NSRCEL Social at IIMB launches platform to ensure that first-time entrepreneurs and investors don’t burn their fingers
13 June, 2017, Bengaluru: The NSRCEL at Indian Institute of Management Bangalore (IIMB) set up a platform for social ventures and investors to have an open discussion and understand each other’s expectations, at IIMB, here today.
A panel of experts, moderated by Rathish Balakrishnan, Co-founder and Managing Partner, Sattva Foundation, offered key insights to entrepreneurs in the room. The panel included key leadership from top funder organizations and included Kshitija Krishnaswamy, Director-Corporate Citizenship, Accenture India; Reshma Anand, Head, Strategy & Partnership, TATA Trust; Trivikram Sonni, General Manager, Azim Premji Philanthropic Initiatives, and Rahil Rangwala, Director, Family Economic Services at Michael & Susan Dell Foundation. They discussed experiences, gaps and opportunities to collaborate for creating greater social value.
Listing what funders look for when they get a proposal, Rahil Rangwala said: “We are big believers in investing in people and in teams. We will ask you for your business plan and we will ask you for your ideas, and we will thoroughly vet that. But at the end of the day we are investing in a person and in a team. So, you have to establish that credibility. The only thing that will survive and be resilient is the team and the founder/ promoter.”
To this, Reshma Anand added: “Ask yourself if you are creating something for the long haul or it is just an idea that is going to have a very short shelf life? Many of you own the ideas that you started off with, but your big task is not just to implement and show results. It is also how you are your bringing in more people who believe in you mission and have the same sense of ownership as you do. Propose to us in a way that you have the capacity to solve a problem, and show us your plan to solve it and how you will make the best out of the support that you get. I want to you to be audacious in your ask and not just in the kind of problem you are trying to solve.”
The session concluded by shedding light on how conversations around giving had evolved. It is beyond just cutting a cheque between a funder and a social venture, and the resonance is towards the need for capacity building, the need for good talent and the need for investing in an organization for long-term sustainability, said the panelists.
NSRCEL Social at IIMB launches platform to ensure that first-time entrepreneurs and investors don’t burn their fingers
13 June, 2017, Bengaluru: The NSRCEL at Indian Institute of Management Bangalore (IIMB) set up a platform for social ventures and investors to have an open discussion and understand each other’s expectations, at IIMB, here today.
A panel of experts, moderated by Rathish Balakrishnan, Co-founder and Managing Partner, Sattva Foundation, offered key insights to entrepreneurs in the room. The panel included key leadership from top funder organizations and included Kshitija Krishnaswamy, Director-Corporate Citizenship, Accenture India; Reshma Anand, Head, Strategy & Partnership, TATA Trust; Trivikram Sonni, General Manager, Azim Premji Philanthropic Initiatives, and Rahil Rangwala, Director, Family Economic Services at Michael & Susan Dell Foundation. They discussed experiences, gaps and opportunities to collaborate for creating greater social value.
Listing what funders look for when they get a proposal, Rahil Rangwala said: “We are big believers in investing in people and in teams. We will ask you for your business plan and we will ask you for your ideas, and we will thoroughly vet that. But at the end of the day we are investing in a person and in a team. So, you have to establish that credibility. The only thing that will survive and be resilient is the team and the founder/ promoter.”
To this, Reshma Anand added: “Ask yourself if you are creating something for the long haul or it is just an idea that is going to have a very short shelf life? Many of you own the ideas that you started off with, but your big task is not just to implement and show results. It is also how you are your bringing in more people who believe in you mission and have the same sense of ownership as you do. Propose to us in a way that you have the capacity to solve a problem, and show us your plan to solve it and how you will make the best out of the support that you get. I want to you to be audacious in your ask and not just in the kind of problem you are trying to solve.”
The session concluded by shedding light on how conversations around giving had evolved. It is beyond just cutting a cheque between a funder and a social venture, and the resonance is towards the need for capacity building, the need for good talent and the need for investing in an organization for long-term sustainability, said the panelists.