Compiled by: Perzen Patel
This week on our roundup we feature an important Economic Times article that predicts that social enterprise in India may be about to become the next big ‘bubble’ after micro-finance and our insights at Ennovent on this topic. We also propose that it may be solar power that could help alleviate Delhi’s power shortage and highlight the 5th iDiya Challenge being run by ISB. Finally, do you think games for social good can make the leap to the mainstream market – check out what one Facebook game has achieved till date!
India as a country is still reeling from the burst of the microfinance industry that debilitated an entire industry that works for the poor. Many such as Vineet Rai, Founder and Chairman of Intellecap therefore feel that perhaps, “the hype around impact investing far outweighs the reality”.
The article continues to share how the entry of several funds in the market has resulted in two kinds of investor sets – impact first and profit first. Moreover, it talks about the need for a new order in impact investing to tackle the current problems of chasing returns, blurring of impact and dilution of ownership. Ennovent addressed the concerns raised in this article in depth in an earlier post – check it out to get the complete picture.
The power shortage in India is the topic of much exasperation; none more so than in 2012 when large parts of Northern India were left without power for days. This is why the idea that solar power could be utilised to address Delhi’s power shortage has received much attention.
The production of solar power in India is largely concentrated in the states of Gujarat and Rajasthan at the present time. A solar power proposal was rejected by the Delhi state government in 2011 because they felt it to be unfeasible. However, there has been a dramatic cut in the cost in solar power with the article suggesting that the price has dropped as much as 50% in the last two years. Should the Delhi government reconsider this option – that remains to be seen.
iDiya is a National Social Venture Ideas Competition targeted at working professionals and early stage social ventures. It provides an opportunity to budding entrepreneurs to propel their self–sustaining business ideas. Apart from the prize money and corpus funds, top 10 teams are invited to one-week long bootcamp session at ISB campus, where they receive valuable mentoring support to help convert their dreams into reality.
The 5th iDiya challenge was launched yesterday on 26th July and registrations are now open. Check out their website for full details on registration, selection criteria and awards.
Did you know that a Facebook game called Half The Sky Movement: The Game has tasks that transfer to real-world donations and social action opportunities. With just a few thousand short of a million players, the game has donated more than 219,800 books, funded US$136,000 worth of surgeries and raised nearly $350,000 to empower women worldwide!
Do you think such games for social good can make the leap to the mainstream market? Tell us what you think below.
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