Deadline: 25-Jul-22
The Incubator for Social Enterprises and Entrepreneurs for Development (ISEED) is excited to launch an open call for applications for the LIC HFL – IRMA Social Trailblazer Program.
This initiative will support innovative startups with scalable social business models and dignified job-creating models by providing them with financial capacity building and go-to-market support.
Thematic Areas
The ambition of the Social Trailblazer Program is to support distinguish players operating in the following key fields of intervention:
- Livability: Social innovation for improved waste collection and management in low-income settlements and better working conditions for waste-pickers covering the following aspects,
- Healthcare
- Waste management
- Clean Energy & Sustainable Mobility
- Livelihood: Innovative solutions to tackle landfills and dumpsites which include,
- Arts & Crafts
- Agribusiness
- Education & Skill Development
Incentives
- Tax Incentives
- A financial award Upto INR 15,00,000 in the form of Equity Funding and INR 7,50,000 in the form of Grant Funding top 10 selected startups.
- 1-year of personalized incubation and acceleration support at IRMA ISEED Foundation.
- Top-up Incentives
- Upto INR 50,00,000 follow-on investment from Villgro to eligible startups.
- Upto 100,000 USD worth of AWS credits and technology support to top 10 incubatee.
Eligibility Criteria
- Demonstrating the existence of a legal structure: the challenge is open to startups registered in India.
- Addressing one of the two themes mentioned above.
- Demonstrating the existence of a sustainable and autonomous economic model with a Minimum Viable Product or service ready stage and onwards.
- Social impact & Innovation are the heart of the solution.
- For-profit startups with more than 3 months of operations.
Evaluation Criteria
Here are some points to keep in mind while applying
- Robustness of the operational and commercial model
- Potential for replicability and/or scalability
- The team is composed of diverse and complementary expertise with technical, commercial and administrative profiles. Added bonus for women-led teams or teams with a significant number of women.
- Assertive social impact strategy and ability to measure it
- The funds should contribute in a positive and concrete way to the development of the entrepreneurial project.
For more information, visit https://www.startupindia.gov.in/content/sih/en/ams-application/incubator-program.html?applicationId=62a55ec4e4b0a0b71410a1dd