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SOCENT Fellowship

Chaperoning your Entrepreneurial Journey

Supporting SOCial ENTrepreneurs to bloom by providing them highly resourceful insights, knowledge, training, and network

 

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SOCENT Fellowship

BVIC offers SOCENT Fellowship to early age social startups, helping them in their entrepreneurial journey with mentorship, seed funding, knowledge sessions, workshops and training. SOCial ENTrepreneurship Fellowship program helps startups find the answers to the questions that hinder their way to success and also addresses questions they didn’t know they had.

BVIC provides nominal seed money to its select incubatees in the form of grants. They also get access to the vast network of BVIC and Bala Vikasa spread across all the levels – grassroots, professionals, industry leaders, donors, and more.

SOCENT is designed to help startups develop more sustainable, scalable market-based solutions to the problems faced by the communities by addressing all the specific requirements of each startup

Benefits:

  • Mentoring
  • Education & Access to Knowledge
  • Networking & People Connection
  • Financing & Access to Finance
  • Facility Based Services
  • Brand Building
  • Business Services

Eligibility:

  • Highly motivated, and committed Social Entrepreneur
  • Early-age startup with an innovative and impactful idea/solution to address any social issue
  • A working prototype for pilot studies
  • Technological fix/solution to curb any social problem
  • Passionate to make a difference with business solutions
  • Willful to learn and experiment

Selection Process:

After receiving the applications startup are shortlisted on the given accounts:

  • Impact Potential
  • Scalability of Proposed Solution/Impact
  • Team Capabilities
  • Founders’ Background
  • Market & Financial Attractiveness
  • Business Feasibility

The shortlisted startups go through a final round of interview, which is conducted by:

    • Entrepreneurs
    • Investors
    • Mentors
    • In-house experts
    • Industry experts
    • The finalists are taken in for the final cohort

Cohort Design:

BVIC follows VCA method as the anchor concept in SOCENT

  • Neuro Linguistic Programming – (NLP)
    – Role of Positive Psychology for Motivation in Entrepreneurial Development
  • Asset Based Community Development (ABCD), PRA, AI & TBL
    – How to Build Socially Minded Enterprises and Mobilize Communities
  • Learning by Doing (Conation)
    – Understanding the Entrepreneurial Process
  • Result Based Management (RBM)
    – Building and Managing Impact Enterprise

BVIC Incubation: Program

Induction and Introduction

An induction session to introduce incubatees with BVIC team, get familiar with their ideas and allow them to gain perspectives from peers.

Target setting

Helping incubatees in defining their goals and set a roadmap to achieve it by addressing the potential impact, scalability, stakeholders, business and financial model, and management.

Facility based services

Offering fully furnished office space with seating space for two from each startup that can also serve them as permanent office address and provide required infrastructural facilities such as meeting and conference room, printers and more.

Customized training

Identifying the individual needs of each incubate and support them building capacities in the areas of strategy making, execution, leadership, soft skills, personal growth, and relationship building.

Amalgamating responsible business practices

The business sustainability concept is fast evolving as global stewardship for businesses. Keeping that in mind, BVIC helps in embedding the practices of Environment, Health and Safety (EHS) in core operations of enterprises.

Workshops and Seminars

In-house and industry experts, senior entrepreneurs, and professionals help incubatees get a better understanding of the areas like market assessment, communication, branding, legal and governance, finance, vision, strategy, investment management, and more.

Networking

Opening the vast network of the organization for incubatees helping them in engaging with sector experts, funders, like-minded individuals, and grassroots test grounds/potential customer base.

Seed fund/Grant and Follow-on

Providing incubatees with a grant or seed money to help them establish a better footing and support them in designing and executing the right pitch. The BVIC team also does a strict follow-up based on milestones and progress.

Social Impact and Business profitability

Impart the knowledge to evaluate the idea from an intended impact perspective and potential of sustaining in market competition.

Periodic Strategic Reviews

Periodic strategic business review from in-house and external reviewers to enhance the quality of enterprises and business models. This also helps in continuing grant support.

Demo Day

An opportunity to pitch in front of a larger audience of investors, mentors, NGOs, industry stalwarts, funding agencies, and other relevant stakeholders.

To know more about the program, please reach out to

Mr Satya Raj
Email: satya@balavikasa.org
Phone: +91 98497 44120

Testimonials

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