They imagine an India where entrepreneurs and innovators have access to the resources they need to create deep and irreversible impact.
At Social Alpha, they believe that science and technology innovations and entrepreneurship has the potential to bring about a positive change in the life of masses. They search for entrepreneurs and innovators who are on a ‘mission to create social, economic and environmental impact’ and support them through their ‘lab to market’ journey, as they create compelling solutions to fight poverty and address India’s intractable developmental challenges.
IN PURSUIT OF GAME CHANGING, DISRUPTIVE INNOVATIONS
The current science and technology based entrepreneurship ecosystem needs innovative alternatives to mainstream venture investing models – a new category of risk underwriting which is not averse to extremely high early stage risk. They have carefully designed a 3-tier ecosystem architecture to nurture entrepreneurs and innovators through their lab to market journey. This architecture connects the innovation and investment ecosystems and allows for an effective mechanism for allocating resources to mission driven entrepreneurs. The architecture has been designed to drive convergence between the objectives of the entrepreneurs seeking financial and operational support and the providers of risk capital and technical expertise. Social Alpha was launched in 2016.
Social Alpha architecture is built around a not-for-profit platform, Foundation for Innovation and Social Entrepreneurship (FISE) and operates through a nationwide network of technology and business incubation infrastructure, sponsored and enabled by Tata Trusts, Government of India and a number of academic, philanthropic and corporate partnerships.See more