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The Ennovent Circle is an exclusive community of impact investors, specialist service providers and mentors that collaborates to accelerate innovations for low-income markets. In this monthly series we highlight one of our Circle members and ask them five questions about their work in low-income markets and their insights about the sector.   For our latest post in this series we spoke to serial entrepreneur and angel investor Sumantra Roy.  He is the Co-Founder & CEO of Learning Yogi, which is developing a game-based learning platform to help underprivileged children teach themselves. Another of Sumantra’s ventures, formed in association with Dr....

Education may not always be thought of as a segment where much innovation can happen, but there is a growing interest among entrepreneurs to innovate and provide inspirational education experiences and a new breed of innovative social enterprises are emerging that focus on this area. These maybe in schools where content formats are enhanced to create new and modern learning experiences, or in vocational projects enabling skill development; aided by technology and innovation.   However, the road ahead to success is extremely tough and difficult; replete with failures and few successes. This is primarily because of the nature of this segment, which...

The continued growth of low-income markets has meant that a vast number of business plan competitions and grants have been established to find and select high potential solutions in the form of both products and services for these communities. Ennovent’s Discover expertise enables clients to identify and select a wide range of globally distributed solutions to solve sustainability challenges, increase market share or develop a strong investment pipeline.   However, most competitions within the space defer only to experts in the selection of ‘winners’. While experts are valuable, the local end-users of the products must also be involved for the selection of...

The world’s population reached 6 billion people in 1999 and is expected to reach 8.5 billion by 2025. This population trajectory means that from now to 2030, the world will need to build the equivalent of a city of 1 million people every five days in developing countries.   Close to one trillion people in the world do not have sufficient food for a healthy and active life. Therefore, going forward, farmers must necessarily produce more food per unit of land. However, in order to do so, they simply cannot keep producing in the same ways. They will need to do so...

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...