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Creating Impact through Social Ventures

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INVENT-Social Ventures

INVENT , an acronym for Innovative Ventures and Technologies for Development, is a joint initiative of the Technology Development Board (TDB), Government of India , Department for International Development (DFID), Government of the United Kingdom and Villgro Foundation as the monitoring agency for the implementation of the program. INVENT aims to make a positive social impact by providing incubation support to technology-oriented start-ups whose offerings could benefit the Bottom of Pyramid of the society.
       The INVENT addresses challenges and barriers across inclusive innovation lifecycle, for the benefit of up to 1 million poor people at the bottom of the economic pyramid. The incubation support is aimed at creating a viable pipeline for impact investments in the 8 low income states of India (Uttar Pradesh, Madhya Pradesh, Bihar, Chhattisgarh, Jharkhand, Rajasthan, Orissa and West Bengal).

Criteria

  • Social Venture with a sustainable business model.
  • Impacting the Bottom of Pyramid demography.
  • Innovative Technology.
  • Scalable Business Model.

Eligibility

  • Any start-up which has a plan to reach out markets of at least one of the 8 low income states viz. Uttar Pradesh, Madhya Pradesh, Bihar, Chhattisgarh, Jharkhand, Rajasthan, Orissa and West Bengal.
  • Market Ready Stage or already having some customer traction.
  • Incorporated as a private limited company (LLP/partnership firms are not eligible).
  • Need to have a viable business plan.

We Offer

  • Milestone based Seed funding upto 30Lakhs INR
  • On-campus as well as virtual incubation available
  • Dedicated mentors with sector expertise
  • Access to Lab facilities of IIT Kanpur
  • Investor Connect for follow-up funding

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