The opportunity

Significant market opportunity exists to develop sustainable solutions to social and economic difficulties faced by low-income communities. Yet, providing relevant products and services to these markets is often complex and high risk.

There is a serious SHORTAGE OF SOCIAL VENTURE INCUBATORS to provide the capacity-building and incubation support needed at idea/pilot/test stage, both in India as a whole and particularly in the low-income states.

To address this challenge, Technology Development Board (TDB), Government of India, in partnership with Department for International Development (DFID), UK have initiated the Innovative Ventures and Technologies for Development (INVENT) program, to be managed by Villgro.


Innovation-led
entrepreneurship, given an
impetus by the government’s
‘Make in India’ campaign, has the
potential to reduce poverty at
scale as the emphasis is on
affordability, sustainability,
reach and scalability.

our programme

INVENT aims to support up to hundreds of entrepreneurs in the eight low-income states (LIS)
Bihar | Chhattisgarh | Jharkhand | Madhya Pradesh |
Odisha | Rajasthan | Uttar Pradesh | West Bengal

and make dozens of them investable in the next three years.

It is designed to provide funding and capacity building to incubators located in these eight LIS of India, for
supporting early stage social enterprises operating in these states.

The lead incubator

Based on its 15 years of experience in incubating social enterprises, Villgro Innovations Foundation, as the lead incubator, is supporting 4 other incubators, with the ultimate goal of creating a viable social enterprise (for-profit) pipeline for impact investments.

The selected incubators
& hOW TO APPLY

Startup Oasis

Startup Oasis

Focus states

Rajasthan | Madhya Pradesh

apply at

www.startupoasis.in/invent.php

SIDBI Innovation & Incubation Centre (SIIC), IIT Kanpur

SIDBI Innovation & Incubation Centre (SIIC), IIT Kanpur

Focus states

Uttar Pradesh | Chhattisgarh

apply at

http://www.iitk.ac.in/invent/

IIM Calcutta Innovation Park (IIMCIP)

IIM Calcutta Innovation Park (IIMCIP)

Focus states

West Bengal | Bihar

apply at

www.iimcip.org/invent

KIIT Technology Business Incubator (KIIT TBI)

KIIT Technology Business Incubator (KIIT TBI)

Focus states

Odisha | Jharkhand

apply at

www.kiitincubator.in/social-incubation.html

For further information, please contact:
Paramjyoti Chattopadhyay
INVENT Program Leader | paramjyoti@villgro.org

Social Enterprise

  • For-profit business
  • Addresses one or more needs of people living in LIS low-income population/communities
  • Based on technology or business model innovation
  • Scalable
  • Capable of raising further funding from other investors

The benefits for social enterprises

The incubation support for early-stage social enterprises includes:

Seed funding

Capacity building and knowledge products

High-touch mentoring

Access to relevant networks

Access to facilities

Access to other support services

Access to downstream investment