TiE Hyderabad to roll out $200mn-$300 mn Social Impact Fund
Hyderabad: TiE Hyderabad in collaboration with social impact funds, country partners, development funds, and the government (both State and Central) intends to launch a $200 million (over Rs 1,480 crore) to $300 million (over Rs 2,220 crore) Social Impact Fund. As a part of this initiative, TiE has conceptualised the maiden TSS Social Enterprise Awards, […]
Hyderabad: TiE Hyderabad in collaboration with social impact funds, country partners, development funds, and the government (both State and Central) intends to launch a $200 million (over Rs 1,480 crore) to $300 million (over Rs 2,220 crore) Social Impact Fund.
As a part of this initiative, TiE has conceptualised the maiden TSS Social Enterprise Awards, and is in the process of shortlisting the first set of social enterprises to be awarded. The Social Impact Fund shall be used to help the most suitable social enterprises scale their business, enhance their products, attract skilled talent, and access new markets. The funds will be allocated based on the merit of the social enterprise business model and ability to bring the desired social change.
TiE announced TSS Social Enterprise Awards to recognise social enterprises who are creating a deep and tangible impact through innovative business processes and technologies while pursuing the sustainable development goals (SDGs) defined by United Nations including affordable and clean energy, agriculture, clean water and sanitation, climate change, education, healthcare, life on land, life under water, livelihoods, poverty among others.
The TSS Social Enterprise Awards, hosted by TiE Hyderabad are brought forth by TiE Global, a non-profit organisation devoted to entrepreneurs in all industries. There are currently 15,000 members in 61 chapters across 14 countries. The awards will be presented to the global winners during the TiE Sustainability Summit being held between October 4 and 6, 2021 through a virtual platform and attended by 25,000 social enterprises from over 50 countries.
Praveen Tailam, chairman, TiE Global Board of Trustees said, “Social enterprises have emerged as the agents of change, and are addressing the most critical issues faced by the world – whether it is climate change or social issues, they have been solving them tirelessly through innovative technologies and processes. The TSS Social Enterprise Awards are aimed at recognising their contribution to the planet but also support them through our mentoring ecosystem, helping them gain access to impact investors, mentors, and global markets.”
The award winners will qualify to access the TiE Global network of social impact investors, mentors, advisors, strategic guidance to accelerate their growth, global market expansion, connections with industry, academia, thought leaders and policy makers.
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