Sustainable Enterprise Challenge
Find the best sustainable enterprises for the BoP in India
Submission Deadline
Dec 31, 2013
592 Days Left
0
Applications
11
Nominations
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- Help us find - in India and around the world - proven, for-profit solutions that can meet some of the critical needs of India’s poor.
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Geography Focus
Asia (India)
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Reward
- Solver : 50000
maximum investment in equity or convertible debt per enterprise - Connector : 1000
cash reward for all finders who nominates successful investments
Sponsors
- Solver : 50000
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Organizer Details
The Sustainable Enterprise Challenge is open for applications and nominations!
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Brief
Inadequate access to basic services is part of the poverty trap for the majority of India’s poor. Earning around USD 3.- or less a day (local PPP), poor people in most cases cannot afford basic services. The private sector is already playing a key role in helping the government meet its goal to ensure basic services for all. Investments in innovations - products, services, processes, and business models - are needed to bring clean, safe and affordable services to the Indian BoP market. -
Winning criteria
We will select and reward the winning enterprise based on the following evaluation criteria. The winning solution:
- Focuses on energy, water, food, health and education
- Benefits poor people earning around USD 3.- a day
- Products or services are relatively cheap, simple and convenient to use
- Can be launched or scaled on a for-profit basis generating financial returns
- Has already been tested and sold to first customers in India or another country
- Will potentially have a positive social impact on a large number of poor people in India
- Has no or minimal negative impact on the natural environment
- Can easily be scaled up and replicated in India and other countries
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Evaluation process
A multi-disciplinary team from ennovent Austria and India with support of local advisors will select 10 finalists. A panel of external judges representing our Indian and international partners, ennovent staff and the challenge sponsor (ennovent's Impact Investment Holding or IIH), will choose winning enterprises. The Investment Committee of the IIH will have the right to reject finalists, which do not meet the investment criteria of the IIH. The winning solvers and connectors will be celebrated and publicized.
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Organizer details
Profile
Ennovent's mission is to promote for-profit solutions that make a sustainable impact on low-income people. We bring together entrepreneurs, investors and experts to discover, finance and scale these solutions.
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