The Piramal Prize seeks to enable cutting-edge entrepreneurial ideas
that bring the highest standards of health to India's masses. Entries,
for-profit or not-for-profit, should emphasize both
profitablity/sustainability and maximum social impact. The most viable
business model will receive INR 10,00,000 (10 Lakh / 1 million) in seed
funding in addition to potential venture capital.
The Piramal Prize evaluation process involves three stages: The first
stage requires teams to outline the problem being addressed, the nature
of the innovation(s), and design of the enterprise. After submission,
stage one entries will be viewable to the public on our website and
will be open to comments and suggestions. Additionally, stage one
entries may be modified by entrants until the submission deadline of
April 1st, 2008. The second stage requires semi-finalists to submit
detailed business plans and financial projections; the third stage
invites five finalists to the Piramal Prize weekend at IIM-Ahmedabad in
June 2008.
Entrance Requirements: Plans must directly or
indirectly address the health crisis in India.
Entries may be for-profit or not-for-profit, and should be sustainable
business models that have a significant social impact. Applicants may
enter as a team, with a maximum of three members. All participants must
be over the age of 18.
What: The Piramal Prize a $25K
Social Entrepreneurship Competition focused on democratizing
health care in India
Goal: The competition seeks to
encourage and support bold entrepreneurial ideas which can profoundly
impact access to higher standards of health for India's rural and
marginalized urban communities. The award recognizes high-impact,
scalable business models that innovative solutions directly or
indirectly addressing India's healthcare crisis.
Entries may include (but are not
limited to):
* innovations in service
delivery
* technology applications
* health-related products
* mechanisms to address
public health necessities (i.e. potable water)
Why enter the competition?
* Contestants will have
access to mentorship by prominent business and health leaders and the
support of an online community to fully develop their ideas.
* Finalists will spend a
weekend in Ahmedabad presenting to a panel of distinguished judges and
showcasing their ideas to leading finance firms.
* Winners will receive over
$25,000 in seed funding and access to further venture capital support
to launch their ideas.
* Winners will be given
incubation support at the internationally recognized Indian Institute
of Management – Ahmedabad (IIM-A).
Deadline: Initial entries are
due April 1st, 2008.
Contact: The competition
is sponsored by Piramal Foundation, a NGO pursuing social enterprise
development in India. If you have any questions or need any more
information, please contact Naman Shah
(naman[at]piramal.org.in)
or visit (http://www.piramalprize.org
).
Piramal Prize: Social Entrepreneurship For Health Care In India Competition
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