Deadline: 8-Jun-22
Together with Swiss Re, Ashoka and BOOKBRIDGE, have launched the 2022-2023 edition of Shine Program, which supports next generation social innovators in translating their ideas and solutions into scalable business models to maximize social impact.
The Foundation is looking for early-stage entrepreneurs in India, who are trying to address challenges in the areas of Natural Hazard and Climate Risk Management (climate smart agriculture, disaster risk reduction, Transformation to net zero – e.g. renewable energy, afforestation, recycling, ) and Access to Health (including healthy nutrition).
The selected social entrepreneur will go through a six-month immersive nurture program during which they will be partnered with Swiss Re experts and leadership & business coaches to develop a financially feasible and scalable business plan that can have tangible social impact.
Focus Areas
Applicants’ impact areas must be aligned with one of the Swiss Re Foundation’s strategic focus areas:
- Transformation to Net-Zero (renewable energy, afforestation, recycling etc)
- Healthy nutrition
- Access to health
- Climate-smart agriculture
- Disaster risk reduction
What Shine offers to social innovators?
- Grant amount of up to INR 2000000 to realise their vision
- Access to skills and expertise of Swiss Re talent for six months
- Sharpened focus and approach to scale business
- Personalised leadership coaching in line with international standards
- Visibility in the local social entrepreneurial ecosystem
- Long-term association with Swiss Re Foundation.
Phases
- Social Innovator Award: The submitted applications will be evaluated, and shortlisted entrepreneurs will be interviewed to select a winner who will enter the Action Learning Program along with a cohort of Swiss Re employees. The winner will also receive the Shine Social Innovator Award including a grant of INR 500000.
- Action Learning Program: The social innovator will team up with Swiss Re employees and go through an accredited Action Learning Program facilitated in collaboration with our partner BOOKBRIDGE. During this immersive six-month journey, the innovator along with Swiss Re employees will together define problem areas for the business, engage with target communities, design and test solution prototypes and develop a viable business plan. They will then pitch this plan to the Shine panel of experts with the aim to earn an additional grant of INR 1500000.
- Impact monitoring: The Swiss Re Foundation will monitor the progress, impact and sustainability of the social enterprise for a period of two years after the Action Learning Program phase to ensure stability and growth.
Who should apply?
- Innovation: Applicants must display high levels of innovation in their product, service and/or delivery. The solution must be focused and should address a critical social or ecological challenge.
- Maturity: Applicants must be early-stage enterprises that have an established proof of concept for their offering and are looking to accelerate their growth.
- Mission and purpose: Applicants must have a strong social purpose and commitment and an outcome-focused approach to their impact area.
For more information, visit https://www.swissrefoundation.org/what-we-do/volunteering/lend-a-hand/Shine-Program.html
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