Chaperoning your Entrepreneurial Journey
Supporting SOCial ENTrepreneurs to bloom by providing them highly resourceful insights, knowledge, training, and network
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
- Education & Access to Knowledge
- Networking & People Connection
- Financing & Access to Finance
- Facility Based Services
- Brand Building
- Business Services
- 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
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:
- In-house experts
- Industry experts
- The finalists are taken in for the final cohort
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.
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.
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.
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.
An opportunity to pitch in front of a larger audience of investors, mentors, NGOs, industry stalwarts, funding agencies, and other relevant stakeholders.
We were offered monthly mentoring and coaching sessions, workshops and training programs combined with regular review of our progress to ensure our continuous growth. We are blessed to have been supported by BVIC through SOCENT fellowship program.
Monisha Vemavarapu, Neha Swain
BVIC not only helped us with its vast network of rural connections optimizing our efforts and time but also empowered and made us realize our potential as entrepreneurs. The program challenged our capabilities and fastened our growth process, which would not have been possible otherwise.
Vandhya Lakkaraju ,Rekha Mutyala
We are glad to have the opportunity to collaborate with BVIC and it has been proved to be very fruitful for us. They supported us in start-up incorporation, financial aspects, business fundamentals, enhancing our social impact, product testing, along with continuous mentoring. It was an overwhelming experience.