Award-winning initiative aims to draw in purposes from startups in each individual area of India
NEW DELHI, Aug. 30, 2021 /PRNewswire/ — This year’s search for India’s most innovative assistive engineering startups is underway with the start today of Prosus SICA 2021.
Produced previous 12 months by Prosus – in partnership with Commit India, Social Alpha and the Planet Health Group – the initiative invites Indian startups with the most promising answers in the assistive know-how house to compete for an yearly grant and accessibility to the Prosus SICA mentorship programme.
With far more than 70 million Indians believed to stay with some variety of disability* the societal influence of enhancing lives and empowering individuals by way of assistive technology can be enormous. Prosus SICA was recognised earlier this thirty day period as “CSR Initiative of the Calendar year” by the AssisTech Basis.
Prosus has dedicated INR 16,500,000 to the initiative above three years, and every single year awards grants to a few profitable startups. Associates together with Invest India and Social Alpha deliver additional mentoring and financing prospects, although WHO supports the programme with technological support.
In its inaugural edition in 2020, Prosus SICA received more than 200 programs from 25 states and 7 union territories throughout India. The leading three startups recognised for their ingenuity and effects across a selection of assistive systems had been Sohum Innovation Lab (Bengaluru), NeoMotion (Chennai) and Stamuri (New Delhi).
In addition to the best startups, two other finalists were being enrolled into the SICA mentorship programme to benefit from Prosus’s knowledge in supporting business people and supporting them to triumph: Cogniable (Delhi) and Thinkerbell Solutions (Delhi).
For Prosus SICA 2021, an professional panel of judges will assemble to detect revolutionary startups with the most opportunity to positively impression the life of folks with disabilities. (Information and facts on the 2020 panel below). Qualified startups can post their programs from now right up until 19th October. The prime startups will be introduced in December to mark the Intercontinental Day of Folks with Disabilities.
Commenting, Sehraj Singh, India Controlling Director, Prosus, stated: “Enabling business owners throughout the globe to improve people’s every day lives is our mission at Prosus. Right here in India, the desires of 70 million folks dwelling with some variety of disability have remained under-served regardless of a vibrant startup ecosystem. We imagine that there can be a flourishing industry for assistive technologies and last year’s fantastic response to our inaugural Prosus SICA initiative validated this perception. We are so very pleased to proceed the journey this 12 months and I inspire all entrepreneurs in the assistive know-how space to join our mission by getting into Prosus SICA 2021.”
Deepak Bagla, MD & CEO, Spend India, explained: “The excellence of Indian ingenuity has been at the forefront. The ability of our business owners to pivot and create impactful frugal answers is India’s strength. This problem will lead the way in transforming assistive systems in the country and propel India to turn out to be a earth leader in the subject.”
Chapal Khasnabis, Head (a.i) Access to Assistive Know-how and Medical Products, WHO, Geneva, claimed “Business people throughout the nation are attempting to innovate in a expense-productive and scalable manner to clear up for the unique wants and demands in healthcare aided as a result of assistive technology. Prosus SICA is a exclusive programme that brings collectively field expertise, financing and executional abilities. We are very pleased to assistance the programme to renovate India’s health care landscape aided by Designed-In-India assistive technology for her possess population and past.”
Manoj Kumar, Founder and CEO, Social Alpha, said, “Assistive technologies is a 25 billion greenback marketplace globally but affordability and user experience concerns hinder the market advancement in India, despite acquiring a significant inhabitants that demands obtain to higher quality assistive solutions. Over the last handful of decades, Social Alpha has been actively acquiring the sector via innovation curation, venture development, and monetary innovation to facilitate marketplace obtain and buyer adoption. I am optimistic that Prosus SICA 2021 will unlock more opportunities and methods for innovators and assist them go to sector as they make world course answers.”
Interested startups can learn extra about Prosus SICA 2021 and the application approach on https://www.startupindia.gov.in
The top rated a few startups will be awarded grants of:
- Initial prize: INR 25 Lakhs
- 2nd prize: INR 18 Lakhs
- 3rd prize: INR 12 Lakhs
In addition to the grant award, suitable startups acquire an chance to perform with Social Alpha, an incubator that promotes innovation and entrepreneurship across India. As incubation husband or wife, Social Alpha can also offer up to $40,000 in equity to the leading startups.
The best five finalists are also inducted into the Prosus SICA mentorship programme the place they will benefit from Prosus’s practical experience in supporting business people and assisting them to triumph.
Prosus is a global customer world wide web team and one of the greatest technologies traders in the entire world. Operating and investing globally in marketplaces with lengthy-term progress probable, Prosus builds leading consumer online organizations that empower people and enrich communities.
The team is concentrated on setting up significant organizations in the on the internet classifieds, meals supply, payments and fintech, and schooling technological know-how sectors in marketplaces together with India, Russia, and Brazil. By means of its ventures team, Prosus invests in locations such as wellbeing, logistics, blockchain, and social commerce. Prosus actively seeks new possibilities to associate with outstanding business people who are employing technology to boost people’s every day lives. These days, Prosus organizations and associates help make improvements to the life of a lot more than 2 billion end users globally.
For more facts on Prosus and Prosus SICA check out: https://www.prosus.com/prosus-sica
About Commit India
Make investments India, established up in 2009, is a non-profit venture below the Section for Marketing of Business and Interior Trade, Ministry of Commerce and Field, Authorities of India.
As the nationwide financial commitment advertising and facilitation agency, Make investments India focuses on sector-unique trader focusing on and advancement of new partnerships to help sustainable investments in India. In addition to a core team that focuses on sustainable investments, Spend India also companions with substantial financial investment marketing agencies and multilateral organisations. Spend India also actively works with various Indian states to develop potential as well as provide in world wide best methods in financial investment targeting, marketing and facilitation regions.
About Social Alpha
Social Alpha is a multistage innovation curation and undertaking progress platform for science and engineering begin-ups that deal with the most essential social, economic and environmental problems by the electrical power of entrepreneurship and current market-building improvements. Since its inception in 2016, Social Alpha has supported extra 150+ start out-ups such as 50+ seed investments. For far more info, be sure to visit www.socialalpha.org.
LinkedIn: Social Alpha
Twitter: @Social AlphaIN
Facebook: @Social AlphaIN
About Earth Overall health Firm
The Environment Wellbeing Group gives world-wide leadership in public well being within just the United Nations process. Started in 1948, WHO works with 194 Member States across 6 areas, to boost well being, preserve the planet secure and serve the vulnerable. Its goal for 2019-2023 is to guarantee that a billion much more individuals have common health coverage, to defend a billion much more people today from wellbeing emergencies, and provide a further billion persons with greater health and properly-becoming.
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