The Indian School of Business (ISB) in association with the U.S. Consulate General Hyderabad announced the launch of ISB Envision, a nation-wide Accelerator Programme to identify promising start ups that are leading the charge on Innovation and Excellence.
Designed by ISB’s Centre for Innovation and Entrepreneurship (CIE) and its incubation arm, DLabs, ISB Envision provides selected participants an opportunity to be part of the incubator/ accelerator programme at the ISB that will support ventures which have the potential to bring about a disruptive change in the area of Smart Cities. Climate Change, Education and Women’s Empowerment.
Making the announcement Rajendra Srivastava, Dean and Novartis Professor of Marketing Strategy and Innovation, ISB said
ISB Envision is our endeavour to create a socio economic impact by supporting the next generation of entrepreneurs to develop creative solutions to challenges and opportunities in the economy, overcome problems facing the society and create value for the country and our people. We hope this initiative from the Centre of Innovation and Entrepreneurship and DLabs at ISB will attract the best of entrepreneurs who have it in them to make a difference.
U.S. Consul General Katherine Hadda said
President Obama said recently to some entrepreneurs – Entrepreneurship remains the engine of growth. Ultimately, the world needs your creativity and your energy and your vision. Social entrepreneurs, in addition to being engines of growth, are agents of change. They are driven by a commitment to being socially responsible and putting mission before profit. The U.S. Consulate General Hyderabad is proud to partner with an exceptional business school like the Indian School of Business and to support the ISB Envision. ISB Envision is a true example of the shared values between the U.S. and India, as we strive for positive social impact in whatever we do.
ISB Envision includes two broad tracks: Start-up Initiate and Start-up Advance for early stage entrepreneurs
Start-up Initiate encourages entrepreneurs with a proof of concept and a viable business plan. This track aims to identify five entrepreneurs to be part of the ISB Incubation programme.
The five selected ventures will receive the following:
1. Incubation at DLabs@ ISB for a period of six months
2. Access to ISB’s network of mentors and investors
Start-up Advance is targeted at early stage start-ups that have been operational in business for 12 months and above. It will aim to identify five teams to be part of the accelerator programme to receive mentorship from the best minds in the industry, access to potential investors to secure funding and grow the venture to the next level.
The five selected ventures will receive the following:
1. Be part of the three month Accelerator programme at ISB
2. Access to ISB’s networks of mentors and investors
Some of the leading investment groups such as Matrix Ventures, Hyderabad Angels, TiE Hyderabad and Anthill Ventures are supporting ISB Envision as investment and mentoring partners.
Application Process
- Applicants have to register online before 31st, December, 2016 at envision.isb.edu
- Ten short listed applicants per track would be invited for a pitch day at ISB
- Five teams per track would be finally inducted into the ISB Envision programme.
- The Centre for Innovation and Entrepreneurship and DLabs at ISB will provide guidance and support to the start-ups throughout the programme.
About ISB
Indian School of Business (ISB) is a global Business school offering world-class management education across its two campuses – Hyderabad and Mohali. It is the youngest school ever to consistently rank among the top Global MBA programmes, the first institution in South Asia to receive the prestigious AACSB accreditation, one of the largest providers of Executive Education in Asia, and the most research productive Indian management institution. For more details please visit ISB