Villgro, India’s leading social enterprise incubator, has launched – iPitch, a nation-wide challenge for finding socially impactful initiatives.
The Villgro iPitch platform invites companies currently working in sectors such as healthcare, agribusiness, education, skill development, ICT, and renewable energy to pitch their ideas to garner seed fund investments of around INR1.5 crore and be considered for another INR5 crore investment from the Menterra Social Impact Fund. The incubator is looking for a viable revenue generating enterprise with nationwide scalability, which has already garnered customer traction (even though in stages of product- development). Villgro invite proposals, especially from low-income states of India based on their objective of uplifting the underprivileged in these states.
Villgro iPitch will consider enterprises that have an immediate and fruitful impact on the lives of the underprivileged and should be affordable. One of the primary requirements for selection for funding is the commitment of the founders/ founding team, who must implement their ideas with impeccable execution and out of the box solutions that invoke confidence among stakeholders.
City-level pitches by social enterprises will be unveiled on 8 January 2018, while the announcement of shortlisted candidates will happen on 3 March 2018. The last date for application is 22nd December 2017.
Date: 16.12.2017 | Source: Villgro iPitch