Four organisations in Hyderabad have recently announced a collaboration for developing a social entrepreneurship ecosystem in Telangana.
The four organisations include: Action For India (AFI), an organisation that helps social enterprises with access to technology, investors and government agencies, International Institute of Information Technology, Hyderabad (IIIT-H), Indian Institute of Technology, Hyderabad (IIT-H), and T-Hub, a state government initiative for startups.
The not-for-profit collaboration was set in stone with a memorandum of understanding (MoU) during the annual Action For India Forum 2019 at the Indian School of Business (ISB).
The collaboration aims at delivering strategic scaling support to 5,000 social impact startups over five years.
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MBA and Microsoft MVP for SharePoint Server, Symon Garfield, writes, “Social business has no value without purpose. If you know what you are trying to do (strategy) then that will give you the means to measure success (business case or value proposition), and that in turn will help you assess investments in social against other priorities. The starting point is strategy.”