The Schwab foundation has began it’s search and selection process for the Social Entrepreneur of the Year- India 2010.This award was established to recognize outstanding social entrepreneurs in India , an initiative of the Schwab Foundation for Social Entrepreneurship in partnership with the Jubilant Bhartia Foundation.
You can apply or nominate someone today at the link below – Last Date July 7th, 2010
Social Entrepreneur of the year 2010 – India
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.
The top 3 most important criteria to be considered a finalist are:
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.
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 2010)
Nominate now at Social Entrepreneur of the year 2010 – India