Navigating the
Social Ecosystem
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Social startups aim to address not only the various problems
which plague the country, but also provide employment and support women
empowerment.
While the social sector is experiencing growth every
day, there are several incubators that mentor and advise the younger venture’s
to manage manpower, resources, and act as knowledge hubs. Few of them include
UnLtd India, Villgro, Deshpande Foundation, IKP Knowledge Park, Center for
Innovation, Incubation and Entrepreneurship, among others. And more importantly,
they help navigate the key challenge faced by this crucial sector, i.e. funding.
A thriving social startups ecosystem, apart from
addressing its own solutions, is contributing to employment generation. Almost two-third of these firms provide employment to the marginalized
groups. ‘The state of social enterprise in Bangladesh, Ghana, India and
Pakistan’, a report by the British council, further highlighted that over
24 percent women leaders are spearheading these enterprises as against 8.9
percent of women in the mainstream companies.
India already boasts 2 million social enterprises till date;
with more support through government policies and corporate funding, VCs and
social angels, the startups can grow exponentially and address the various
problems faced by India
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