In Social Enterprises the Challenge Lies in Indentifying Unique Opportunities
Social enterprises implement commercial strategies in an endeavor to maximize social and economic benefits. Most of them are focused on skill development in India but the fact remains that in the startup space it becomes difficult to put profitability and social benefits in the same platter.
Tata Social Enterprise Challenge (TSEC), is a joint initiative with the Indian Institute of Management, Calcutta (IIM-C) and Tata group to find India’s most promising early-stage social enterprises. Every year, from hundreds of proposals spread across the sectors, 20 teams are elected for semi-finals, basis their business model, social impact and sustainability.
Entrepreneur spoke to Atul Agrawal, Senior Vice President – Corporate Affairs, Tata Services Ltd to understand the requisites required to build a successful social enterprise that solves real problems.