The Schwab Foundation for Social Entrepreneurship, a sister organisation of the World Economic Forum and the Jubilant Bhartia Foundation, not-for-profit organisation of the Jubilant Group has invited applications for the ‘Social Entrepreneur of the Year’ India 2013 Award. The deadline for submitting the first round application is May 31, 2013. The Social Entrepreneur of the Year award celebrates leading social entrepreneurs and their ventures that design and implement innovative, practical and sustainable solutions to address poverty and the lack of basic services and resources in ‘Bottom of the Pyramid’ and ultra-poor communities (i.e. health, education, job creation, water, clean energy and access to information and technology). Whether they set up for-profit entities, hybrid social ventures or not-for-profit organisations, the primary focus of social entrepreneurs is large-scale, transformational impact. They achieve sustainability for their ventures through a creative combination of user fees, revenue through the sale of products and services, grants and key partnerships with governments, business and other sectors.

To find out more about the award or to apply visit the Schwab Foundation website by clicking here.