Intellecap, the organisation that runs The Sankalp Forum, The UK Department for International Development (DFID) and the German Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) recently announced their collaboration to launch Sankalp Forum-Samridhi Social Enterprise Recognition competition.
Recognising the immense potential that the eight Low Income States holds for the growth of social enterprises, the forum aims to unlock the potential at the “Bottom of the Pyramid” by supporting high impact small and growing businesses in Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa, Rajasthan, Uttar Pradesh and West Bengal.
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The initiative is going to focus on creating an enabling ecosystem for early-stage enterprises that are impacting the poor in the selected states. It is hoped that the Sankalp regional forum will further catalyze a host of services and investments in the under-served region by bringing together several partners and regional stakeholders.
The Sankalp Forum-Samridhi Social Enterprise Recognition is currently inviting nominations from businesses in sectors like clean energy, agriculture and food, and provision of basic services. The initiative has announced a cash grant of INR 5 Lacs to an enterprise that showcases social impact alongside a strong business and an additional cash grant of INR 2 Lacs to an enterprise that produces maximum positive impact for women. The enterprises will be recognised at a Regional Summit scheduled for October 2012 in Patna, Bihar.
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