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February 2015

In this week’s roundup we detail additional investment received by a Power to Empower Challenge finalist, share the outcome report from a sanitation workshop and the importance of solving disabilities in India.   The winner in the Idea category of the 2013 Power to Empower Challenge – which was managed by Ennovent – Tamul Plates Marketing Pvt Ltd has raised an undisclosed amount of follow-on investment from Upaya Social Ventures and Artha Initiative to augment its operations across the North-eastern region. Assam-based Tamul Plates focuses on generating rural livelihoods by producing and marketing biodegradable dinnerware. They also provide technical support and financial...

The recently launched Swachh Bharat Abhiyan has trained the spotlight on India’s severe sanitation problems. There is an urgent need for government agencies, corporates, NGO’s and other like-minded individuals to work hand-in-hand and bring about a more effective and efficient approach to achieving the goals of sanitation through convergence with CSR. Ennovent in partnership with GIZ therefore recently organized a half-day workshop to discuss and create a road map for convergence between various programs to achieve India’s national sanitation goals.   The workshop was attended by over 50 sanitation experts and representatives from NGOs, corporations and donor agencies. Key attendees included Mr....

In this week’s roundup we share details of a new eye care facility, focus on digital education, list India’s CSR spends and showcase the winners of a social entrepreneurship challenge.   Assam-based ERC Eye Care has opened its first hub hospital in Sivasagar on February 6, 2015. Using its award-winning eye care products and services, ERC plans to provide basic eye care to the underserved people in the district and neighboring areas. In December 2013, Ennovent Impact Investment Holding and Ankur Capital along with Ennovent Circle members, Beyond Capital Fund and Sadeesh Raghavan had closed an angel investment round in ERC Eye...

Assam-based ERC Eye Care has opened its first hub hospital in Sivasagar on February 6, 2015. Using its award-winning eye care products and services, ERC plans to provide basic eye care to the underserved people in the district and neighboring areas. In December 2013, Ennovent Impact Investment Holding and Ankur Capital along with Ennovent Circle members, Beyond Capital Fund and Sadeesh Raghavan had closed an angel investment round in ERC Eye Care. Speaking about the launch of ERC Eye Care’s first hub hospital, Peter Scheuch, Managing Director at global innovation company Ennovent said, “Ennovent’s Impact Investment Holding invested in ERC as we believed...

All acts of entrepreneurship start with the vision of an attractive opportunity. For social entrepreneurs, an ‘attractive’ opportunity is one that has sufficient potential for positive social impact to justify the investment of time, energy, and money required to pursue it seriously. …. (they) have to be conceived, developed, and refined in a dynamic, creative, and thoughtful process. -          Ayse Guclu, J. Gregory Dees, and Beth Battle Anderson   As we can understand from the above quote, entrepreneurship processes are ongoing and continuous, adapting to change and creating disruptions. Social Entrepreneurships are about bringing in change, hence a little more difficult to...

In this week’s roundup we analyse a key strategic goal as identified by the Indian Government, review a social entrepreneurship conference and share details of upcoming business modelling workshops.   One of the key strategic goals identified by the government of India is providing access to a clean reliable source of power to nearly 30 per cent of the Indian population, which has unreliable access to grid connected electricity or none at all. Electricity for all by 2019 holds the potential of improving the productivity, quality of life and per capita income. Currently a bulk of the population depends on inefficient, antiquated...

John Maeda wrote, “Simplicity is about subtracting the obvious and adding the meaningful.” For staunch self-proclaimed reverse engineer Piyush Agarwalla, subtracting the obvious, redesigning and reinventing is a way of life. The driving force behind his inventing Venus, a washing machine that costs no more than 1500 rupees, is to ‘make products of high utility affordable for the general masses.’ As he puts it, “Are the benefits of technology only for those who can afford them?” Venus is a washing machine in the strictest definition of the word. It is a machine that washes clothes, but it is by no means...