Sankalp Awards winners announced, launch of StartUp Wave

Day 1 of the 2014 Sankalp Unconvention Summit closed yesterday with the unveiling of the winners of the Sankalp Awards for this year. The winners, chosen from 24 finalists, included Kinara Capital (financial inclusion category), Spatial Ideas (technology for development category), Karadi Path (education category), MicroGraam (women’s empowerment category), Aura Herbal (cleantech category), iKure Techsoft (healthcare category), Swayambhu Biologics (agriculture and livelihoods category), NoKooda (clean cooking solutions category).

“The true impact potential of social enterprises is at the base of the economic pyramid, therefore seeing an operational focus in low income regions of India is extremely encouraging. This year’s process also had about 46 per cent of the finalists in growth stage, seeking equity to tap newer geographies and markets. In fact, the average ticket size that each enterprise is looking to raise in equity is close to Rs 9 crore,” Sankalp Forum director Aparajita Agrawal said.

In addition, iMerit won the People’s Choice award this year.

Day 1 also saw the launch of the StartUp Wave platform, a virtual incubation platform supported by GIZ and DFID, which will provide pre-incubation and incubation services, followed by pitching opportunities to over 350 investors.

Highlights from the opening day of the summit:

Team MicroGraam won the 2014 Sankalp Award in the women’s empowerment category. MicroGraam was founded in 2010 by Rangan Vardan and Sekhar Sarukkai. It is a is a peer-to-peer lending platform that enables rural entrepreneurs to access loans from socially minded investors.

Team NoKooda took home the Sankalp Award for clean cooking solutions. Founded by Manish Pathak and Manoj Pathak, the company’s solution converts organic waste from horticulture, vegetable and fruit Mandis, temples and residential units into clean energy sources and products, which include organic animal feed and fertilizer.

GIS solutions startup Spatial Ideas won the Sankalp Award in the technology for development category. The Mumbai based company, founded in 2009, has developed Viking, a platform that converges GIS, mobile applications, business intelligence and biometrics to deliver e-governance services in areas such as sanitation, healthcare and public distribution systems.

StartupCentral is a digital media partner for Sankalp Unconvention Summit 2014