Mumbai-based Mumbai-based impact investing advisory firm Intellecap has entered into a strategic partnership with and rural sector focused incubator Villgro to leverage the experience and networks of both organizations to better assist social entrepreneurs developing innovative business models across India. The two organizations will jointly organize the annual “Sankalp Unconvention Summit” in Mumbai in April 2013 to create a larger meeting of entrepreneurs, investors, donors, policy makers and other stakeholders. More than 1000 delegates are expected to attend the three-day summit.
“It’s time that action moved from Mumbai and Delhi, deeper into other cities across India. Through this partnership, we hope to inspire, discover, mentor many more innovative social entrepreneurs,” Villgro founder Paul Basil said in a press release last week. Villgro plans to discover and nurture budding entrepreneurs through its programme ‘Unconvention-L’, a series of local events in Tier II and III cities across India. The programme, with Intellecap, also hopes to develop city-specific hubs of entrepreneurship that become catalysts for future activities.
Villgro incubates, funds and supports early stage social enterprises that impact the lives of India’s rural poor. In the past decade, it has supported 55 Enterprises , secured Rs 20 crore in follow-on funding , created more than 2000 jobs and impacted 400,000 rural lives. “Together we will be able to build a substantially broader and deeper ecosystem for social enterprises across India based on the relative strengths and different experiences and expertise of the two organizations,” Intellecap COO Anurag Agrawal said.
Image credit: Villgro, Intellecap