This virtual event provided mentorship, workshops, Investors & Government-connect for social startups across India in various sectors – Health, Education, Agriculture, Skilling, Environment, Disabled Welfare, etc.
Social Impact Bootcamp 2020 launched by Telangana State Innovation Cell (TSIC), ITEC & IC Department, Government of Telangana in collaboration with T-Hub Hyderabad, Bala Vikasa International Centre, Nutrihub-TBI, ICRISAT, and AISEA sees a successful completion with 61 social startups across undergoing mentorship and workshops on various aspects of the Social Impact and pitched to 20+ investors and 9 Government Departments of Telangana state.
Social Impact Bootcamp (SIB) was an intensive 4-week long mentoring program for social startups and enterprises that are solving some of the most pressing challenges we are facing today while contributing towards reaching the Sustainable Development Goals (SDGs). The Bootcamp launched in November 2020 saw 95+ applications which were then shortlisted to 61 startups.
From Structured Mentorship to Government-connect
A total of 36 mentors from various incubators within and beyond the state have mentored the startups with three hours dedicated to each. Post the mentorship the startups have also been given access to workshops on funding, pivoting, pitching refinement, and impact measurement thus finishing the cyclic need for any social startup.
The Bootcamp organised a demo day for investors where more than 20 investors from various organisations have heard about startup pitches. 28 startups have received 40 interests from multiple investors to further explore the solutions.
The Bootcamp organised exclusive department-specific pitching sessions where the startups have pitched to the Secretaries to Government, Spl. Chief Secretaries, and Principal Secretaries of the departments Agriculture, Health, School Education, Energy & Environment, Municipal Administration & Urban Development, Women, Child & Disabled Welfare, Information Technologies, Panchayat Raj & Rural Development. Few startups have been facilitated with connections through which the solutions for pilot procurement are being explored.
Speaking about the Bootcamp, Principal Secretary of ITEC & IC, Sri Jayesh Ranjan, said, “Telangana has been a pioneer in extending support to startups during unprecedented times. But during these times what we saw was a need for solutions inclusive of an empathetic approach to solve the social issues. The Bootcamp is a testimony to that notion. The Bootcamp paved way for 60+ startups across India to dialogue with State Government Officials in exploring the potential collaborations and has also set a strong base for Social Innovation Policy, the state is planning to launch.”
Ravi Narayan, Chief Innovation Officer, TSIC, said, “Post Covid, the broader role a business should play in society has undergone substantial change, with Social Impact element taking a centered dialogue. We at TSIC took a step to scout and rejig such 61 startups out of 96 applicants across India through mentorship and various connections. While the program’s major notion is to mobilise stakeholders for specific support to social startups, it also paved the way to build a vibrant ecosystem of Social Impact in the state inclusive of startups, NGOs, incubators, investors, mentors, and Government.”