The/Nudge Incubator Innovation Grant 2024
💰 Grant Amount: ₹15 lakhs
⏳ Deadline: Rolling admissions
🗺️ Countries Eligible: India
🔵 Mode: In-person and virtual
🏛️ Organization: The/Nudge Incubator
🌐 About Organization:
The/Nudge Incubator stands at the forefront of social innovation and impact in India, dedicated to supporting early-stage nonprofit entrepreneurs tackling the nation’s most critical livelihood challenges. Founded on the principle of driving sustainable change, The/Nudge Incubator operates with a vision to empower individuals and communities, fostering resilience and prosperity.
Mission:
The organization’s mission revolves around nurturing social entrepreneurship and innovation to address systemic issues affecting livelihoods in India. Through a combination of financial support, mentorship, and networking opportunities, The/Nudge Incubator aims to catalyze transformative solutions that uplift marginalized communities and create pathways to sustainable livelihoods.
Approach:
At the heart of The/Nudge Incubator’s approach lies a deep commitment to holistic support for social entrepreneurs. Recognizing the multifaceted nature of social challenges, the organization provides grantees with not only financial resources but also personalized mentorship, networking platforms, and immersive learning experiences. By fostering collaboration and knowledge-sharing, The/Nudge Incubator cultivates a dynamic ecosystem where innovative ideas thrive and impact flourishes.
Impact:
Since its inception, The/Nudge Incubator has made significant strides in driving positive change across India. By empowering a diverse array of nonprofit entrepreneurs, the organization has facilitated the creation of innovative solutions that address a wide range of livelihood challenges. From rural development initiatives to urban poverty alleviation projects, The/Nudge Incubator’s impact resonates across communities, bringing tangible improvements to the lives of countless individuals.
Partnerships:
Collaboration lies at the core of The/Nudge Incubator’s ethos, and the organization actively partners with a variety of stakeholders to amplify its impact. From corporate sponsors to government agencies and civil society organizations, The/Nudge Incubator leverages strategic partnerships to expand its reach, access resources, and maximize the effectiveness of its programs.
Vision:
Looking ahead, The/Nudge Incubator remains steadfast in its commitment to driving social change and fostering inclusive growth. With a vision of a future where every individual has the opportunity to thrive, the organization continues to innovate, adapt, and evolve its approach to address the evolving challenges of the livelihood sector in India.
Legacy:
The legacy of The/Nudge Incubator is not merely defined by the organizations it supports or the initiatives it funds but by the enduring impact it leaves on society. Through its unwavering dedication to social entrepreneurship and sustainable development, The/Nudge Incubator leaves an indelible mark on the landscape of social innovation in India, inspiring future generations to dream big and create lasting change.
🚀 About Grant:
The/Nudge Incubator’s Innovation Grant is more than just financial assistance; it’s a comprehensive program designed to empower early-stage nonprofit entrepreneurs in India. Beyond the ₹15 lakhs grant, recipients receive invaluable support and mentorship through a 9-month journey.
Financial Support:
The ₹15 lakhs Innovation Grant is a significant boost for entrepreneurs looking to scale their impact. This financial assistance enables grantees to invest in their projects, covering essential expenses such as research, development, implementation, and outreach.
Dedicated Mentorship:
One of the standout features of The/Nudge Incubator’s program is its personalized mentoring. Grantees benefit from 1:1 hands-on guidance provided by experienced mentors from The/Nudge CSI partners. These mentors offer strategic insights, helping entrepreneurs navigate challenges and optimize their strategies for success.
Networking Opportunities:
Networking is crucial for any entrepreneur, and The/Nudge Incubator ensures grantees have access to a supportive community. Through the program, participants connect with like-minded peers and industry experts, fostering collaboration, knowledge-sharing, and potential partnerships. This network extends beyond the program duration, providing ongoing support even after the grant period ends.
Immersive Learning Experiences:
The program includes both face-to-face and virtual bootcamps, offering immersive learning experiences. These events facilitate interactions within the cohort, allowing grantees to learn from each other, share best practices, and receive additional guidance from mentors and The/Nudge CSI ecosystem.
Strategic Clarity and Fundraising Support:
Beyond financial assistance, the program focuses on providing grantees with strategic clarity. Entrepreneurs receive support in refining their theories of change, developing robust business plans, and enhancing their fundraising strategies. This holistic approach ensures that grantees not only receive funding but also build sustainable and impactful organizations.
Long-term Impact:
The ultimate goal of The/Nudge Incubator’s Innovation Grant is to drive long-term, sustainable impact in India’s livelihood sector. By empowering entrepreneurs with financial resources, mentorship, and networking opportunities, the program catalyzes the development of innovative solutions that address some of the country’s most pressing challenges. Through this scholarship, grantees have the opportunity to create meaningful change and improve livelihoods for communities across India.
🏆 Benefits:
- Innovation grant of ₹15 lakhs
- 1:1 hands-on mentoring by The/Nudge CSI partners
- Networking opportunities with peers and industry experts
- Face-to-face and virtual bootcamps for immersive learning experiences
🎓 Eligibility Criteria:
- Early-stage startups (0-3 years) with a Proof of Concept or Minimum Viable Product
- Any Social Enterprise, registered or willing to register as a Section 8 company, a trust, or a society
- Solutions providing resilient livelihoods for the underprivileged or acting as change transmitters for financial, marketing, or technological empowerment
- At least one founder working full-time on the idea
- Organizations older than 3 years, focusing on a new livelihood initiative, are also eligible
📝 Application Process:
- Fill out the online application form with details about the problem, solution approach, and team.
- Shortlisted applicants will be asked to submit their Business Plans within 10 days.
- Finalists will undergo three rounds of personal interviews with The/Nudge team and Socent partners, with possible site visits for selection.
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