Incubation Program in India: Calling All Early-stage Woman Social Entrepreneurs

Objectives

• UnLtd India’s Theory of Change is that social entrepreneurs will sustain and scale if they get an enabling ecosystem in their early stages. Through their 9 months Incubation Program, they provide their social entrepreneurs an opportunity to enhance their knowledge.  The program is designed to focus on the following aspects:
  • Validate beneficiary-solution fit, quantify value proposition
  • Build  business model and plan, including budgeting and costing
  • Hone leadership and entrepreneurial skills
  • Leverage a growing network of investors, experts and peers
• Thus, helping lay the foundation for a Sustainable & Scalable Social Impact organisation.

Focus Areas

• The February 2023 Cohort will focus on supporting innovative solutions in:
  • Agri and Allied
  • Education
  • Environment
  • Gender Equality
  • Health & Wellbeing
  • Inclusive Development
  • Livelihoods
  • Others

Program Structure

• Their 9 months program includes
  • Site visit to deepen the understanding of the Founder(s), their work and impact.
  • Intense engagement of webinars, workshops and learning insights (self-work) and One to one coaching towards developing the entrepreneurial ability to support the build and scale of their organisations.
  • Workshops and one to one consultations by Experts on
  • Monitoring & Evaluation Framework / Impact
  • Storytelling / Marketing Comms / Social Media
  • Finance, Compliance
  • Leadership Development
  • Investor pitches
  • Relevant connections to Investors, Service Providers, sector experts, UI Alumni, Mentors, Peers.

What can you expect from the program?

• They personalize their 9 months Incubation Program to each Social Entrepreneur, as each idea is unique and every entrepreneur is on a different growth trajectory.
• Their Program provides one-on-one coaching, workshop based learning, access to experts, mentors, investors and opportunities for peer learning. This contributes towards their core objective of helping social entrepreneurs with establishing the foundation for a sustainable and scalable Social Enterprise.

Eligibility Criteria

• February 2023 cohort is for Women Founders, CoFounders in a lead role only.
• UnLtd India is  open to any solution  that solves a pressing socio-economic issue in India. For their February 2023 cohort , they are looking for a pan-India cohort of early-stage Social Enterprises. The founders / cofounders of these enterprises need to be committed to solving important social problems in creative and impactful ways.
• You are a Women Founder, CoFounder of a Social Enterprise, committed to growing your organisation for social change.
• In case the organisation has both male and female co-founders, only female co-founder (in a key decision making role) is eligible to apply and be part of the program (if selected).
• You need to be an Indian Citizen above 18 years of age.
• You need to be the Founder/Co-Founder of a Social Enterprise, registered on or after 1st January 2018. The organisation should be legally registered as any one of the following:
  • Limited Liability Partnership (LLP)
  • Private Limited (Pvt Ltd)
  • One Person Company (OPC)
  • Sole Proprietorship
  • Partnership
• You must be working full-time or if part-time, upwards of 3 days a week. If part time currently, you need to have a plan for becoming full time within the year.
• The Social Enterprise you are applying for must be at an early stage of Prototyping / Developing a Minimum Viable Product / Piloting the product or solution.
• Your organisation should have a strong focus on measurable social impact.

Selection Criteria

• While selecting social entrepreneurs, they look for four key:
  • Individual
    • They look for individuals who are motivated by a social problem, are committed to solving it in the long term, exhibit entrepreneurial characteristics, demonstrate leadership qualities, have an unwavering commitment to create social change and the ability to garner resources to support their work.
  • Innovative Idea
    • They look for innovative ideas that are focused solutions to fit specific social problems, address an unmet need or under-served sections of society.
  • Investability & Impact
    • They look for ideas that have the potential to create long-term and sustained impact within their communities, at a city/state level and at scale, the business model is profitable, the solution is scalable with external investment and is unique in comparison to the competition.
  • Incubation
    • They look for individuals who are open to feedback, can gain from their incubation support and can give time-commitment to engage in the intensive program.

For more information, visit UnLtd India.