164 social ventures take part in the first edition of Tata Social Enterprise Challenge
Monday, February 25, 2013
The Tata group in partnership with the Indian Institute of Management, Calcutta (IIM-C), hosted the grand finale event of the first Tata Social Enterprise Challenge today, followed by a Social Entrepreneurship Conference at the institute’s auditorium where the winners were felicitated.
In an endeavour to promote and support social entrepreneurship, the challenge recognised and felicitated promising, socially-driven ventures and ideas with proof of concept shortlisted after a two-month rigorous competition. Greenway Grameen Infra and Ottoclave emerged victorious in this year’s challenge, winning prize money of Rs1.5 and Rs1 lakh respectively, after being placed first and second.
Neha Juneja, co-founder and CEO of Greenway Grameen Infra, the winner of the Tata Social Enterprise Challenge has developed a smart stove that burns biomass fuel more efficiently, reducing fuel consumption by 65 percent and smoke emission by 70 percent. Speaking at the occasion, she said “Greenway Grameen Infra aims to change the way India cooks and this recognition will help us to expand and reach out to the remotest corners. I must commend IIM Calcutta and the Tatas that they have created a platform like this and especially when it comes to social enterprise. Our presentation has led to a lot of introspection and we do believe that through this platform we will be better at doing our work ahead.”