Impact Quest

Objectives:

• Support to Entrepreneurs:By providing access to resources, mentorship, and networking opportunities, incubator will help social entrepreneurs to succeed and to make a difference in the lives of millions of people.
• Create Livelihood opportunities: Increase livelihood opportunities in remote pockets of country through social enterprises.
• Foster Innovation: It aims to provide a springboard to budding innovators and entrepreneurs who wish to launch themselves into the world of social enterprises. Innovators’ bright ideas to develop a successful product or service based business solutions using advanced technology and social interventions can be groomed and mentored at the centre.
• Infra Support: It is designed to provide entrepreneurs all the necessary support and guidance to make their business ventures successful. The highly innovative and productive environment of the centre provides entrepreneurs the right ambiance to build up technology ventures at international standards.
• Encourages social start-ups: For-profit & Non-profit, with technology products/services innovations with in a time bound process that transforms the prospective entrepreneur to conceptualize the product/service offerings and ideas to develop a ‘Market viable prototype’ followed with rigorous go to market intervention to successfully launch their product and services and subsequently scaling up the venture into a scalable business model.
• Build Capacity: Enhance the capabilities of social startups to scale their impact and achieve sustainability.
• Create Impact: Drive measurable social impact through the successful incubation of social business startups

• Agriculture & Allied
• Healthcare & Life science
• Circular Economy/Waste Management
• Rural Livelihoods & Enterprises
• Inclusive Development
• Climate Action

The program focuses on providing the technical assistance along with grand and equity funding to top 15 start-ups. This plan will rolled out in various phases as explained in the preceding sections. To give a brief about selection criteria, in the initial stage applications would be invited with the launch of the programme. 30 start-ups would be shortlisted through the rigorous screening process; the parameters for the selection of these 30 start-ups would be as follows:

1. Entrepreneurs/Start-ups may be an individual or group of individuals working towards development of innovative products/ processes/ services and must have a scalable business model with a high potential of employment generation or wealth creation.
2. Entrepreneurs/Start-ups may be registered under either form of business entity as follows:
• Private Limited Company (under The Companies Act, 2013); or
• Sole proprietorship Company; or
• One Person Company; or
• A Registered Partnership Firm (under The Indian Partnership Act, 1932); or
• A Limited Liability Partnership (under The Limited Liability Partnership Act, 2008);or
• A “Commercial Establishment” in any other form allowed by Government of India laws or as notified in the Official Gazette.
• Non Profits Organisations with Revenue Model desiring to convert in For-Profit entity
3. Entrepreneurs/Start-ups with no legal registration may be considered for incubation provided the application is submitted in the names of all promoters/founders.
4. Further to the criteria mentioned in Section 2, the registered Start-up:
• Must not be older than 2 years from the date of registration/ company incorporation (Biotechnology-related Start-ups must not be older than 3years from the date of registration/ company incorporation).
• Its annual turnover (as defined in the Companies Act, 2013) in any preceding financial year must not exceed INR. 25 Lakhs.
• Must not be formed by splitting up, or reconstruction, of a business already in existence.
• Must be working towards development of innovative products/ processes/services and must have a scalable business model with a high potential of employment generation or wealth creation.

A strategic selection committee will assess applications, and the selection will be made accordingly.

For the final selection of the 15 start-ups, we will organize a pitch event where these 30 start-ups will present a pitch in front of the selection committee.

• Business Feasibility
• Market potential and scalability
• Social Impact
• Innovation
• Team composition and Capability

Note: These are estimated days subject to change as per the situation*

No, Our mission is to nurture and grow early-stage social entrepreneurs who can build high-impact sustainable organizations. We however also encourage Social Entrepreneurs incubated by BHARAT IMPACT India to support new Incubatees of subsequent cohorts.

This program is a hybrid of Online and In-person. In person workshops will be conducted alternatively for Boot Camps from time to time.

• Agriculture & Allied: Startups at the PoC/Prototype stage be considered to validate innovative agricultural techniques or technologies before scaling up.
• Healthcare & Life Science: Given the critical nature of this sector, startups at the MVP stage are preferable to ensure they have a viable product that meets regulatory standards and can be tested in real-world scenarios.
• Circular Economy/Waste Management: Startups at the PoC/Prototype stage  will be selected to test new waste management solutions and circular economy models on a smaller scale before broader implementation.
• Rural Livelihoods & Enterprises: Startups at thePoC/Prototype stage  should be prioritized to pilot new business models or livelihood solutions in rural settings, ensuring they are feasible and impactful.
• Inclusive Development: Startups at the MVP stage ideal to ensure their solutions are ready for deployment and can effectively address issues of gender equality and inclusivity.
• Climate Action: Startups at thePoC/Prototype stage be chosen to test environmental innovations and sustainability projects, allowing for adjustments and improvements before wider application.