ISD announces nationwide idea competition for working professionals

Updated on: Saturday, September 22, 2012

 of Business (ISB) announces ISB iDiya, a nationwide idea competition for working professionals interested in setting up ventures that have the potential to create social impact. Started by students of the Net Impact Club at ISB, iDiya has been a platform for social entrepreneurship with participation of professionals from diverse backgrounds, leading VCs, and some of the best minds from the social sector, since it was launched in 2009.


Institutions such as NABARD, Upaya Social Ventures, Ckinetics, Villgro and Ennovent have committed to provide funding support to these aspiring entrepreneurs. As a result, the total investment opportunity for the ideas selected through ISB iDiya this year has increased to Rs 1.725 crore. Every year, the winners have been funded and mentored by some of the prominent names in the industry such as Acumen fund, Intellecap, Unitus capital, Grey Matters Capital, Mumbai Angels, India quotient, Seed Fund, Canaan Partners, Dasra, Unltd India, GVFL, Venture east, Bharti Foundation, Edelgive Foundation, Wadhwani Centre for Entrepreneurship Development at ISB, SONG Advisors and Caspian Advisors.


The competition seeks to promote scalable and sustainable businesses in the fields of agri-business, health, education, energy, environment, women’s empowerment, disability etc. The last date for submitting the applications is September 30, 2012. The evaluation of ideas will be based on three main criteria –measurable quantitative and qualitative social impact, ease of implementation and economic feasibility of the idea, scalability and sustainability of the idea. The best ideas will be chosen by a panel of venture capitalists, industry leaders, entrepreneurs and ISB faculty. The competition culminates into a fully paid week-long boot camp in the first week of December 2012 at the ISB. For more information, visit www.isb.edu.

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