Social Entrepreneur of the Year -2012

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The Search and Selection process for the Social Entrepreneur of the Year was established to recognize outstanding social entrepreneurs around the globe, an initiative of the Schwab Foundation for Social Entrepreneurship and the Jubilant Bhartia Foundation.This competition is not only for India rather they organize same competitions in almost all the countries and on global level too.

The last date for apply is 31st may 2012

Its a great opportunity for the social entrepreneurs.

Criteria:

Please note that government personnel or public sector organizations will not be considered, nor will intermediary organisations, research institutions or foundations that seek to create social value through the provision of knowledge, or financial and/or technical support to community-based groups.

Criteria for the selection process include:

1. Innovation: The candidate has brought about social change by transforming traditional practice. Such transformation can have been achieved through

• An innovative product or service,
• The development of a different approach, or
• A more determined or rigorous application of known technologies, ideas and approaches.

A salient characteristic of a social entrepreneur is coming up with a pattern-changing idea and implementing it successfully.

2. Sustainability: The candidate has generated the social conditions and/or institutions needed to sustain the initiative and is dedicating all of his/her time to it.

• If set up as a non-profit entity, the organisation is achieving some degree of financial self-sustainability through fees or revenues or is engaged in creating mutually beneficial partnerships with business and/or the public sector. Where possible, economic incentives are embraced. In any case, there is a clear difference from traditional charity and a move towards community-based empowerment and sustainability. There is also a difference with traditional business.

• If set up as a for-profit entity, the orientation toward social and environmental value creation predominates, with financial return treated as a secondary means to an end, rather than an end in itself.

3. Direct social impact: The candidate has founded, developed and implemented the entrepreneurial initiative directly, together with poor or marginalised beneficiaries and stakeholders. Impact manifests itself in quantifiable results and testimonials and is well documented. There are no significant negative externalities.

The Schwab Foundation will also consider the 2 criteria below in determining the winner:

4. Reach and Scope: The social entrepreneur’s initiative has spread beyond its initial context and has been adapted successfully to other settings in the country or internationally, either by the entrepreneur him/herself, or through others who have replicated or adapted elements of it.

5. Replicability: The initiative can be adapted to other regions of the world to solve similar problems. The entrepreneur is open to sharing with others the tools, approaches and techniques that are critical to the adaptation of the initiative.

Process:

Step 1 – First Round Candidates: Those interested in being considered as candidates complete the application form. Information gathered in the selection process will remain confidential.

Step 2 – Second Round Candidates: After screening the initial applications, the Schwab Foundation for Social Entrepreneurship will invite candidates to submit further detailed information. This will include:

1) A copy of your CV or resume,
2) A recent evaluation report on your organization, preferably conducted by a recognized third party agency,
3) An income statement and balance sheet for the last 2-3 years, preferably audited by an external auditor

Step 3 – Semi-Finalists Selected: the Schwab Foundation and local experts review the information forms submitted by Second Round Candidates. Those who qualify are invited to be semi-finalists. At this stage, further information is gathered through site visits to the candidate’s organization and/or interviews with the candidate and key informants. This due diligence step enables the selection of the finalists.

Step 4 – Finalists Selected

Step 5 – Winners are announced (November 2012)

Benefits:
India Economic Summit
All Finalists will be invited to the India Economic Summit of the World Economic Forum in New Delhi in November 2012. This is a unique opportunity to connect with business leaders, key politicians, civil society members and media representatives of the region. The Winner will also be announced at an Award Celebration just prior to the India Economic Summit. The registration fee, flight, and lodging for all Finalists will be covered.

The Schwab Foundation Network
The Winner and possibly highly qualified Finalists will have special consideration for inclusion into the Schwab Foundation network. Benefits include access to a peer community of social entrepreneurs, services such as pro-bono consulting and legal advice, as well as scholarships to executive education courses at world-class institutions such as Harvard Business School and INSEAD. In addition, network social entrepreneurs are eligible to participate in all regional and global World Economic Forum meetings registration-free.

Possible nomination to the Forum of Young Global Leaders
Excellent finalists or winners under 40 years of age will also be nominated to the Young Global Leaders (YGL) network of the World Economic Forum. The YGL group is a community of proven global leaders under 40 years of age who have achieved national and global recognition for their accomplishments in the field of government, business, media or academia. The YGL community holds their own major YGL events twice a year. The synergies catalyzed by bringing the YGL and social entrepreneur communities together has proven to have significant impact for both groups.

Possible nomination to the Global Agenda Councils
World-class social entrepreneurs will be invited to join the global social entrepreneur community, which includes the prospect of being invited to join and contribute towards the Global Agenda Councils of the World Economic Forum.

Contact: india@schwabfound.org

info@schwabfound.org

Schwab Foundation for Social Entrepreneurship
Route de la Capite 91-93
CH – 1223 Cologny/Geneva
Switzerland
Tel: +41 22 869 1212
Fax: +41 22 786 2744

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Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

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