Social entrepreneurship has been a familiar concept in India for a long time, but the concept of social business is a new phenomenon. Now, social enterprises are also known as ‘fourth generation hybrid enterprises’, offering the potential to transform lives while answering issues of poverty, inequality and environmental challenges. They are scalable, replicable and have the ability to create larger social impact by building sustainable communities. Bala Vikasa facilitates the strengthening of this sector through capacity building, incubation and industry linkages.

Further, the entrepreneurial spirit is an attribute for the development of individual and society. More importantly, entrepreneurship development becomes a vehicle for transforming lives in underdeveloped regions. Community-centered entrepreneurship models have got much more relevance in positively contributing to community development. In this context, Bala Vikasa through Vikasa International Center is deploying its experiences and expertise among youth and women in promoting entrepreneurship in rural areas.

SERVICES FOR ENTREPRENEURS


THREE FACETS

SOCIAL ENTREPRENEURSHIP

  • Fostering social innovation concepts and thought building
  • Developing social value and business plan for products/services
  • Providing incubation and support services to develop social enterprise models
  • Promoting network support
  • Facilitating impact investment
  • Mentoring and follow up

ENTREPRENEURSHIP PROMOTION

  • Fostering ideas and innovation
  • Developing entrepreneurial knowledge and skills
  • Formulating business plan for product/service
  • Feasibility and market assessment – market scan on pricing
  • Orientation on value addition and supply chain
  • Providing start-up incubation and support services
  • Facilitating financial linkages and venture capital
  • Mentoring and follow up

MICRO-ENTERPRISE DEVELOPMENT

  • Building capability to assess need-based services/products
  • Facilitating business thought on local needs – supply and demand
  • Developing business model – assessing feasibility
  • Local bank / SHG linkages
  • Hand holding and follow-up