Why Indian industry needs science-based social innovation and entrepreneurship
Social Alpha is setting up a number of endowment and investment funds to ensure that enough catalytic risk capital is available in the high impact social innovation space
India is the world’s third largest start-up ecosystem. The good news is that it is not limited to large metros. About 20% of existing start-ups have been born in Tier II and III cities. Most start-up founders are technologically aware, socially conscious, and entrepreneurially confident. Even more inspiring is that they are not just about getting rich quickly. A number of start-up teams are driven by a mission to create impact in complex areas like health, agriculture, water, education, energy or even rural livelihoods. Behind this growing surge are aspiring individuals. Not surprisingly, 18 states today have start-up policies.