You are here: Home » PTI Stories » National » News
Business Standard

Institutes tie up with AFI, T-Hub to support social startups

Topics
Business Finance

Press Trust of India  |  Hyderabad 

: Four organisations here on Friday have announced a collaboration for developing a social entrepreneurship eco system in Telangana.

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, are the four organisations.

The collaboration was formalised with a memorandum of understanding (MoU) during the annual Action For India Forum 2019 at the Indian School of Business (ISB) here.

Under the MoU, the four organisations would pool in their experience and resources to create an eco system to support tech-enabled, social impact startups, countrywide, a press release said.

The not-for-profit collaboration aims at delivering strategic scaling support to 5,000 social impact startups over five years, the release said.

The alliance is designed to address the critical challenges faced by social entrepreneurs with a special focus on business model, market discovery, go-to-market strategy, scale-up strategy, right technology application and securing funds, it said.

The partnership also aims to put Telangana as the top state in the country supporting the startups and would make efforts to ensure that the state demonstrates a unique model for nurturing social enterprises for fostering inclusive and equitable growth, the release said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, November 08 2019. 15:15 IST
RECOMMENDED FOR YOU