XLRI signs MoU with American Varsity

Updated on: Tuesday, March 15, 2011

XLRI school of Business and Human resources, Jamshedpur and Santa Clara University (SCU), California, USA, have signed an MOU recently to promote and foster social entrepreneurship in India.
The two institutes have decided to collaborate whereby XLRI will be the Indian partner to manage and support Global Social Benefit Incubator (GSBI), the signature programme of the Center for Science, Technology, and Society of Santa Clara University, XLRI release said here.

GSBI (Global Social Benefit Incubator), a globally-known incubation programme started by the Santa Clara University in 2003, screens and selects about 15-20 social ventures from across the globe every year and incubates them by providing technical inputs, mentoring support and some grant to make them investor-ready.

Over the year, there were about 30 GSBI alumni social ventures in India, which included some of the globally well-known organizations such as Gram Vikas, Jaipur Rugs, Drishtee, Mother Earth, Husk Power Systems, Video Volunteers, Naandi Foundation, the release said.

As GSBIâ€™s Indian partner, XLRI Jamshedpur will identify and recommend Indian social entrepreneurs to GSBI for incubation, and access to seasoned Silicon Valley mentors. In addition, XLRI will also partner with SCU to conduct due-diligence on the Indian applicant to ensure appropriate potential and quality.

As the Indian partner, faculty from XLRI will provide this post-incubation mentoring support to the Indian social ventures.

Having developed and tested the model for fostering social entrepreneurship through its GSBI program over years, Santa Clara University was aiming to form international partnerships across the campuses to promote and support social entrepreneurship. This partnership with XLRI Jamshedpur was the first international partnership which Santa Clara University has formed.

XLRI signs MoU with American Varsity

More Education news