in their efforts to find funding, and that how their regional deepening endeavors will continue to be a priority.

As part of Sankalp Forum’s continuing efforts to showcase high-impact social enterprises to Indian and global media, Bloomberg TV India’s show ‘Down to Earth’ met Eco Tasar Silks, a finalist in the Agriculture, Food Business category in 2013.

As part of Sankalp Forum’s continuing efforts to showcase high-impact social enterprises to Indian and global media, Bloomberg TV India’s show ‘Down to Earth’ met the Technology for Development sector Finalist Transerve Technologies.

As part of Sankalp Forum’s continuing efforts to showcase high-impact social enterprises to Indian and global media, Bloomberg TV India’s show ‘Down to Earth’ met the Education and Vocational Training sector Finalist Dialogue in the Dark.

As part of Sankalp Forum’s continuing efforts to showcase high-impact social enterprises to Indian and global media, Bloomberg TV India’s show ‘Down to Earth’ met the Health, Water and Sanitation sector winner Banka BioLoo.

A look at some of the for-profit initiatives among the 31 finalists for the Sankalp Awards 2013, handed out by the Sankalp Forum, a global social enterprise platform that recognises and supports innovative, sustainable, high-impact enterprises.