ALC India Announces Its 2nd Batch for ‘Transforming India Initiative’ - India’s 1st Fellowship Social Entrepreneurship Programme
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
ALC India, 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:
- 6-month facilitated learning module certified by the Institute of Rural Management, Anand (IRMA), including practitioner interactions and reflection workshops
- 18-month experiential learning module certified by the Development Management Institute Patna, where the fellows will work directly with the founders of social enterprises
- End-to-end incubation support, including seed funding for setting up an enterprise for select entrepreneurs, as decided on merit by the independent committee, will receive a financial grant totaling INR 30 Lacs as seed fund for their social ventures
- Each individual will be placed with an enterprise in their preferred sector and be paired with a successful social entrepreneur as a mentor who is aligned to their interests and aspirations.
- Fellows will be placed with an already existing social enterprise, where they will work directly with the CEO to solve five key organizational challenges and accelerate the enterprise growth.
- ALC India provides access to seed fund of INR 40 Crores, Incubation Space of 20,000 sq.ft, over 30 Industry Experts, and 350 partners for the initiative
Who is it for?
The first cohort had individuals coming from across India with different background and experiences: corporate professionals, fresh graduates, start-up founders, educational and environmental enthusiast. A graduate degree is a minimum requirement to apply for the programme. Graduates from any discipline or professionals with work experience are eligible to apply for this programme. Interested people of any age group are encouraged to apply and their experience will be taken into account when they are placed with an enterprise during the experiential learning module.
Each applicant will go through a four-step process that involves Online Application, Psychometric & Aptitude Test, Telephonic Interview and a 2-day direct Assessment. Interested candidates can know more about the programme and apply, on or before April 26th 2018 by visiting https://www.alcindia.org/tii.
The Pioneering Cohort (2017 Batch)
The pioneering cohort of 10 individuals joined Transforming India Initiative’s Social Entrepreneurship Programme in October 2017. The cohort comes from the age group of 21 – 29 years from across India with diverse interest in the social space: education, health, finance, agriculture, livelihoods & policy. Over the course, they have developed skills, mindsets and knowledge required to lead and establish a responsible social-enterprise.
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