IIM Calcutta announces The Launch of the TATA Social Enterprise Challenge (TSEC) 2022-2023, a joint initiative by the Tata Sons and the Indian Institute of Management Calcutta (IIM Calcutta). It is a National Level Challenge to find India’s most innovative and promising social enterprises.
Program Benefits
1. Seed Funding upto Rs. 1 Crore
2. Cash Prize upto Rs. 10 Lakhs
3. Opportunity for Incubation @ IIM Calcutta Innovation Park
4. Capacity Building Programs, Mentoring & Business Support
5. Pitching opportunity to India’s largest Impact Investors
Eligibility
Social Enterprises, with innovative solutions working in sectors like Agriculture & Food, Healthcare, Clean Energy, Education & Skill Development, Handloom & Handicrafts, Climate Action, etc. should apply.
The Challenge is held in Five stages
- Application Round – In this round, teams are required to submit Impact Proposals through the Challenge website. The Impact Proposal is a detailed business plan format developed to capture the needs and the impact created by a social venture. The Top 100 Impact Proposals are selected for the next round.
- Regional Rounds – Pitching Rounds are conducted in 5 regions across the country for the Top 100 teams shortlisted from the application round. The Top 20 teams are selected for the Semi-Final round.
- International Round – An exclusive pitching session is conducted for the international teams participating in the Challenge, out of which the Top 4 teams are selected for the Semi-Finals.
- Semi Final Round – The Top 24 teams selected from the Regional and International Rounds, are invited to pitch to a panel of esteemed judges from the entrepreneurship ecosystem. The Top 12 teams are selected for the next round.
- The Grand Finale – The12 teams selected from the Semi Final Round make it to the Grand Finale and pitch to a panel of esteemed judges, consisting of TATA Business Leaders, CEOs/Founders of VCs, Social Entrepreneurs and faculty from IIM Calcutta.
Judging Criteria
The Judges will review and evaluate the Impact Proposals of all the teams using the following criteria:
1. The Business Model
- Innovation and uniqueness offered by the business model
- Clarity of the business model
- Financial feasibility of the business model
2. The Social Impact
- Nature of the metric used for measuring social impact
- Quantifiable potential and social impact created (if applicable)
- Empowerment of stakeholders involved
3. Sustainability
- Scalability of the business model
- Feasibility of implementation plan
- Clarity of vision, social and financial objectives
- Quality of the management team
Last Date for Application: March 15th, 2023