AFI, IIITH, IITH, and T-Hub collaborate to build a social impact ecosystem for technology startups

HYDERABAD: Action For India (AFI), International Institute of Information Technology, Hyderabad (IIITH), Indian Institute of Technology Hyderabad (IITH), and T-Hub have announced a collaboration for developing an inclusive social entrepreneurship ecosystem in the state of Telangana.

The collaboration, formalised with an MoU on Friday during the annual Action For India Forum 2019 at ISB Hyderabad, focuses on pooling the four organisations’ experiences and resources to create an ecosystem to support tech-enabled, social impact startups, countrywide. The not-for-profit collaboration aims at delivering strategic scaling support to 5000 social impact startups over five years.

The alliance is designed to address the critical challenges faced by social entrepreneurs with a special focus on business model, market discovery, go-to-market strategy, scale-up strategy, right technology application and securing funds.

The AIC-IIITH FOUNDATION, an Atal Incubation Centre set up by IIITH to incubate and support tech-based social enterprises, will enhance the impact of the partnership. In addition, IITH in collaboration with AFI will open its doors to an upcoming accelerator program designed to catalyse social impact ventures. AFI, a social impact-driven platform for entrepreneurs, will further leverage its network and scaling mechanisms and engage the social enterprise ecosystem through the nascent AFI Impact Investment Fund, its Silicon Valley Leadership Circle, Influencer & Sector Champion networks, and deep government & policy linkages.

In parallel, T-Hub will bring its expertise in capacity-building, network of mentors, investors, corporate connect and legal advisory team to social impact startups to help scale business. IITH and IIITH will also enable social impact startups with technology upgradation and support with government connections.

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Ravi Narayan, CEO of T-Hub said in a statement, “India requires both venture model startups and social model startups to become a five trillion-dollar economy. The venture model startups have almost reached maturity. But social enterprises that improve human life by deploying technology need solid support and a robust growth ecosystem.”

Sanjay Kadaveru, CEO of AFI said in a statement, “As next-generation technologies surge forward, and social inequalities leave millions of Indians behind, we must be intentional to invest in social entrepreneurs who are committed to driving large-scale impact, as well as the proper infrastructure to create sustainable change. This partnership will help us in achieving our vision of creating a stronger ecosystem to enable social entrepreneurs to thrive and reach new heights.”

B. S. Murty, Director of IIT Hyderabad, said in a statement, “This partnership will aim at combining the strengths of all the ecosystem enablers to create an ecosystem for social impact startups – it will provide all the necessary capabilities that will help them scale rapidly.”

This social impact ecosystem will enable social entrepreneurs with the tools, networks and resources to scale business ventures. Significantly, it will formalise growth strategies to create social impact in India and across the globe.



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