Varanasi, Jan 16 (IANS) A platform of resources and mentorship to skill local young business aspirants and scale up their potential to promote self-sustaining entrepreneurship with a social impact was launched here Friday.
A collaborative venture of the Deshpande Foundation with Ek Soch Foundation, a social initiative of the Delhi-based Spice Mobility Ltd, "Ek Soch Sandbox" is a platform for the youth to develop a business model that funds itself while seeking to serve a social cause.
"We want to encourage a new model of entrepreneurship with a social impact. Our idea of combining social good with enterprenuership is to bring in an aspect of sustainable social business," Spice Mobility Ltd managing director Dilip Modi told IANS.
"This business is not about profit, it's about surplus that be reinvested to scale... to create a source of income within the project itself. Make it self-sustaining," he added.
Modeled on the Deshpande Foundation's Hubballi Sandbox in Karnataka, the one in Varanasi - part of the constituency of Prime Minister Narendra Modi - called on local boys and girls as well as in six other districts across Uttar Pradesh to showcase their business ideas leading to sustainable developement.
As many as 25 such projects were showcased during the launch at Indian Institute of Technology-Banaras Hindu University campus, and they would ow be reviwed by the two collaborators for prospective funding. About 47 more are in the pipeline.
"We want to collect such ideas first and develp a critical mass and then out of that, we will give them support and system... provide them seed capital," said CEO Naveen Jha of the Deshpande Foundation that seeks to promote entrepreneurship as a catalyst for sustainable change for economic development.
"Dawaiwala.com", one such project under making, intends to connect patients with specefic ailments to the right doctor through aa website and also deliver the medicine to their doorstep.
As an inititve for social development, a team of two students from Lucknow, who provided old clothes to over 50 pavements dwellers exposed to the chill, want to engage a chain of boys and girls in a collection drive for old clothes and their distribution among the needy.
"All these ideas die if they (the entrepreneur) don't know how to run the organisation. We want to be ingnorant towards the problem side (of a social issue)... let's identify what are the good solutions and how we can build a scalabe organiation (for the entrepreneur)," Jha said.
Still nascent, the Ek Soch Sandbox will develop and identify the nature and scope of resources only once the projects to be funded are finalised, Modi said.
IND vs WI: KL Rahul celebrates in a new style, dedicates Test century to a special person
KL Rahul ended a 3,211-day wait for a Test century on home soil. After scoring a century on the second day of the Test in Ahmedabad, the Indian opener displayed a unique celebration style, which
Border 2: Sunny Deol is returning as a soldier after 27 years, the first announcement video of 'Border 2' is out
Border 2 Announcement: The film 'Border', released in 1997 under the direction of JP Dutta, got a lot of love from the people. Many stars including Sunny Deol, Akshay Khanna, Sunil Shetty, and Jackie
Vaccination of children from next month: Children of 12 to 18 years will get corona vaccine from October, Cadila's JayCov-D will be launched
Amidst the sound of the third wave of Corona, the vaccination of 12-18-year-old children in the country will start next month. The news agency Reuters has given this report quoting sources. According
'Husband is rich, get me 12 crore rupees and BMW, ' SC questions woman when she asks for alimony.
While hearing a case on Tuesday, the Supreme Court said that educated and capable women should stand on their own feet and earn money instead of taking alimony from their husbands.
Russian school shooting kills 13; The attacker shot himself
At least 13 people have been killed and more than 20 injured in a shooting at a Russian school. It is being told that seven children are among the dead. According to the AP, there is an atmosphere of
Sone Chandi Ka Bhav: Gold prices fall on the first day of Navratri, know what was the price of silver?
On the first day of Navratri and Durga Puja Kalash's establishment, there has been a big fall in the prices of gold and silver. On Monday, gold is trading below Rs 50,000. In such a situation, you can
Dhoni accuses IPS of contempt of court: Reached court in match-fixing case
Former Indian cricket team captain Mahendra Singh Dhoni has filed a petition in the Madras High Court against IPS officer Sampath Kumar in a match-fixing case. In the petition, he accused Sampath of
Amazing of crypto, this billionaire is giving competition to Ambani and Adani in wealth
In the past few years, many people's fortunes have changed because of cryptocurrencies. Cryptocurrencies wonder that Binance CEO Changpeng Zhao has joined the list of top 15 billionaires in the world.
CSR funds not for BJD's election expenditure: BJP
Bhubaneswar, March 29 (IANS) After the ruling BJD expressed its dissatisfaction over central PSUs backing out from the Aahar scheme, the Odisha unit of BJP on Sunday hit out at the former, stating
UP Election 2022 Voting Percentage: 61.65% voting in the fourth phase, Pilibhit, and Lakhimpur Kheri remained ahead and Unnao left behind
In the fourth phase of Uttar Pradesh assembly elections 2022, 61.65 percent of votes were cast on Wednesday for 59 seats in nine districts. That is, the fourth consecutive phase also passed the First
