Company:Social Alpha

From HandWiki
Foundation for Innovation and Social Entrepreneurship
TypeNonprofit organization
FoundedApril 2016
FounderManoj Kumar
Headquarters
Bangalore
,
India
Area served
India
Websitewww.socialalpha.org

Social Alpha is a venture philanthropy platform that supports social entrepreneurs under the legal entity of Foundation for Innovation and Social Entrepreneurship (FISE). Social Alpha was founded in 2016.

History

In April 2016, Social Alpha was founded by Manoj Kumar[1] to address the social sector challenges of market failure, mission drift, suboptimal scale, and business sustainability faced by entrepreneurs.

Activities

With its goal to promote innovation and entrepreneurship,[2] aggregate philanthropic capital, and create an effective mechanism for allocating resources to social entrepreneurs across India for the development sector, Social Alpha focuses its activities around:

  • developing sectoral problem thesis within livelihoods, health and climate.
  • scouting and discovering early-stage start-ups with entrepreneurs solving for problems that match sectoral thesis.
  • incubating[3] and funding (non-dilutive and dilutive) early-stage start-ups.[4]
  • managing innovation labs and venture accelerator infrastructure to help start-ups with pilots, idea validations, product management guidance, expertise with technology, business, and regulation, design and manufacturing support, market access and entrepreneurial mentoring.
  • offering philanthropic investors, donors, and corporates a curated portfolio of companies and projects for follow-on funding[5] and investments.
  • raising financial resources from philanthropic, government, and corporate partners.

Social Alpha runs Grand Challenges,[6][7][8] builds innovation platforms,[9] manages accelerators,[10][11] nurtures several start-ups, has joint ventures,[12] and ecosystem partners.[13][14][15]

References

  1. ↑ Agarwal, Surabhi. "Tata Trusts to invest in social sector startups". The Economic Times. https://economictimes.indiatimes.com/small-biz/startups/tata-trusts-to-invest-in-social-sector-startups/articleshow/60091914.cms. 
  2. ↑ "Tata Trusts, Social Alpha launch programme for entrepreneurs". The Hindu. https://www.thehindubusinessline.com/news/tata-trusts-social-alpha-launch-programme-for-entrepreneurs/article25486847.ece. 
  3. ↑ "Social Alpha announces incubation support for LetsEndorse". The Economic Times. https://economictimes.indiatimes.com/small-biz/startups/social-alpha-announces-incubation-support-for-letsendorse/articleshow/55438648.cms. 
  4. ↑ Ramarathinam, Ashwin. "Mumbai Angels Network and Social Alpha invest in MedPrime Technologies". mint. https://www.thehindubusinessline.com/news/tata-trusts-social-alpha-launch-programme-for-entrepreneurs/article25486847.ece. 
  5. ↑ "IIT Kanpur-backed start-up Phool.co raises $1.4 million in pre-Series A funding". The Hindu. https://www.thehindubusinessline.com/info-tech/social-media/iit-kanpur-backed-start-up-phoolco-raises-14-million-in-pre-series-a-funding/article32455013.ece. 
  6. ↑ K. R., Srivats. "SBI Foundation, Social Alpha launch a challenge to support assistive technology start-ups". The Hindu. https://www.thehindubusinessline.com/news/sbi-foundation-social-alpha-launch-a-challenge-to-support-assistive-technology-start-ups/article38027847.ece. 
  7. ↑ "Tata Trusts invites start-ups to create new tech solutions in energy sector". The Hindu. https://www.thehindubusinessline.com/news/tata-trusts-invites-start-ups-to-create-new-tech-solutions-in-energy-sector/article22723440.ece. 
  8. ↑ "Tata Trusts launches energy innovation challenge". The Economic Times. https://economictimes.indiatimes.com/news/company/corporate-trends/tata-trusts-launches-energy-innovation-challenge/articleshow/62887304.cms. 
  9. ↑ "Social Alpha Partners With United States-India Science & Technology Endowment Fund (USISTEF) To Announce Call for Ignition Grants". APN News. https://www.apnnews.com/social-alpha-partners-with-united-states-india-science-technology-endowment-fund-usistef-to-announce-call-for-ignition-grants/. 
  10. ↑ Venugopalan, Anjali. "Accelerator launched for startups that make tech for disabled". The Economic Times. https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/accelerator-launched-for-startups-that-make-tech-for-disabled/articleshow/69974157.cms. 
  11. ↑ "Tata Trusts-backed Social Alpha sets up aerospace accelerator and incubation platform". The Economic Times. https://economictimes.indiatimes.com/small-biz/entrepreneurship/tata-trusts-backed-social-alpha-sets-up-aerospace-accelerator-and-incubation-platform/articleshow/88430266.cms. 
  12. ↑ "Social Alpha launches mach33.aero along with NRDC, NAL to nurture start-ups in aerospace engg". Times of India. https://timesofindia.indiatimes.com/social-alpha-launches-mach33-aero-along-with-nrdc-nal-to-nurture-start-ups-in-aerospace-engg/articleshow/88435304.cms. 
  13. ↑ Sheth, Hemai. "Microsoft launches programme for health-tech start-ups, collaborates with Social Alpha". The Hindu. https://www.thehindubusinessline.com/info-tech/microsoft-launches-programme-for-health-tech-start-ups-collaborates-with-social-alpha/article33130731.ece. 
  14. ↑ Prasad, Surabhi. "DBS Bank India ties up with Social Alpha to incubate social entrepreneurs". The Hindu. https://www.thehindubusinessline.com/money-and-banking/dbs-bank-india-ties-up-with-social-alpha-to-incubate-social-entrepreneurs/article28917344.ece. 
  15. ↑ "Microsoft partners Social Alpha to accelerate growth of healthtech startups in India". The Economic Times. https://economictimes.indiatimes.com/tech/startups/microsoft-partners-social-alpha-to-accelerate-growth-of-healthtech-startups-in-india/articleshow/79301783.cms. 


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