ISB to Groom Students from China, Thailand & Singapore to Develop Innovative Social Projects

ISB to Groom Students from China, Thailand & Singapore to Develop Innovative Social Projects

The award for the most innovative 'Social Return on Investment' (SROI) analysis was given to the team from Singapore "Sarvodaya" for its proposal of facilitating cultivation of Aloe Vera in marginalized lands through self-help groups and NGOs, setting up processing facilities, thereby ensuring viability of

model and increased income for marginalized farmers. The SROI analysis requires the teams to think through how the social impact of their plan can be quantified.

ISB hosted GSVC in Asia in association with Helios & Matheson Information Technology Ltd., a leading Healthcare focused IT services organization. Many senior executives from Helios and Matheson were active participants in the event. "We feel proud to be part of an activity that has evinced greater enthusiasm and commitment from participants belonging to different nationalities and diverse multi-cultural and societal backgrounds. The feedback that the competition has received reiterates the importance of hosting competitions such as this to promote the social ventures", said Mr. G. K. Muralikrishna, Managing Director, Helios & Matheson.

The jury comprised several eminent personalities such as Hammer Award winner Matthew T. A. Nash, Sara Olsen, social entrepreneurship expert, Vijay Mahajan, MD & CEO, Basix India and some noted venture capitalists and entrepreneurs.

GSVC is one of the most high profile competitions in the world for scripting innovative business plans and setting up Social Ventures that have clear and quantifiable social objectives and are financially sustainable.

The GSVC began in 1999 and is a student-led initiative pioneered by the Haas School of Business, Columbia Business School, and the London Business School. The Indian School of Business (ISB) is a full partner - with responsibility of promoting the competition in business schools in Asia, mentoring the teams, and holding the Asia Semi-Final round.

Concluded.

Contributed by -
Ms. Bhuvana Ramalingam,
Director - Communications,
Indian School of Business, Hyderabad.

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